NEW ADVERTISEMENTS
NOTICE.
ATTENTION is it to His
recently concluded between His BRITAN Mio Maimati's dovaɛ#XENT and the Gre»' MAN GOVERNMENT, relating to the payment sot of the proceeds of liquidation of German property in China of the following classes of debts due fiom Germsa to British natio als, viz-debts payabin before the war or arising out al pre-war coat.nets and transactions and
dow
(a) From German", nationals resident or branches of German businesses operating ia China at the time when the debt was contracted to British natinals wherever resident, or
(b) From Germany ationals wherever resident to British nationals resident or branches of British businesses operating in Chian at the time when the debt was con- trasted,
Debts falling within the scope of article 295 of the Treaty of Versailles and, consequently, due for settlement through the Enemy Debus Clearing Offices, are excluded.
British nationals are hereby notified that if they desire to take advantage of this Agree meat, they must file their claims Not Later than 11ar OCTOBER, 1923, with the BRITISH CUSTODIAN OF ENEMY PROPERTY IN CHINA, Glea Line Building 2, Peklog Road. Shanghai, Chis, to whom there debtor and the amount abould apply at once, stating the name of the of the debt, for the form of proof of claim.
H.BM, CONSULATE-GENERAL Canton, July 27th, 1923.
NOTICE TO CONSIGNEES.
:| The Steamship "TRIESTE"
Frox TRIESTE
BRINDISI ALATO, VENICE
SAID, MAS- BAUA, FORT SUDAN, ADEN, COLOMBO, PENANG AND
SINGAPORE.
YONSIGNEES of Cargo are hereby inform
ed that all Goods äro being landed at their risk inte the Godowns of the Hongkong & Kowloon Wharf, and Godews Co., Ltd, st Kow. loom, whence and/or from the wharves delivery may be obtained.
Optional Cargo will be forwarded unless notice to the contrary be given before 29th inst No claims will be admitted after the Gooda
kare Taft the Godowne, and all Goods remaining undelivered after the 3rd prax. will
be subject to rent.
All Ulaims against the Steamer must be presented to the Undersigned on or before the 13th ProZ OF they will not be recognised.
All broken
chafed, and damaged Goods are to
be left in the Godowas, where they will be 4.xamland on the 3rd prož, st lu a.mą by oun Surveyors, Mosers, Goddard & Douglas,
No Wire Insurance has been effected. Kills of Lading will be countersigned by
DODWELL & CO. LTD.
Agents,
Hongkong, 28th July, 1923
11041
HONGKONG SMALL INVESTORS'
SHARE AND REAL ESTATE CO., . SHAIX AND Land Broxtra. "
No. 8. Des Visar Bosd,
INTIMATIONS
NOTICE
THE BONGHONG DAILY PRESS, MONDAY, JULY 30r¤, 1925-
HONGKONG SHABEBROKERS'
ASSOCIATION.
WING to Weather Conditions, the JULY SETTLEMENT PUSTIUNED WI MONDAY, 30TH INATANT, and until such dato no OFFICIAL QUOTATIONS will be issued,
By Order of the Committee,
J. W. KEW,
Secretary.
1107]
HONGKONG STOCK EXCHANGE,
WING to Weather Conditions the JULY SETTLEMENT is POSTPONED- till MONDAY, 30TH INST. and until such date no OFFICIAL QUOTATIONS will be issued. By Onler,
P. TESTER,
Hongkong, 97th July, 19:23.
No
Secretary- [1108
THE HONGKONG STEEL FOUNDRY CO., LTD. (IN VOLUNTART LIQUIDATION),
TOTICE IS HEREBY GIVEN that in pursuance of Section 181 of the Companies Ordinance, 1911, a "MEETING 64 CREDITORS will be bold at the Uffice of the Liquidators, Charterin Bank BUILDINO, Cu MONDAY, the S0TH DAY OF JULY, 1923, st 13 o'clock Noor for the purpose provided for in the said Section."
A. R. LOWE,
1
Joint Liquidator. Dated 20th day of July, 1923. [1104
THE HONGKONG, CANTON · AND MAÇAO STEAMBOAT CO., LTD. NOTICE TO SHAREHOLDERS.
INTIMATIONS
NOTICE OF REMOVAL.
HE Offices of the "HONG KONG DAILY THE O
FRESS bara been removed to 14, CHATEN ROAD (3rd floor), to which Addren's all Correspondence should be directed.
Hongkong, 16th July, 1893,
THE INDUSTRIAL AND JOMMIROV, BAKE, LTD.
"HMAD CYPION: York Building, Chster Road Hongkong BRANGERS Shanghai-1, Kiangar Road” Hankow-British Concession,
COALES POSTDENTE EN :'4" London, New York, Chicago, San Fraunio Vancouver, BC. Hezclain, Singapore, Penang Tisntain, Bwat w, Macao, Canton and all Com mercial centres of Chins and abroad.
PROMPT SERVICE. Attractive rates for all kinds of Deposita Inquiries are welcome.
T. H. MAL
1969]
THE
ני
INTIMATION:
JOHN DEWAR
& SONS, LTD.
PERTH SCOTLAND.
By Royal Appointment
to His Majesty
The King.
Macaror.
+
AMERICAN EXPRESS CO. INCORPORATED.
• HEAD OFFICE: NEW YORK CITY.
INTERNATIONAL BANKING-SHIPPING-TRAVEL
S
Eighty Offices are established in the Principa Cities of the World to provide Commercia Organisations and Private Individuals with a compists World Wide Banking, Shipping and Traful Bervice.
COMMERCIAL LETTERS OF CREDIT.
AN INTERIM DIVIDEND of ONE DEPOSIT AND CURRENT ACCOUNTS
DOLLAR
per
bhare for the
Six Months ending 30th June, 1923, will be PAYABLE on WEDNESDAY, San AUGUST, on, which date Dividend Warrants may be obtained on application at the Company's Uffice.
The TRANSFER BOOKS of the Company will be CLOSED from Thursday, 26th July, to Wednesday 6th August (both days in- clusive), during which period no Transfer of Shares can be registered,
By Order of the Board of Directors, JOHN ARNOLD, Fecretary, Hongkong, 10th July, 1993. -
$1050
NOTICES TO PUBLIC.
· "SARPEDON" @ J.K. ARRIVED 8.7.23.
N°
TOMICE IS HEREBY GIVEN that Origins! Countersigned Bill of Lading
B COX No. 52 covering Shipment of
No. 1. F119
1 Case VELVET is said to have been LOST and is therefore declared null and void,
2nd Floor
Telephone No. C. 4906.
11011
(107
NOTION TO CONSIGNEES.
AMERICAN & ORIENTAL LINE.
FROM NEW YORK.
HE Steamship
THE
"NANERIC"
haying arrived, Consignees of Cargo by bar are informed that all Goods are being landed at their risk into the hamardous and/or extra-hazardous Gedowns of Hongkong & Kowloon Wharf & Godown Co, Ltd, whence delivery may be obtained.
No Claims will be admitted after the Gooda have the Godowas, and all Goods remain. ing undelivered after the 31st July, 1923, -] be abject to rent.
tes
All Claims against the Steamer must be pre- sented to the Undersigned on or before 7th August 1923, or they will not be recognized.
All broken, chafed and damaged Gooda am to be left in the Godowns, where they will be examined on the 31st July, 1923, at 10 am,
No Fire Insurance has been affected. Bills of Lading_will be countersigned by
THE BANK LINE, LID,
General Agents. Hongkong, 25th July, 1923.
[1102
BUTTERFIELD & SWIRE,
Agente, -0.5.5. Co., La., & CM.S.N. Ca La.
FOR SALE.
5,000 FEET of STEEL CABLE
Circumference.
1077)
in Good Condition 3 inches
Apply to PEAK TMAMWAYS CO., LTD., Alexandra Buildings.
TO LET.
Rooms on Fish Floor, |FFICES in UNION BUILDING-Jour
Apply
UNION INSURANCE SOCIETY OF CANTON, LTD,
BOWERN & 00. No 8 MUSEUM "ROLD. SHANGHAI
Members British Chamber of Commerce (Shanghai). H. T. W.BOWERN, Fellow of the Institute of Chartered Shipbrokers, Incor perated by Royal Charter, London.
STEAMSHIP AGENTS AND SHIPBROKERS. For the Purchase, Sale and Charter of Vessels. of any Tonnage, Passenger and/or Cargo, New and/or Old, with delivery Chins at Very Low Prices.
SALVAGE OPERArons, Manikz SURVEYORA AUCTIONEERS, Coal Merchants, FREIGHT BROKERs, Mavár-MasonANTS. Machinery For Bale, New and Old in First-
Condition. Importkes and Exporters, SHARE-BROKERS Member Shanghai Share-Brokers' Albomis. tion).
NOTICE TO CONSIGNEES,
·TER PENINSULAR & ORIENTAL· STEAM NAVIGATION CÓ.'S STRAMERC
*MACEDONIA."
AERITED, HoseLoka on 28ru July, 1923.
FROM ANTWERP, LONDON, GIBRALTAR, MARSEILLES, PORTSAID, ADEN, BOMBAY, COLOMBO 455.STRAITS.
CONSIGNEES of Cargo by the above-
named vessel
are hereby informed
thas their Goods are being landed and placed IT TEEN xist in the Hongkong and Kowloon Wharf and Godows Godowns at Kowloon, where each will be sorted out mark by cigament
Company's mark and
delivery can be obtained as the Goods are landed.
Optional goods will be landed here unlara Instructions have been given to the contrary 6 hours before arrival of the steamer.
Goods date on land within 8 days, including
of arrival will be subject to rent.
dhe Fire Insurance will be effected by us in 697 onDo whatever,
Damaged package must be left in the Godowns for exsmbiatlón by the Consignees, and the Company's Barreyors, Mess, GODDARD & Dovolás, at 10 Mon Mondays and Thursdays.j
АП
1 Olaims must be presented within ten days ́of the Steamer's arrival here, after which data they cannot be recognired.
No Claims will be admitted after the Goods bare left the Clodown.
MACKINNON, MACKENZIE & CO.,
Agenta.
Hongkong, 26th July, 1923..
[1105
SCI AGENTS FOR CHINA GİREN'S PATENT ANCHORE. Samont WARNE & Co., Lan, -(Sheffield), Elgin Class Steel Manufacturers (Tank Brand)
Ustalogues and Price Lists on application
(Enquires Welcomed
CABLE ADDRES: Bowsar, Shanghai
Coben: Bentley's, Scott's, A.B.C.
5th Edition and Improved.
'PREPAID ́ ́** WANTED ADVERTISEMENTS
Ofe
Letters are lying, at this Office for Base-XE, XL, IB.
NGLISH STENO-TYPIST Required Please apply to Bor TA, elo Daily Pre
E110
10 LET-EUROPEAN FLATS in Lo
Building, Wanchai Ner Apply to 82. Kennedy Road
41
FOREIGN EXCHANGE,“ LETTERS OF CREDIT. TRAVELERS CHEQUES. LETTERS OF CREDIT. STEAMSHIP PASSAGES. HOTEL RESERVATIONS BAGGAGE INSURANCE. CABLE AND POSTAL REMITTANCES PURCHASE OF BILLS OF EXCHANGE.
Every approved Banking Shipping ani Travel Transaction.
P J. VANHECKE,
Mausgez
ZUS80-ASIATIO
CAPITAL (FULLY-PAID)
BAIK.
Boables. 55,000,000 26,980,000
-1.
WHITE LABEL"
FINEST
Tax. The terms of reference also con tain a hint in the direction of "income chargeable income," the Report follows In drawing up rules for ascertaining tax for all," and the Committee was in the United Kingdom practice, but makes stricted to prepare the Model Income special provision to avoid existing am- Tax Ordinance for the general use of biguities in the law. A to rates of Colonial Governments; or, at any rate, allowance for depreciation of plant, it is to recommend a definito and considered admitted that the standard of rates policy with regard to auch legislation." which have been agreed upon in the case However, the Committee, composed of of important trades in the United King representatives of une Colonial Office, the dom will normally have to be increased Inland Revenue Department and une for plant used ovorecas. A lengthy para- Treasury, has confined itself entirely to graph of the Report is devoted to the the technicalities of income tax assoas question of." Taxation of Persons Reui-. ment and collection, and has nothing to dent outside the Colony." On this sub- say on the general principles of taxation|ject the Committee states; "We prefer of that kind, and its theoretical applic-the United Kingdom method of leaving ability or ouuerwise to *Colonies not the taxing authority, in any case where possessing Responsible Government. the actual profits which the non-resident So Hongkong's potential income tax derives from his trade within the couns" payers may apparently consider them try cannot be ascertained, to fix kuch s selves reprieved: unless, indeed, the fair and reasonable percentage as the Colonial Office-having been furnished by facts of the particular case justify;""" -Be- the Inter-departmental Committee with tween the ease of a regular agency `with a Model Ordinance-invites Hongkong te power to manke contracts on behalf of the come into fine with other Colonies which principal, and the case of the representa have accepted this method of raising tivo who is little more than a canvasser The obvious retort will be for orders on behalf of the non-resident, "Firat give us a Model Parliament, and there lic, as the Committee remarks, an then we will think about your Model indefinite variety of gradations, and each.
case must be determined on the particu-". Jar facts. While tax should be charged on profit gained by trading in the Colony, it should not be charged on profit arising from trading with the Colony. Elabor ato rules are drawn up to avoid 'double income tax within the Empire. In this connection it is remarked that the draw.. ing up of profit and loss accounts to show what profits arise in the Colony involves increased clerical and accountaney charges; this „he Committee fears is inevitable in the case of persons liable to pay income tax levied by more than one
revenue.
SCOTCH WHISKY Ordinance."
OF GREAT AGE.
AWARDED 50 GOLD AND
PRIZE MEDALS..
THE VICTORIA. VAT
The very finest old
Meanwhile, it will be advantageous to take note of the conditions of income tax demand 'nud payment which the ex- ports who represent the taxing authority consider will be more or less, ideali tax-paying can ever be associated with idealism. Levying an income tax in the Colonies involves complications arising from the existence of large numbers of hon-residents whose incomes are derived from the Colony; also probably to lesser degree in most Colonies of resi- dents whose incomes are derived from outside the Colony. Adjustment of pro- portionate shares of taxation also present difficulty in the cases of large trading
#
country.
# While regarding the assessment of pon- resident traders' as clearly desirable, in
SCOTCH WHISKY. concerns with head offices in the United order that non-residents who derive in-
As supplied to the Houses of Lords and Commons.
SOLE ACENTS:--
Kingdom, or in one of the Colonies, and come from a Colony should contribute" branches in several other Colonics. A. their fair share to the expenses of the these questions, naturally, have been taken into consideration by the Inter- departmental Committee which had be fore it representatives of various bodies, including the West India Committee and the Association of British Malaya; also
sexunulation of "letters and mem randa received in the Colonial Office from time to time from persons and
administration which renders it possible. to earn that income, the Committee is concerned to give the non-resident every opportunity to present his case in the event of a claim for rebate. It is re- cognised that any suspicion that, owing to lack of facilities to prosent mis case, Le non-resident is called upon to bear an unfair share of the burden of the tax. is bound to cause a Colony material in-
BRSERYE FUND LUTED BY TEMA. S. WATSON &ciations in the Colonies" on the jury by driving away capital and trade.
CHINESE GOVERNMENT REBATE FUND
141
+44
3,500,00 1,750,000
READ OFFICE! Paris 9, Rae Boudrean
LONDON OFFICE:
64, Old Broad Street, EO.2.
BANKHER:
LONDON: Means, Glya, Mills, Currie & Co.
Societe Generale pour Favoriser le
Develop da Commerce at de Hindne
trie en
PARIS: Societe Generale pour Favoriser le Developpement du Commerce et de l'Indus- trie en France.
Banque de Faria et des Fays-Bas. LYONS: Bociete Generale pour Favoriser le
Derred Commerce et de l'Indus
tria
New York: The Irving Bank-Columbin
Trust Company.
SAN FRANCISCO: The Crocker National Bank
of Ban Francisco.
BRANCHES IN ASTA: Changchun Hankow Manchouli Tientate Chefoo Harbin NewchwangUrantel Dairen Hongkong Peking Yokohama Hailar Kaabgar Bhanghai
HONGKONG BRANCH; “ Interest allowed on Curent Accounts and" Fixed Deposits. Terma on application. Loo Bills discounted.
Foreign Exchange on the Principal Cition o! bhe World bought and sold.
R. A. RODGERS,
Manager.
637]
P.&O.BANKING CORPORATION
LIMITED. (INCORPORATED IN EXULAND 1920) with which is affiliated
THE ALLAHABAD BANK, LTD, UDIA
£90,000
HEAD OFFICE 199, Lexdenhall Street, London, EC. a
WEST LONDON BRANCH: 14-16, Cockapur Street, London, B.W, 1.
CO., LTD.,.
Wine & Spirit Herchants.
PHONE 616
BIRTHS. FAULKNER-At Shaghai on July 24th, to Mr. and Mra . H. FAULKNER, a daughter. Res-At Shanghai, on July 24th, the
wife of A. S. RrssELL, of a daughter. SPENCER--At Shanghai, on July 22nd,
the wife of W. H. SPENCER, of å daughter.
: DEATHS. WILSON.-At Weibniwei, on July 19th, Geords Cassie Wilsox. late Superin- tendent Engineer, Indo China Steam Navigation Co., Ltd., in his 74th WRIGHT-At Shangbai, on July 24th, Rev. HARRISON KING WRIGHT, in the 47th year of his age.
year.
Hongkong Office: 1, Chater Road. London Office: 131, Flemt Street, EC
The Daily Press.
HONGKONG, JULY 30TH, 1922.
INCOME TAX IN GROWN COLONIES
subject of existing.legislation In other words, for the purposes of this investiga tion, the dusty archives of Inireaucracy gave up their dead.
Present difficulties are that the trader's representatives on the spot are often not competent to deal with matters of taxa- tion; they are often merely the trader's A notable departure from Tited King agents and he is unwilling to give them dom income tax law is adopted by the confidential information regarding his Committee in framing legislation for the profits; it is difficult to deal with intri needs of the Colonics; namely, that a cate financial matters by correspondence, tax should be imposed upon neome which and completo accounts are seldom kept aither has its origin in the Colony, or, in the Colony. These are handicaps while having its origin outside the alike to the trailer and the taxing autor Colony, is received in the Colony: "The ity, and to overcome them the Committee adoption of this straightforward rule,"
suggests the appointment of an"-official, comments the Committee, does not re-resident in the United Kingdom, as the sult in anything more than the taxation recognised agent of each and every of income that comes within the Colonial Colony which imposes income tax. The jurisdiction; avoids the various difficulties inherent equitably shared between the Colonies. moreover, it not only expense of such a Loudon office migne le in an income tax code der which the Tu support of this proposal it is pointed amount to be charged depends in part out that the financial relations between upon whether the person is resident or the United Kingdom and the Colonies non-resident, but also reduces to com are very close and the bulk of the capital paratively small dimensions the problems invested in the Colonica is British capital. arising out of double taxation of in-
Finally, it may be remarked that come." The complication and difficulty neither the Report nor the Model Ordi- of taking the incomce of residents in a nuces might be expected-contain Colony, wheresoever arising, are so great provisions suggesting a method of apply that, in the special circumstances of coming taxation of incomes to the peculiar paratively small communities, the Com-circumstances of the Colony of Hong- mittee considers it best to limit the scope keng where transference of head offices. of the income tax charge to income which to Canton would make possible the arises in the Colony or is brought into evasion of the greater part of the impost the Colony. In the method of assess and incidentally inflict inestimable injury ment, also, the Committee recommends a on the commerce of the Colony. divergenco fruin United Kingdom prac- tice. Instead of computing the amount of income liable to tax on the basis of
The name of Dr. Liu Hung Ngan has
Fowler and the Misses Fowler have re- Major-General Sir John Fowler, Lady. turned to Hongkong from their sojourn
We bave received from a London cor- AUTHORIARD CASTITAL .....25,000,000 respondent a copy of a 'document hear SUBSCRINED AND PAID UZ £2,606160 ing a title which will be ominous in the an average of the last three years, as at been added to the Hongkong register of RESERVE FUND
ears of some of our readers, the "Report Home, the Commitico advises that the medical practitioners of the Inter-departmental Committee on preceding year's profits be taken as the Income Tax in the Colonies not possess basis. On this question representations ing Responsible Government." Study of made by those interested seem to have the Report indicates, however, that the been conflicting. Traders resident in the quection before the Committee was not. United Kingdom and doing busincas in the ethics of an impost, such as income the Colonies urged that it would be more to. in Colonica in which the taxpayers convenient for them to have the same have exceedingly limited powers of con basis of Assessment for each of the in- trolling the Exccutire. Nor does the
come taxes to which they were liable.
EASTERN BRANCHES: Bombay, Calcutts, Karachi, Madras, Colombo, Singapore, Hengkong and Shanghai.
The Corporation undertakes General Bankis,
in North China
HE the Governor has appointed Sergeant Wilfrid Brackenridge, M.O., ta Second Lieutenant in the Hongkong
and Exchange Barness of every description va Committee recoinmend that income tax On the other hand, it was stated that nteer Defence, Corps.
in addition to its Branches Has Agencies in all the principal Cities of the world.
O. CHAMPKIN,
Manager,
23, Des Tong Road Central, HongKong.
ON SALE.
HONGKONG HANSARD REPORTE LEGISLATIVE
of the Seation 1991.
the
THICE
MEETINGS "COUNCIL. for
Earised by the Members.
DAILY Fama Orna":
The Government is inviting tenders for
a tramway service on certain public high- ways of the Kowloon Peninsula.
be levied in all Colonies and Protector business firms in the West Indies were the privilege of running and maintaining ates of the British Empire. Having pre- mostly in favour of the preceding your's pared a Model Ordianer." the Comprofits as the basis and the substitution mittee recommends that this be sent to of the three years' average would meet all Colonies and Protectorates where with much opposition. Inasmuch as the Aining the passengers who left by the Colonies, generally working, take the Empreiz of Canada on Saturdag, for preceding year as the basin, it seemed to Shanghai“ wero Mr. and Mry. O. Boyd, the Committee undesirable to make Mr. K. E. Greig, Mrs. D. J. Lewis chango if it could possibly be, avoided. The Royal Commission on Income Tax,
It in notified in the Government Gazette which reported in 1999, recommcided the adoption of this basis for the United that the King's Excquuture empowering the Model Ordinance for carrying over Houurary Consul for Balvia in Hongkong Kingdom also. Special provision is, made Mr. Charles Henrique Basto to act as trade losses for a period of a long has received His Majesty's signature;
Income Tax laws are already in force, and that the Colonial Governments, bo lised 'to repeat the existing laws and intrailuce fresh legislation on the lines of the Model Ordiannen.“ We suggest, also," adds the Committee," that the Modelydinance be us a guide by atl Colonien which may in the future find it lecessary to introduce an Income six years;
No comments yet.
Private notes are available after approval.