1923-10-10 — Page 3

Page

"DECOLITE

THE HONGKONG DAILY PRESS, WEDYSDAY, OCTOBER 10TH,

FIRE-RESISTING FLOORING

Awaplod Gold Medal Franco-British Exhibition)

JOINTLESS. HYGIENIC & NON-SLIPPING Laid by Our Own -Workmen on

STEEL WOOD OR CONCRETE.

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel, Central 338.

WHITE PINE

3, Quoon's Buildings.

#

COUGH SYRUP

WILL

STOP YOUR COUGH

་

Et coutains Soothing: Balsams and Astringent Principles

GOOD FOR YOUNG AND OLD.

THE CHINA DISPENSARY

S2, QUEEN'S ROAD CENTRAL.

SALE NOW ON

Come Now !

A FRESH STOCK OF

MANILA HEMP HATS

FOR LADIES

Latest Styles,

Various-Colours and ShapesTM

AT LOWEST PRICES.

Come Early !!

Don't Miss the Opportunity!!!

SWATOW DRAWN WORK CO. 16. Des Voeux Road Central, Hougkong

F. O. Box 445,

SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS,

FORGE MASTERS;

`OXY-ACETYLENE

ELECTRIC WELDERS, MECHANICAE ́ AND ELECTRICAL

ENGINEERS.

Telephone No. 2880

TAIKOO

DOCKYARD & ENGINEERING COMPANY OF HONGKONG, LIMITED.

DRY DOCKS. Length 787 Feet.

Length on Blocks 750 Feet

Dept. on Centre of

Sil (H.W.0.S.T.) 34 ft. 6 ins.

THREE SLIPWAYS. ---

Capable of Handling Ships Up to 3,000 Tons Displacement. Electric Crane at Sea Wall. Capable of Lifting 100 Tons at 70 Feet Radius.

:

BUTTERFIELD & SWIRE

(Jo Bwan & Boma, Lap),

„Txx. ADDEISS: "TAIXOODOCK, Honozoko," AGENTS.

TELEPHONE NO. 212.

HONGKONG, CHINA & JAPAN,

„GAL FLAG: "0", Ass. PERSANT. `·

The CITROEN.

The Last Word in Car-Economy RUNNING COSTS LOWER

Less Tyres

Less Oil

Winne 3 years running 1520 21-50 Grand Prix for Low Consumption.

Sale Agents:

PICK CO. TO..

THE STRAITS SETTLEMENTS

RUDGET.

THE COLONY'S FINANCES,

RESEARCH IN PACIFIC. MAPPING THE OCEAŃ BED.

With the gleet of making extensive re- fotreben into various branches of science,"

· THE GOVERNOR'S ADDRESS

the yacht St. George, which has been pur chased for the purpose, will-sait-from! H. E. the Unvernor of the Straits Settle Dartmouth, at the end of October for a ments (Sir Laurence Guillemard) com- truise in the Pacific. She will be away gunced his nuun nidress on the Budget Approximately ten months, and will call at the following ports: Pannzua, Gala- at a meeting of the Legislative Council last j pugos,, Easter Island, Pitcairn. Mangn

gek as follows:-

Reva (Gambier Island), Rapa. Australs, ཤ་དང་ཐུག་མ་པའིpཞུགསbhtrilwད་པ་ད་ད་ད་པོ་རྣམས་གང་

Imuldress last year. I stated that ↑ Cook Islands, Tahiti. Kargiroa, the Mar I amricipated that the year. 1922, wouli | 21.000 miles will he travelled. result in increasing myr surplus by some į 854 millen, The inegre actually Anunted to 1 million, shut the im Iprovement over my forecast was partially due to the postponement of payment for the Penang Hill Railway.

This year we have": "no income tax (which' brought in last year wearly 81 million) to swell our recripts "and we emnunt, there fore, hope for nearly good a result as in 199

TAS expedition has been organised by the Scientific Expeditionary Research Asolation, and the following scientists are accompanying the vessel:~

Ethnology: Mr. James Hornell (Direc tor of Fisheries, Madras).

Marine Biology: Dr. Cyril Crossland. General Biology: Mr. P. I. Johnson. Entomology: Mr. C. L. Collenëtte ånd Miss L E. Cheesinan."

Botany Mr. Lawrence A. A. Riley. Ornithology: Lieut.-Col. H. J. Kelsall, Geology: Mr. Lawrence J. Chubb." The oceanographer has not yet been appointed.

The yacht will be under the command. of Commander David Blair, R.N.V.R and Maoir A. J. A. Douglas, who has travelled very widely, is to be in charge of landing arrangements, camps, and so on

In fact recent revision of our esti inates for the current year, set out in the memorandum which has been cirenlated, indicates that our revenue for the current year should excked out expenditure by about, $11, million only. It is anticipate that at the word of this year the assets of the Colony will exceed its Jiabilities by almost 900 million, of which some Sible to map the bottom of the ocean with million will be qui

We are, however, committed to consider able extraordinary expenditure and to lours of large amounts in the near future (for example, is connection with water supplive in all Settlements), anal the best method of getting a true grasp of the real steigth of our position is to treat the amount of cash involved in the extraordi- nary expenditus and those loans a 1 presented by an ear-marked portion of our surplus The adoption of the method indicated shows that cur available rach surplus a the ud of the current year should excred 220 million, and I feel that I are justified in describing our financial position as sugnal. "

i

!

The estimates for 1924, which will be brought before you today. show an ex- penditure of $28.384,533 against an anti- cipated revenue of $27,350,545, that is to say, our budget for next year es it now stands forveasts a deficit of slightly overi 31 million. The budget will be subjected

·to careful Krutiny during its progress through Council, and an endenyour will be made to reduce, the expenditure to the amount of the estimated revenue. If this į is impossilde, the deficit must be i treated as a charge against the $90 mil lion cash surplus I have just mentioned. Even the budget na finally passed by this Council shrpus a deficft, it must be remembered that recente is stimated on, La unservative basis, and I trust as in

previous years the actual results of 1995′′ will turn that deficit into a surplus.

A very important change has been effect- i ed in our currency legislation by an Ordi- mulce passed in this Council Inst menth and brought into force today. The Cur-|| rency Commissioners are now empowered to buy and sell for Straits currency sterl ing instead of sovereigns delivered in 5 Jun. The effect is to change our ear- roney from a gold exchangé standard into a sterling exchange standard, a change which has been necessitated by the effects of the war but will prote beneficial to the Colony. Statistics as to Currency are

the memorandum. furnished

tar has stated that important results Lieut. F. W. Kealey, organising secre-

are likely to accrue from the expedition. We shall probably use a sonic, depth Ander. he saint, with which it is poss

great accuracy. The hed of the Pacific is always altering, and I think we shall find new plaers, and do some extremely valuable work.

Among other subjects to be studied on the cruise will to the migration of whales.

HONGKONG SHARE MARKET CLOSING QUOTATIONS

OCTOBER TV, 1923. Hongkong and Shanghai

Banks

.....$1,100 b. Canton Insurances .........$6473 b. Union Insurances

$034

44) b. 1541 b,

Stato boats........................................ "Star" Ferries

China Sugars. Laagkata (Combined). Whampoa Dockя...... Hongkong Lands ****-

J

CLOTHES

MAY NOT MAKE. THE MAN BUT USED RIGHTLY THEY CEẾTAINLY

HELP

"WE WILL KEEP

"YOUR WHOLE

WARDROBE

IN GOOD CONDITION FOR LESS THAN THE PRICE OF ONE "NEW... SUIT..

EVERY GARMENT THOROUGHLY STEAM PRESSED (AFTER GENUINE DRY-CLEANING) BY EXPERIENCED TAILORS.

STEAM LAUNDRY CO.

HEAD OFFICE and WORKS YAUMATI, Tel. K HONGKONG DEPOT: 16, Stanley Street, Tel. Ċ 1279.

#1

62, Praya East. KOWLOON DEPOT: 19, Canton Road. "CANTON: 19, Sharki Central, Eart.

"Write or Phone for completa PRICE-LIST.

XMAS GIFTS

AT

BARGAIN PRICES

AT

THE SWATOW LACE COMPANY

All kinds of Swatow Taces, Drawn-Work Table Linen, Embroidered Sit Showie, Capeg; Scaris, Dresset, Hand-Bags, Slippers, and Underwear. Carved Icury, Mother-of-Pearl, Tortoise-Shell and Amber Beads, Pendents, "Bracelets, Mab-Jong, Lanterns, Tamp Shades, etc., etc., etc.

„203 b., 224 sa. .Tis. 33) b.

$150 s, ex. div.

$89 b..

COME FARLY!

Ewo Cottons ... ..Tla 131 b. Shanghai Cottona"................Th. 28 b. Orientals".

Tia, 5 b. Hongkong Rope $39 1 China Irovidents $245. Dairy Farma.............$12 b. „246. Hongkong Trams ........

b.—ùuyers; 's—sellare; sz-axler,

BOWERN &

No 8, Muarta Road,

SBANGHAI

Members British Chamber of Commeror

(Sannghai). Mr. T. W. BOWERN, Fellow of the Institute of Chartered Shipbrokers, Incor porated by Royal Charter, London.

STRANEHIP. AGENTS AND SEIPEROXK43, For the Purchase, Sale nad Charter of Vessel any Tonnage, Passenger and/or Cargo, Nee and/or Old, with delivery China at Very Lo Prices.

"

In regard to loans, raised locally and in England, the position Pemains exnetly as set out in my address of last year. The total public debt of the Colony is appro ximately $210 million, of which the Im peril Government will repay $50 million. the FM.S. Government $95 millions and the Johore Government. the Harbour Boards and Municipalities almost all the remainder either by direct payment or hyPORTERS AND EXPORTIES, SHART-BROKEN! Members Shanghai Share Brokers' Assona contributions to Sinking Funds

WIRELESS STATION FOR BANGKOK.

For Some time past, says the Bangkok Times of September 22nd. the Navy bas supplied a bont, which has been' stationed ab Kohaichung, fitted with wireless 'to.com- municate with Bangkok. The Post and Telegraph Department are now erecting a temporary installation of wireless on Koh Kam. and when this is ready the Navy boat will be released for other duties. The telegraph authorities are going to build a permanent wireless station on the island of Ketsichrog, and the plant. Marooni art, bra bein ordered; Perman- "ent "buiklings. hnéo' to' ba nevetadi for the operating staff on the island. and until these are ready and the ( sent arrives from home, Koh Kom will be used as 'n tem.

SALVAGE OPERATORE, MARINE SURVEYORA

AUCTIONEERS, COAL MERCHANTS, “ FREIGHT BROEKIS, METAL MEROHANTS, Machinery For Sale, New and Old in Fire Class Condition.

-tian)

·SOLE AGENTS FOR CHINA - GREEN'S PATENT-ANCHORS, SAMUEL WAHRin & Co. Lab. (Shafield) High-Claar Steel Manufacturers (Tan) Brand).

Catalogues and Price-Lista on application (

(Enquire Welcomed

CABLE "ADDRESS : Bowzan, Shanghai,

Coora: Bentley's, Scott's, A.B.G.

5th Edition and Improved.

**Boy! A Good Smoke, my Slippers Rud Armchair,"

THE

netary station. On the opening of the HONGKONG CICAR STORE, LTD.

Fobsichenz bed, wetion, the Fah Kam plant will be availabja for use ravshere, ahil mag ha levstað et Plan Pradeene, It is in artmadalian in ball a mimetras station for Dam ---1- with a long distroen Freising nail dispatching set, on top of the present telephone exchange,

CANADIANS TO BUILD A RAILWAY IN CHINA.

A Wanineguksugo circulated to the world's Press reria:

Contracts for the construction of 1,901 miko ofurait-end" in China. involving an expenditure of about $20,000 030, hars been received he the Northern Construction Company, accrding to reports reenise? at the Peerd of Trade. The new 1'ne will extend from Canton to Chength and will pass through some dieult country, necrn. itating the building of tunnels. Local

Do not supply Slippers and Chair, but They do supply a

GOOD SMOKE.

When

in doubs about your eyes

or your glasses

Count

CHINESE OPTICAL CO.

fficials of the company expect to go to 67, QUEEN'S ROAD

tha Orlent in, the near future to take charge of the work

Hongkong

CENTRAL

FOR 15 DAYS ONLY

From Oct-1st to Oct 15th. -

DON'T MISS YOUR OPPORTUNITY.

174. Queen's Road Central

PIANOS FOR SALE OR HIRE.

TSANG FOOK PIANO CO.

TEL. 2127.

94A, WANCHAI ROAD.

SOME DISTANCES IN THE SOUTH CHINA SEA AND PHILIPPINE ISLANDS

On Sale at

BY CAPT. G. H. PENNEFATHER.

BREWER & Co., Pedder Strect.

YE OLDE PRINTERIE, LT, Queen's Road,

SOMETHING YOU NEED.

DRAWN WORK and EMBROIDERIES of EVERY DESCRIPTION.

Shawls, Hand-made Laces, Drawn and Embroidered Handkerchiefs, Beaded Articles and Necklaces. Suitable for Xmas Presents to send Home.

CHINA SILK & EMBROIDERY CO., LTD.,

Wholesale and Retail Merchants.

37, QUEEN's Hoap CESTRAL (NEXT Manan Flaxr's)..

PERFUMERY

Manufacturedly

RIGAUD, PARIS.

ARE EMBALSAMADÓ” "MARY GARDEN" ALLORY CARIÑOSA" "DUCE MIA”. -

"L-LAS DE PIGAUD"

Obtainable from

VICENTE ATIENZA,

18. Nathan Rd., Rosloon.

phons K155.