1924-03-22 — Page 3

Page

SPECIFY

S. K. F.

BALL BEARINGS

ON ALL MACHINES YOU ORDER.

Wcan supply Bearing for all kinds of Machines. POWER SAVING. NO HOT BEARINGS. SELF ALIGNING

THE UNITED

Tel. Contral 296.

REQUIRE LESS ATTENTION.

ASBESTOS ORIENTAL AGENCY, LTD.

SOLE AGENTS FOR HONGKONG.

Address: 3, Queen's Buildings.

RADIO.

"TUNE IN" with a'NAT-O-VAO "B" Battery using at the same time a RAY-O-VAC "A" Dry Cell Battery for your Filaments. See how clearly the signals will come in.

The National Radio Engineering Company of Atlanta, Georgia, covering an investigation made by them in the interest of Railway Electrical Engineers, report that

The Battery is the most important part of the radio apparatus, and many causes of trouble in instruments are often We have found only one make caused by poor batteries.

'

of Battery that is so constructed that satisfactory service can be obtained on heavy duty such as work of the class we are undertaking. The "RAY-O-FAC" Batteries have stood all the tests and bare proven their construction and material by actual use.

They

Eave proved ABSOLUTELY SATISFACTORY IN EVERY WAY."

Telephone K711

These Batteries are not obtainable from:-

DE SOUSA & CO. LTD,,

IND FLOOR, ST. GroRon's BUILDING,

TEL NO-CENTRAL 1964.

BICYCLES

LADIES', GENTLemen's or TandEM FOR HIRE OR SALE. NEW RACER JUST ARRIVED.

HANG LEE CYCLE CO.,

18, HAIPHONG BOAD, KOWLOON.

Next to PALACE Horn,

Telephone K711.

PIANOS FOR SALE OR HIRE.

TSANG FOOK PIANO CO.

Taz. 2127,

944, WANGHAI Road,

CARRERO VIDAL & Co.

MANUFACTURERS OF STEEL BARRELS for the exportation of any kind of oils.

Sole Agent for China

G. B. CABALLERO

OFFICE 36, Ice House Street. P. O. Box 635,

The New Route to EUROPE

"ROM the Orient, via" the Admiral Oriental

Fine to Seattle or the Pacific Mail Steamship Company to San Francisco, to New York by rail- to Europe via the United States Lines.

.

Through reservations at special rates. U, S. Lines Agents in Seattle and San Francisco mest all ships, UNITED STATES LINES

ADMIRAL ORIENTAL LINE 4. Das Taux Boad, Bangkong. PACIFIC MAIL: STEAMSHIP COMpany -

Agents

Gosen's Bullillar, oken, Agencies in Principal Cities

Managing Operators for U. S. SHIPPING BOARD

THE "HONGKONG DAILY PRESS, SATURDAY, MARCH 23, 1924

GIANT INCOMES.

BY A BANKER.)

[I is rumoured that an additional shilling on super-tax is contemplated by the Government.]

The wisdom, from the economic point of view, of depriving rich men of a large slice of their great incomes in order to spend the money in the service of the state, is open to argument. But what is not open to argument is that the number of giant incomes fast decreasing. The records of bankers and tax départments prove this.

Less than twenty million with werd admitted to probate last year. To-day probably less than one hundred perious in this entry possess above one million pounds. Lererhulme, Rothermiere, Roths child, Inchcapo, Cowdray, Liscelles, West- miaster Sutherland, Wills, Bearsted Rhondda, Coats-these are some of the name that ocour most readily, when millions are in question..

Oil, soap, shipping, tobacco, cutter, coal and iron-these are fields in which the biggest incomes are found. Banking is not what it was, the Rothschild's, sines the, advent of Morgan and his associates, ará not the money kings, they omen were. There are two or throw publishing million- aires. Railways and real estate do not provide many exceptionally large incomes.

Insurance earns many incomes of £20,000 a year: a few bookmakers make £10.000; Frank Wootton is said to have received E25,000 in his best year. Perhaps threo authors make as much as £12,000: Gald and diamond mines yield to perhaps, ix men in this country £50,000 a year apico although the income of the biggest gold- mining magnata is nearer £300,000-the income Creil Rhodes enjoyed.

How do we compare in this matter with other countries? France has very few rich people. In 1993 some five hundred thou Band French people declared incomes of over. £1.000; in England about one in every thousand of the population has an iacome of £1,000 or over; the number with incomes of more than £50,000 was only

197.

PASCALL'S

SWEETS

AND

EASTER

EGGS.

A

Large

Assortment

Just

Landed

BLUE BIRD

CAFE

CHINA BUILDING.

of the Past

Sir Basil Zabaroff, with immense inter- cats in America and England, is certainly the richest mea in France, with Baron Rothschild following. Germany's richest man Stinnes, whose income doubtless' exceeds one million pounds a year. Frau Flashes- Krupp comes next and old Thiessen third. Wealth in that unhappy country is con centrated in the hands of a small group' of landowners and industrialists, and there is practically no intermediate class be tween the small and giant income clases. In Amerien the millionaire class has de- creased by ne ly 50 per cent. Since 1917; many former millionaires were anashed

is a whole. by the great 1921 slump. There group of inherited int rest,"

persons like the Astors, the Morgans, the Witneys, the Vanderbilts, Harrimans, and Goulds, who possess

incomes of between half and ona inillion pounds year; and a very larga number of people indeed make in business A.

or receive from investments. Incomes ex- ceeding £50,000 per annum.

The richest men in the world are Mellon,. Secretary of the U.S. Treasury, Rocke feller, the oil monarch, a d Ford. Rock- feller is in his eighties, Mellon in his seventies, Ford in his sixties; but the last

with an income of £80,000-by repute and assets capitalised at about £400,000,000, seems now to have outstripped Rockefeller as the richest man on earth.

Japan has quite a respectable number of giant incomes, including one extimate at around £80,000 a year, enjoyed by an woman. This is Yone Suzuki, an elderly widow who is in business. For bereif and who has interests all over the work).

"

That is Just What Good Pictures are; They bring the Past back to Life.

Take Pictures To-day ; To- morrow; ad Everyday.

TACK & Co.,

26, DES TOTI BOAD,

CENTRAL.

ALLIES.

All Discriminating

Smokers

and the

HONGKONG YARN MARKET. HONCKONG CICAR STORE LTD.

Messrs. Poli-hwalls and Kotwall, Cotton and Yarn Brokers of Hongkong in their latest circular way

la our last circular, dated 27th Febru ary, we reported the closing tone ne being badly affected by the heavy decline of American Cotton. Since then our ar market has experienced a heavy decline all round, with scarcely any business pass ing during the greater part of the inter- vening period. the dealers being more anxi-

[as

When in doubt about your'syar or your glaasəs Consult

CHINESE OPTICAL CO.

4

Lys-tight Specialists

ous to liquidate their own former holdings 67, QUEEN'S ROAD CENTRAL

and to cut their losses, rather than enter into new commitments.

At the close, importers seem to be eager sellers, and by conceding as much as $15 per bale, succeeded in inducing buyers to Contract for a few selected chops of No 10%. for the Yuunan market. No 125. still remain out of favour, only a very small business coming under our notice at prices about 87 lower than previously.

The mills in Bombay are still almost all closed owing to the strike. Total, Sales 3.200 bales. Unsold stocks 6,000 bales, Bargains in Chinese hands, 3,500 Bales,

Shanghai is in about the same state s we are, only a very small business being reported at declining rates.

Japanese Yarn:-Is quoted lower, all' round.

Bar Cotton:-No Sales, Stock 100 babs, Bengal only. Quotations:-Bengal $55 to $60 per picut Chinese $68 to 68.

HONGKONG SHARE MARKET

CLOSING QUOTATIONE.

"

·March 2'87, 1924.

Hongkong and Shanghai

Bank!

Union Insurances "Star Ferries ..... Kowloon Wharves Whampoa Docks Hongkong Lands Hongkong

Hotels Ewo Cottourssie Ceppenta******

Dairy Farms

Watsons

Hongkong Trama ..

$1,143 b.

2246 b.

..386 b

.8188 b.

$152 b. 2119 ..

$27 b..

Tin. 11.70 b.“

.333) b.

$25 b.

1.327 b

..$28 b.

· E—buyers; a—selters; sa—inles

Hongkon

CAN I WEAR THIS AGAIN

?

WET NOT GIVE OUR DRY-CLEANING SERVICE A TRIAL FIRST?

YOU WILL THEN BE ABLE TO PUT YOUR WINTER CLOTHES AWAY CLEAN, AND KEEF THE MOTH AWAY," IT WILL SAVE YOU MANY DOLLARS WHEN NEIT WINTER ARRIVES.

MAY WE SERVE YOU?

THE STEAM LAUNDRY

HEAD OFFICE and WORKB: YAUMATI, Tà X 32 HONGKONG DEPOT:16, 8baldy" Stroot, Tel 0 1379.

$1, Fraya East.

KOWLOON DEPOT: 19, Canton Bond.

CANTON: 19, Shark! Centrai, Eart. KOWLOON HOTEL DEPOT.

MATSUMURA,

5, |Arsonal Street, Hongkong.

ART

5

DEALER IN

GE NIU IN E

CURIOS

Ancient and Modarn Successor to Nikko

co.

Write or Phona

for PRICE-LIST,

Artistic Gold, Silver, Bronz, Damascene, & Lacquer Wares, catsuma Forcelain, Chips Teal Services, Embroideries, Silk Tampabades, etc.

GREAT REDUCTION SALE

ALL KINDS OF LADIES' FANCY GOODS

including Swatow Drawn Work, Canton Embroidery, Hand-made Iace Ivory-ware, Beaded Works, etc., etc,

DON'T MISS THIS OPPORTUNITY.

CHINA DRAWN WORK CO.

To think of

(YUEN · UHRURG)

40, Queen's Road. Central.

SEA-GRASS and RATTAN FURNITURE that will give you the Utmost BATISFACTION in every point of EXCELLENCE in

to think of

"DO BE CHAIRFUL" COMPANY

H

51, Queen's Road Central

Makers "of Furniture, the QUALITY of which has long. been accepted by knowing Furniture-buyers. a' the STANDARD OF MERIT.

S. O. A. E, O.

THE FAR EAST OXYGEN AND ACETYLENE CO., LTD.

DEALLES and HANUFACTURERB of Oxygen, Acetylene, Carbonic Acid, Ammoniaq, Anhydrous sulpuron gases, Carbide of Calcium, Motor Cycle, acetylene tanks, and all necessary equipment for low, and high-pressure autogenous welding.

Autogenous weiding of all metal by Oxy-Acetylenie and

Flectric prooOKEUS, »

Boiler Repairs a speciality.

Apply No, 20, Des Vanz Road Central, End Floor. Tel. Central No. 2944.

Frompt refting at moderate prices of all kinda" of Motor

Uycle sostylane tanks.