1924-03-26 — Page 4

Spring and Summer Wear.

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TERMS CASTI

CANTON LANDRENTERS AND

RATEPAYERS.

ANNUAL MEETING,

The minutes of the annual genera meeting of Landrenter's and Ratepayers of the British Concession, Shameen, beld H.B.31. Consulate General on Monday, February 18th have been sent to us for publication.

Present H.B.M. Censul General (14 vates), HB1. Vice-Consul (3 votes), Lt Col Crosse (1 vote). Commander Hunt, R.N. (1), Messrs. Forrest (2), Austin (2), Forbes (1), Mowbray Jones (1), Sandeman (1), Demaretz (3), But- ton (2). Poisat (2), Kitching (4). Braweld (1), Lang (4) Benson (2), Hausen (1) Browne (3), Sutton, (3), Hogg (2). Reid (5). Reynolds (2). Karnugin (4), Camp- bell (3). Bend (e), Spalinger (2), Clark (3), Staples-Smith (5). Parr (13), Monię (3): Total: 107 vote

The necessary quorum of you being present. the Chairman H.B. M. Consul declared the meeting spen.

NEW MEMBERS OF COUNCIR. MrBorn then projwosed that Lt-Col. Crosse, and Moser, L. V. Lang, EU. Reid and M. O. Clark be elected for the incoming Council and was seconded by!. Mr. FORBEST. The motion was carried unanimously.

If this was done the Council would then (auming it wishes to adequately provide for depreciation of properties, etc.) have na necessity to increase rates. To my mind this is the fairest" method, that those who

the water should pay for it, and that is really a love on the Water-works under. taking.

the rates should not be burdened with what

The Council, however, considered this matter and decided in view of the large increase in income required to get na expression of opinion from the meeting. The estimates, after all, are only estimates and can be amended by a supplementary vote.

It has to be remembered that the higher values at which our properties now stand in the booka nécessitats larger sums for depreciation.

As it may be asked how was this matter, of depreciation was dealt with in the past I will summarize same.

Previous to 1918, no depreciation' at all 1916, 10 per cent written off but money |

was not foun).

1917, Depreciation 87,748, money found

26,609,, out of reserve, 1918. Varying sms but log than the

Surplus in hand.

1921/22 Whatever surpins we had was

applied.

If proper system is not adopted an adhered to, ratepayers are not going to bear their fair share, either at this time or some other.

THE TEAR'S ACCOUNTS. Mr. Boss, Chairman of the retiring council, seconded by Mr. FORRest, moved

The resuit too of the lack of proper de that the Accounts and Report, as pre ented by the Council, be paved. dr.preciation is that instead of the Bank's Security being a satisfactorily expanding Besp said that he would like to make a

one, the margin of security shrinks and few remarks on the Accounts before they

when we want accommodation it will only

were passed. For the sake of clarity everal of the headings had been__sub divided by the Audit-Messrs. Lowe, Bingham and Matthew, chartered ac a light countants and so there was difference from the 1993 Budget presented nt the last General Meeting.

EXPENDITURE.

be obtainable on onerous terms.

REVENUE.

Turning to the side of Revenue:

Wharfage Dues. In the first place this is a misnomer and, as it represents an extra tax on raw silk over and above the amount paid in Business Tax, the naine his been altered in the Budget for 1924

Public Works Department.-There was othing budgeted against this heading salo Silk Durs. This source of revenus has not come up to expectations, owing as stated by the outgoing Chairman at the previous meeting, part of the salary probably to the continued political up of the D.P.W was included in estimates heaval, and has only realised $2,469.50 for the Police, but as this item could easily against an estimate of $3,300. be distributed over all departments it was considered better to keep it under a

anat ate heading with other items pertaining to Public Works generally. This naturally. reduced the figure against expenditure on

Police

Health and Hospital.-These accounts are now shown under three headings, Health Department Exprenses, Hopital Hot and Nursing Home The item 85,093.20 includes page from "England. outfit and other allowance in bringing new nurse, Mis Lennox Paterum, but

Deficit. This is accounted for by the larger sum written down for depreciation. Overdraft-With the Hongkong and Corporation WILS Banking Shanghai $97.553.13 at the end of 1992 and reducel to 883,427 36 at the end of 1923.

what the dispute

Mr. SUTTON the repairing of the bund

regarding the

CONSUL GENERAL explained that the Council held the Crown responsible for repairing the bund, whereas H.M. Office of Works had quoted Bye-Laws Regulations Shameen with show that the responsibility lay Nox, and 7 of the of the Council. In this conuertion, His

from Home, abg Mess

of this surse and Mrs

hus" now left the services of the Con Majesty's Commul- Genern later inter out that the terms of the ordinary Crown and is at her way, Hemne ts Scutland. Least definitely placed on the inmirenters Garden and Recreation Grounds.Wage the responsibility for the malat uance of Mr. Cruickshank of H.M. of 3 gardeners, grass cutting, rolling and the Bund general upkeep of all grounds under the charge of the Council, including the foot. Ofice of Works came L Canton last year batt grennd are included ander this head.but owing to the state of the tide, had

ID

Road rintonate and Construction. Ordinary routine patching has been done during the year under review as the Coun. cit had not sufficient funds alluted them to cover cost of relaying the whale of the surface. At the last annual mot pointed out that as the Crown were

of the owners

the Island, a fnet of which Sir J. Jamieson has takea Irequent oppor- tunity to remind Ius, they should attend to their duties as findor jud kop their duty to owu property in repair. It is our keep the roads in

but not, n good order understand it, to do such repairs as ar outside our contractifal obligat en

Last year went a letter to H.R.M. Office of Works after the general meeting

not been able to examine the state of the HOL bund and the question of liability had not been mentioned, H.M. Consul General said that the matter was not one which could he decided at the meeting. but that due to arrive in Canton the following a representative of H.M. Ofe of Works day and the

thei incoming Council might take up the question with him.

Mr. SUTTON then enquired whether the Council hail accepted the terms of the new Crown Lenses as they haul feu instructed to do, by the landrenters 2 years before, or the condition that no better tres could be obtained.

Mr. Boso replied in the negative and aid that the nations and haller to arrange themselves with II.. Government. In any case the matter was

of ratepayers had ex this view indire nul no retion enld be taken

was not

4317

at

procumling

The Courel were watching

The Offer of Works went Mr. Cruickshank

in Tientsin and Hankow hezy and he inspected the Bund face but

to the tidy, hnd

nn definite cowhere pretest had been made. clusion to make The question of liability Mr. SUTTON asked why no sinking fund.

riell

had been provided for in the estimates for Besthouse-During the typhoon last 1921 as in previous year, Summer the pontoon was sunk and had to be re-caulkett: also neary repairs had to be carried out on the building to keep it weather tight. It appears that the Lonnell expend each year about 800 on

boathouse and

the

Mr. HOND eferred Mr. Sutton to his original speech and statel that he wante na expresion of opinion from the meeting. Mr. KITCHING asked why, if the over straft had been reduced by about $10,000.

in veeipt of $367 reg amoy there was need of additional revenue.

rawa Lease Rent-To the budget for 1923 the estimate of $800-included a sum for the renewal of the Crown Lease for Lot 51. on which the RX. Canteen build-

Mr. Bayn explains that the deprecia. tion account had to be covered. Previous ly the sinking fund had been used for this

purpose. Mr.

SUTTON Orely criticized the

ing stand, but as the question of Crown acconat He asked why taxation should Lease is held in abeyance until this quest increased to reduce draft. The tion is Bnally ited with the Home result of the new system had len to mako Government, 8130 represents actual Crown a deficit in cash of 84.578.37 and enregia Actanl'y there had rept paid for Tots 14. 75 and 78. 568.55 oftion of £14.972.65. which is recovered from the Swimming ben a eash surplus of over $10,000 em the Beth Club.

year's working and taxation should be. anything reduced. The Council asked for $14,372.55 to cover depreciation. This sum, yearly, would, in 6 years,

make a a-to- tal equal to the overdraft at the Bank. would and has buildings and machinery have been prosented free to the community the present ratepayers. Cash was the vital factor. All that was necessary wa

100

surplus to

to make a sinking fund of $8.500 which would satisfy the Bank.

Mr. BoND objected that the state of the

Repair and Maintenance-3929.94 re ports Alterations and additions to the quarters verupied by the Native Police in ceilings and ventilatory ne recom unded by the Medient Officer of Health

his report last year.

in

"Temporary Allowances in Pay-8121.50, as already explained in the Report, was granted by the Council, after having re ceived an appeal from the staff and police, on account of the present increased cost

a

of living, and we trust, this action meets Bank balance was not the test of the year's

with the approval of Ratepayers,

working: Property mist depreciate and ikpreciation The whole stem of it was necessary to set aside a fund to necaunts has been remodelled and the pro

perties revalued by the Council's Architects allow for this.

Mr. SUTTON pointed out that the surplus-

whose figur have nezeptal by the Council and Auditor. The figures diy Cll the fact that these properties are much more valuable than the 1962

accounts would seem to indicate,

last rear was over $78,000 and this year it appared to be #145,006.97. The pro perties had all been depreciated years ago. for! he was astonish that they should have been written up agen. Dil the In the past it has been customary to Council believe that the Bank would go. apply the whole of the year's surplus to sider the Polie Station (Lot 73) as valu- depreciation. operation characterised able security for kay $25,0X, hot two thirds of the value as shown in the position secounta Whilst the immediate

by our Audit "staventv."

is quite healthy it is abvious that slepreci Mr. BROWNE thought, that, in view of ath will ceer and must be provided for the nature of the Council's title to the out of rates if the present position is to Polien Station lot, the bricks and mortar be maintained or even improved on.

were the only value that the property had

To do so the income must be increased and that the valuation of $35,000 was by about 12% if the nuditor's recommen dation is to be carried into effect. The

Dessiva

reply to H... Consul General, Mr. analysis of accounts bas further disclosed Bosn stated that the valuation had been to us that if the water-works are to be made by the Council's architects who con- treated as a self-supporting undertaking sidered that the property had been over- and to pay interest on its share of the depreciated.

capital borrowed, it should produce about The Acousta and Report were then put $8,000 more revenue. In other words, the to the meeting and passed. excess-water ryte should be 90 cents instead of 60 cents,

(Continued on page 5.).

1924

READY

TO-DAY

THE

DIRECTORY AND CHRONICLE

CHINA, JAPAN, BRITISH MALAYA, INDO-CHINA, SIAM, PHILIPPINES, NETHERLANDS INDIA, ETC.

год

1924

SIXTY-SECOND YEAR OF PUBLICATION.

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AF "EXTREMELY

Writing from Singapore, under date March 31st, 1922, Sir Godfrey Thomas, Private Secretary to H.R.H. THE PRINCE OF WALZE, wys:-

SIE,- beg, to acknowledge the receipt of your letter of the 23rd instant and am desired by the Prince of Wales to thank you for the copy of the 60ih anual, edition of "THE DIRECTORY & CHRONICLE FÖR CHINA, JAPAN, THE STRAITE SETTUEMENTS, ETC, ST.," which His "Boyal Highness has been pleased to accept, and which will be extremely useful during the remainder the tour.

Yours faithfully,

GODFEET TECMAB, The Managing Director,

(Private Secretary.) HONGKONG DAILY Press, LTD., BORGKONG.

From 15th till 31st March

MADAME FLINT

Who is leaving for France early in April, will hold a

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