1926-05-27 — Page 3

Page

SPECIFY,

S. K. F.

BALL BEARINGS

ON ALL MACHINES YOU ORDER.

We can supply Bearings for all kinds of. Machines,

POWER SAVING. NO HOT BEARINGS.

SELF ALIGNING. REQUIRE LESS ATTENTION.

THE UNITED ASBESTOS ORIENTAL AGENCY, "LTD. BOLE AGENTS FOR HONGKONG. „

Tel. Central 136

THE HONGKONG DAILY PRESS, THURSDAY, MAY 27TH, 1926

Address : 1, Queen's Huildings.

ANCHOR BRAND PURE MANILA ROPE. *THE CORDAGE, YOU CAN TRUST."

MARINE RUPE

TRANSMISSION

OF POWER ROPE

CABLE LAID

HAWBERS

WELL DRILLING

CABLES

ESTABLISHED 1854

CHAUST

ROPE

FACTORY

MANILA

69

RUPES OF ALL SIZES FOR ALL PURPOSES

MADE FROM .FURE 'MANTLA

HEME

MANUFACTURED

BY THE MOST ·

MODERN MACHINERY.

STOCKS ON HAND OF ALL SIZES) ENQUIRIES SOLICITED

HONGKONG OFFICE:

FACTORIES-MANILA, PL

KING'S BUILDING. TELEPHONE CENTRAL 3165.

A.P.B.

GAS

FOR COOKING

saves

Labour and Money;

means

Better Cooking and"

Greater Cleanliness;

an always

Willing Servant.

Che Smoothtop Gas Range

In three sizes, merits particular attention.

HONGKONG & CHINA GAS Co., Ltd.

Showrooms: West Point. Tel. C. 7. 16, Des Vœux Road Central. Tel. C. 4704.

ASAHI BEER

SPECIALLY BREWED FOR EXPORT)

DAI NIPPON BREWERY CO.

LIMITED.

TOKYO JAPAN

[A.P.8.]

BOLE AUENTS:

MITSUI BUSSAN KAISHA LTD.

HONGKONG

TH

MARKET CONDITIONS IN JAPÄN.

MONTHLY CABLED REVIEW. ·

5%

HOW THE BETTING TAX WORKS. SUCCESS IN NEW SOUTH WALES.

[BY AN AUSTRALIAN: }

The Japanese Consul-General in Hong- kong has received the following.. cable reviewing the commercial ennditions in

Lord Eonstale bas expressed the opinion Japan during the past month:

that it tax on betting is passed, the The foreign trade of Japan in April | Act will break down in the first year. showed a decline of Ten 23,000,000 in the This is exactly what the dpponents of export of silk, cotton piece-gooda, eta tax on betting said in New South and of Yeu. 50,000,000 in the import of Wales in 1918, when the Holman Govern raw cotton, four, etc.

The market is ment discovered this novel form of rais. dull, owing

the sudden jump of the ing revenue. They also said, as the op- exchange and there is no special factors ponents of the tax are saying here, that of a favourable nature. However, the demand abroad is expected to increase thoroughbred industry, and that the a paralysing blow would be struck at the gradually owing to the fall in price. faport of-racing would suffer a fatál set-

The exchange on New York jumped up back.

to 474 on April görd but afterwards proved Let us examine these arguments, in the top heavy and it was cut down on lay light of what has happened in New 4th and again on May 5th and 6th.South Wales since the tax came into force Owing to the increase in exchange rat ten years ago. the price of commodities such as, sük. rice, cotton yara, etc., has dropped to the levels in March 1915,

The Stock market, sympathizing with the decline in price of commodities, als slumped and the money market showed a dull tone. The strike in Englund had 'no marked effect upon trade.

TRADE.

Foreign trade of Japan during last month:

41

The outstanding fact is that although

more than £4,000,000 had accrued tå from the taxation of betting up to the (successive New South Wales Governmenta end of 1994. never has prize money been bigger, competition krener. racing on a higher level, or attendances greater in the State than they are today.

(a) On racing clubs.

Ľ

(b) On bookmakers...

(c) On betting tickets.

Value of exports 168,000,000 yen. The tax on betting tickets, which every Value of imports ..... 241,000,000 yen. bookmaker is compelled by law to issue Excess of imports... 74,000,000 yen. to cash betters, was, under the original Trade with China during last month: Act, a penny in the Saddling Paddock, Value of exports..... 4,000,000 yen. and a half-penny in the Leger and Fiat. Value of imports 23,000,000 yen. In 1917 these rates were doubled, and in Excess of exports 11. 1292,000,000 yen. 1890 the tax on betting tickets in the Proposed Capital of Industrial Prome-paddock was increased to 34. tions and expansion during last month according to the return of the Bank of In 1916 the revenue from the stamp Japan: 143,000,000 yen. "

duty on betting tickets for cash trans- Amount of honds and storks issued factions was £27,638. How it has grown during last month according to the is clear from the following table- return of the Hypothee Bank of Japan: 150,000,000 yen.

MERCHANDISE.

Silk prices already reached the Inwest levél, and are showing renetion

Quantities of raw silk exported From both Yokohama and Kohe daring the last month: 23,100 bales.

Quotation of raw silk forward delivery on Yokohama Silk Exchange on 10th of this month, 10% yen 40 sen.

Price of Halutae, Echizen, at Yoko- hama spot delivery: 15 yen 30 sen.

Output of cotton yarn during the last month according to the Japan Cotton Spinners! Association return: 990,000 bales.

In 1917

.. 1928

1510

1920

.. 1921

..1522

1023

1024

UEEN

SUPER

CINEMA

TO-DAY Till SATURDAY

TO-DAY & TO-MORROW At 9.15 EXCEPTED.

FRED NIBLO'S

PRODUCTION

THE RED LILY

WITH

RAMON NAVARRO

A METRO-GOLDWYN PICTURE

A STORY OF BRITTANY AND PARIS

.

TO-DAY At 9.15

MR. R. B. SALISBURY

PRESENTS

"THE QUAINTS"

No. 2 PROGRAMME.

TO-MORROW A 9.15

£10,849

57,39 L

5-1.840

87,504

96,373

FAREWELL

100.006

100,550

108,689

This gives a total of £550,173, which hardly indicates a breakdown in the scheme.

The tax on bookmakers, works in this way. Each bookmaker must make out a monthly return to the New South Wales Government showing the total bets re crived. and this must be accompanied by a cheque for the amount of the tax. Quantities of cotton tissues exported Since 1916 the revenue from this taxation during last month according to the reof credis betting, up the end of 1924, ports of the Japan Cotton Yarn und Clotbes Exporters' Guild: 79.4421,000 sards.

Index number of wholesale prices in Tokyo 38.91.

:

Amount of bills cleared throughout the country at the end of the month before last: 7,69,000,000, yen.

Merchandise in stock at the end of the month before last: 511,000.000 yen..

CHARTER MARKET. Freight improved, const wise active Trans-Pacific freight rate for lumber, $10.95.

15

amounts to more than £250,000.

The surprising thing is that all the bookmakers in New South Wales are in favour of the tax. One of them who was rently in this country (Mr. W, C. Aldritt, of Tattersall's Club, Sydney) told me that he was at less to under- stud why the taxation of credit' betting should not be feasible in this country.

If he said, the British Govern ment, after introducing the tax, found difficulty in dealing with recalcitrant or dishonest bookmakers, would it not be easy to stop their letters and telegrams, and,, if necessary, cut off their tele- phones? We are all in favour of the tax. MR. EDSEL FORD'S VISIT TO as it makes our business a clean and

ENGLAND.

honest one. The control exircised by the State on racing in New South Wales has

"

I WANT TO GO ABOUT WITHOUT eliminated the welsher

FUSS."

BAN ON CALLERS.

Mr. Edsel Ford, son of Mr. Henry Ford; of motor-car fame, arrived in London on April 1st.

and streng-

PERFORMANCË

NO! NO! NANETTE

PRICES-84, 82 & $1.

THE "STAR

TO-DAY AT 5.30 & 9.15

HOUSE PETERS

I...

"COMBAT."

BOOKING AT MOUTRIE'S

A CRICKETER'S YARNS, . WHEN MR. WARNER PLAYED IN

BROWN SHOES:

BATSMAN KILLED AT LORDS.

Mr. P. F. Warner, in a foreword to a

volume entitled "A Cricketer's. "Yarns,” by Richard Daft, calls Daft, who was born in 1935 and died in 1800,"the Palairet of his time, and says:

The first thing that strikes one is the change in dress that has come about. The talt hat had disappeared before Daft's time, but round pot hats were general at

Dalt Bookmakers'

thened the position of the reputable bookmaker. Bookmakura realised that control and tax are, in their own in terests. We are compelled to produce our bank-book and prove we are in strong financial position. clerks must also be licensed and mast show a clear record before they can

One of the first things that one notices obtain their permits."*

About Mr. Ford (writes an Evening Standard representative who visited

"All of which goes to prove that there Lord Lonsdale's him at his West End hotel) is his s no ground for

pessimism.. frank, unaffected smile.

The only well-known smile with which];

One can compare it is that of the Prince of Wales, who was entertained by Mr. Ford during his recent visit- to America.

CALLERS TURNED AWAY. They say that Mr. Edsel Ford's fortune amounts now to two hundred million pounds and that he is the second richest man in the world. His father is the first.

Like many rich men, he is extraordi- narily shy, and at the Lig hotel in which he is staying he and Mrs. Ford were inaccessible to almost everybody, although there were countless caliera.

They remained in their suite until their car arrived-driven by a chauffeur who had the name of the makers on his coat collar and then quickly drove off Mr. Ford had arrived just as the sun bad broken through the clouds of the morning, and he was looking forward to "an interesting day.

BUSINESS AND PLEASURE. "I have been in England before," he remarked, for I was over here when I was 20. On this occasion I am here most- ly for pleasure, but in the midst of it

I hope to see all of our plants in Europe.

I am going to Manchester and to Cork, and I also want to inspect the site at Dagenham.

"Yes," he admitted, "wealth has its embarrassments on's trip of this kind, and I want so far as I can to go about without, any fuss. I have had a good. time on the way over, and I hope to combine a little business with pleasure while..we are here."

"Does that mean you have any big developments in view 7"

"

THE HORSE-POWER TAX.

WHAT MINERS "STUDY. PSYCHOLOGY AND EVEN MINE GEOLOGY.

That the miner of to-day, while fond of sport, is also eager for knowledge, even of abstrace subjects, is fully indicat ed by the following figures, given by the British Institute of Adult Education

There have so far been 100,000 sten- dances, at lectures under the one-year- course scheme organized by the Miners! Lectures Joint Committee for the Yorkshire Miners.

that period.

THE WORLD

TO-DAY AT 5.15 & 9.15

'WANDA HAWLEY

LY

"RECKLESS ROMANCE"

HONGKONG STOCK EXCHANGE.

CLOSING QUOTATIONS,

MAY 26TH, 1926.

$1,100 buy,

.......£17 nom

Hongkong Bank.

Dow London Chartered Bank Mercantile Bank, A. & B... nom.

Do.,

F. & O. Bank...... Canton Insurance East Asia Back

£20) nom

....610 дом.

59+ nom

„483 nom. $600 buy. $1.90 bay. FL. 145

་་

*

Chios Underwriter North China Insurance ...... Union Insurance 286 buy., 289

......137 bay. Yangtze Insurance.... China Firs Insurance $180 buy.

Fire

insurance...$360

**560 bay, O. & M. Steamboata 10,824) bụy, Hongkong Tags

„#2} sel. Indo-Chinas (Fref.)

Do (DEL) Shell Transports Star Ferrias...... Waterbosta

soon discarded this type of handgear for a eap, but “Billy- cock hats were worn by many players long after he had discarded them.

Coloured shirts, too, were very com- non in his time, and black-and-white striped shirts were nearly always worn by the two great Notts bowlers J. C. Shaw and Fred Morley, the latter so indiffer-ina Sugars

Maisbon bagar ent a batsman that tradition asserts that when he was seen emerging from the pavi- Bear Mining An lion to bat the house at Trent Bridge use Langkas (combined) instinctively to walk between the shafts

Do. (single) of the roller!

Shangher plantions. "Nearly all cricketers, too, wore brown | Shanghai Linn boots instead of the white ones so univer-Baube sal to-day; and I myself remember play- Trosch Mines ing in the Rugby and Marlborough match Ural: Carpianis of 1889 in brown shoes" It was during | HK & K Wharts. the next season that everybody, even schoolboys, took to white boots.

H.K. & W. Docka Hongken............ Now fingineerings.... Shanghai Docks....

A. Hotele kong

Lands Realtys (4.p.)

H.K

Territorial (Ep)... Humphreys Estates...... Prince's Buildings.......

LORD'S BAD. WICKET, "The wickets in Dalt'i day were, of There are 320 courses, which include course, nothing like so good as they are "terror." now. Lord's, indeed, was a lectures on

and it was at Lord's in 1870 that Daft himself came in with a towel wrapped round bis head after Summers, the Notts Rural Lands. player, had received so terrible a blow Ewe Cuttons ........... on the temple from a fast-rizing ball" Oriental from Platts that he died a few days Bhanghai Cotions (old) later."

History Economies. Music. Deama.

1J

Literature. Psychology, Hygiene. Coalheld Geology. "It is hoped this year to inaugurate scholarship scheme to enable working miners, their sons or daughters, to en-

Dalt tells us of the days, when the joy the full benest of university life with bowlers were allowed to select the wie complete freedom to choose their study kets to suit their own bowling. The Between 600 and 700 miners attend the early laws enacted that: "The party which three year tutorial classes organized by goes from home shall have the choice of the Workers' Educational Association. the janings and the pitching of the wichins Tights (combined) which are run jointly with the Extra-kets, which shall be pitched within thirty Mural Boards of Universities. The stan-yards of centre fixed by the adver dard aimed at is that of the work for sarien."

an honours degree at a university.

DIVIDENDS DECLARED.

GENERAL ACCIDENT FIRE AND

LIFE ASSURANCE,

By 1816, however, the rule had become "The umpires in all matches to pitch fair wickets, and the parties to toss for the choice of innings.”

Here is one of several good umpire

stories:

Do. Amusemsute Canton Ices

mente (combined)

Do.. (ald) ..... Do. China Buses

(ald)

(Raw)

China Providents Constructions Dairy Farms

Der A Wing (t.p.)..... Hongkong Electrics Macho Electrisa HK. Developmenta ELK Hopes (combined) A country umpire, when bis own side ..Dio (old)

"Do. were batting, gave a man in who was palpably caught at the wicket. The Hongkong Tramways

told the umpire ne Lans Crawfords.. wicket-keeper

Mackintosha..... knew nothing whatever about cricket.

Taxis

Do.

The Directors of the General Accident Fire & Life Assurance Corporation, Ltd. No," was the reply. There cannot bare resolved to recommend the payment be any here until we have got at the of the following, dividends, subject to "The umpire, said little in reply, but Peak Trama (old) solution of the horse-power tax. A tax Income Tax a final dividend of 2 per presently, when the other side were in of £23, you know, is a very big drawback cent (making 6 per cent. for the year) on, and his friend the wicket-keeper was Bincares.... to progress."

the Preference, Shares, and a final divi- batting, the latter was appealed to" as Mr. and Mrs. Ford are not accompani- dend of 174 per cent on the Ordinary being run out, although it was plain that ed by any other members of the family. Shares (making as per cent. for the year, he was well in. "Out!" shouted the They have three children, two boys of an increase of 21 per cent on the Ordi-ampire, and added, looking savagely at six and four years respectively and a nary Shares compared with last year's the batsman, I teach you whether I little girl seven months old.

dividend), both payable on May 1st, 1926. know owt about cricket or not.?"

led Asbestos. Watsaus (ald) Win, Powells. Singapore Tractice Jenybuyers; ́ ́ sel.

Su nom

$48 num. ..87/6 nom.

$14 bay..62 sel. ..$16 nom.

..$24 nom.

..$13 bay.

$35 ppm.

-bay. 24 buy.

Ths. 12, buy,

Th. 7 nom.

.65 Dom

BUT..

BOL. $55 nom. Tha. 183 bay. Tis. 5.90 nom. T 106 nom. $10.40 buy.

קל

$54 bay.

5 nom

395

bay.

ביםם

'Th. 10 nom.

Tla. S nom.

Tis: 63 buy, Tie, 28 bay,

BOUL. $7 nour 1st sel.

..18 nom.

$18 nom.

fl. 11.30 buy.

$184 buy.

.19 buy... $520 nomi.

nom

19 sel

$64 buy.

140 nom...

sta. nom.

$30 sel:

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101

„19) nom.

417, buy.

28

12.66-bay.

85h vol.

nam.