1926-07-09 — Page 3

Page

THE

UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel""Central 238-

SOLE AGENTS FOR

"PUDLO"

Makes Cement Waterproof

“FEUSOL”

The Immovable Fire Coment

3, Queen's "Buildings

ANCHOR BRAND PURE MANILA ROPE.

"THE CORDAGE YOU CAN TRUST,"

MARINE BUPE

ARANSMISSION

OF POWER BOPE

CABLE LAID

HAWSERS

·WELL DRILLING

CABLES

THE HONGKONG DAILY PRESS, FRIDAY, JULY 9TH, 1926

BRITISH NATIONAL INCOME.

EFFECT OF DEPRESSION.

FALL IN WAGES AND PROFITS,

How greatly the prolonged trade de pression has reduced the earning power of the nation is apparent from`s com- parison of the figures relating to the national income in recent years, given in the annual report of the Inland Ra. venue Commissioners. While in the seven years 1914-15 to 1920-91 the gross amount brought under review for in. come-tax purposes rose steadily from £1,238,313,397 to £3,477,058,068, in the succeeding years the total continuously declined, and in 1924-25 was estimated to amount to £2,000,000,000. The exclusion since 1929-23 of the Irish Free State affects the later figures only to a small axtent; the actual difference in that year amounted to £69,549,100.

The fluctuations in gross income since 1914-15 are shown below:-

1,238,313,397

TOTELS

1915-16

1,322,684,843

1910-17

1,689,724,028

ESTABLISHED 1854

1917-18

1,987;063,911

EUPES OF ALL

1918-10

2,445,655,311

1919-20

2,970,604,036

SIZES FOR ALL PURPOSES

1920-91

3,477,058,268

1921-09

3,214,823,695

1999-94

3,082,150,214

1993-94

3094-25

2,918,620,767 8,000,000,000

YNCHAUST

RODE

FACTORY

MANILA

MADE, FROM PURE MANILA HIRMP

-MANUFACTURED

BY THE MOST MODERN MACHINERY,

STOCKS ON HAND OF ALL SIZES] ENQUIRIES SOLICITED

FACTORIES—MANILA,

HONGKONG OFFICE:

KING'S BUILDING. TELEPHONE CINTA 8185.

A.F.B.

CITY HALL.

JULY 13th, 19th, and 21st. BRICK MORSE'S

CALIFORNIA COLLEGIANS

The World's Greatest College Entertainers.

10 piece Jazz Orchestra.

Male Chorus of 20 Voices

Instrumental and Vocal Soloists Snappy Novelty Acts.

Clever Comedy Artists.

Booking now open at Moutrie's.. Prices $3, $2 & 81,

LEE

GARDEN

[3740

The Big Amusement Park at East Point.

OPEN AIR BALLET

THREE NIGHTS ONLY.

TO-DAY

until

SUNDAY

9.15 Each Evening.

Prices: $1 and 60 cents (including admission to Grounds). Soldiers and Sailors: 60 cents to First Class Seats.

MURA SHIPOFF ART BALLET CO.

INCLUDING

The Incomparable Baby Pavlova Kaka (her brother and partner)

M. Geo. Surmi ('Cello Soloist)

Orchestra from Band of I/E Surrey's

(By kind permission of C.O.)

A Delightfal Evening's Entertainment in the Open Air. Weather Permitting

Trams run every few minutes.

Ring 0 2244

13767

* Estimate.

“MEMORIES.

The golden butter cups are here, The sun is shining through The weeping willow near the weig Where I did wait for you..

The stream is gently flowing through The meadow be the mill, Where so gladly walked with you When all was quiet and still.

The wooden bridge I cross again, And gare into the stream, Then wander down the Roman lane And hear the night owl scream.

The primroses are all asleep, Not waken at my trend, They do not know how long I weep- Or know that you are dead."

our faithful cocker at my heels Sniffa at the stile and sighs; I know the little beggar feels, I see it in his eyes.

•

And when the lark shall sing its song, and day is or the wane, I'll walk those loving haunts along And live my youth again.

C.-H. S.

WOOL MILLIONAIRES...

THE TEXTILE TRADE IN YORKSHIRE.

"Bogged in a morass from which it seems impossible to extricate it," was the description of the present situation of the cotton industry in the presidential t-address by Mr. F. W. Birchenough at the Cotton Spinners' Amalgamated Ope- ratives' Association annual meeting.

In 1924-95 exemptions and reductions, including incomes below the taxable limit, brought the estimated total down to 42,310,000,000, and from this year, had to be deducted £120,000,000 in respect of earned income allowance, and £830,000,000 on account of personal allowances. The estimated net taxable income was, there fore £1,340,000,000, producing a revenae of $265,000,000. This figure represents a yield of £4,910,000 per penty of tax, and an average effective rate por & of income of 28. 34d. The number of persons with incomes above the exemption limit was approximately 4,700,000 against 5,075.000 in 1829-23), and of these 2,300,000 were entirely relieved of tax by reason of Hence the abatements and allowances. number of actual taxpayers was approxi mately 2,400,000. ...

Further light is thrown on the effects of the boom conditions which followed the Armistice and of the subsequent slump by the detailed figures for the various in- come-tax schedules. Gross income from lands and houses, Government securities, aud Government, corporation, and public company salaries was higher in 1924-29 than in any year since 1914-15, but, in- -come-derived from businesses, profes

sions, and employments (including week- ly wages) and from farming operations has largely and for the most part con- sistently declined. Appended are the de tails in respect of the last-mentioned classce, of income from 1920-21 onwards, the figures for 1924-5 being estimates:

£

Farmers BusinMAKEN, Weekly Profits. Professions, &c. Wage carner 1920-91 ...98,950,000 1,441,319,733 944,789,597 1991-32...38,850,000 1,663,410,064 690,388,035 1922-23.61,200,000 1,318,601,428 380,690,881 1923-24.49,500,000 1,328,748,127 328,173,860. 1994-95.49,000,000 1,325,000,000 311,000,000 LESS FROM SUPER TAX.

At the General Federation of Trade Unions Mr. Dover said the financiers' speculative madness was strangling in- dustry, but Mr. Birchenough strongly criticised the last great lock-out in the woollen and textile industries, and al- eged for, the proportion of population there were more millionaires in Brad ford than elsewhere in the kingdom. Their millions were made out of raw manufactured wool.

EXCHANGE RATES.

(BATINE WIRELESS SERVICE.]

Paris Brussels Amsterdam Berlin

Copenhagen

Vienna Helsingfors. Lisbon Buenos Aires Shanghai Yokohama New York 'Geneva Milan

Stockholm

Oslo

Prerit. -Madrid

Rio

Bombay

Silver (spot) Silver (forward)

In the case of super-tax only estimates are available from 1920-21 onwards, but-Hongkong- here also a decrease is indicated. For 1923-24 the total of the incomes-assessed. is put at £304,088,884, and the number of persons chargeable, at 87,375, compared with £568,300,148 and 91,451 respectively. for 1921-22 The distribution of incomes iiable to super-tax in 1923-24, as zemessed at April 30th, 1925, is set out below:

Total Persons Not

Charge- Incomea Exceed-

able. "Assessed.

RUGBY, July 7th:

181

12.11 3/16

18.35 34.42 193

What's Sauce for the

Goose

should be Sance for the Gander

the Joke But Wifey does not quite see

YOU

WILL·

ENJOY

EVERY MOMENT

OF

LIGHT:

COMEDY

KISS

ME

OF THE

YEAR

AGAIN

SUCCESS

The who preferred Laughter to Lawyers.

LUBITSCH MASTERPIECE. AN ERNST

entertaining Story of a Husband

FRIDAY

SATURDAY

At 2:30,

QUEEN'S 6.16, 7.15

and 9.15.

The One British Film to date that has become Immortal

COMIN' THRO' THE RYE

with Alma Taylor

WITH A SPECIAL MUSICAL SETTING. AND AN AUGMENTED ORCHESTRA.

NO INCREASE IN PRICES.

TO-DAY & TO-MORROW,

At 5.15 and 9.15 p.m.

THE STAR

HONGKONG STOCK EXCHANGE Betler than a Letter

Do.

ING QUOTATIONS.

JOLY 8TH, 1990:

$1,100 bar.1,110- bel, 1,105/8-re. £182 sel, & sa. £204 bay.

Mercantile Baux, A. & Bij nom.

East Asia Bank sumig

.......13 BJEL

£34.bay.

$83. nom.

hom.

Bangbang Bank-

2.17/92 15. 12/89 2/11

·1/11

London... Chistered Bank......

"

Do.

4.66.13/32 20.114

F. & O. Bank

-141-15/16

18.13

92..13

104.

30.47

† 27/09 1/5.15/18

2/3 30 1718 301

Douglasee......

H.K, U. & M. Steinbonza

MORTGAGEE.

BY ORDER OF THE

PARTICULARS AND CONDITIONS

OF SALE

OF THI

·VALUABLE LEASEHOLD

PROPERTIES":

Canton Insurancs3540 Obins Und TSUNOLL" North China Lamance.... 145 nam Units Insurance 3 bay, 285 wa Yangtare Insurance 137 buy. China Fire Insurance

$200 buy.

Hongkong Nire Lusurance...365 buy,

Hongkong Tugs

Indo-Chinas (Fred.).

Da

(Det),

Shell Transports Litar Ferris Wsterboats.ser oblit Uhina Eugars uusis

MAKban bazars

Benguet Kalan Mining

Lengkate (combined) Do. (ingle) Shanghsalxderation Bhanghai Low

Bärbel

17.027 Bituste st VICTORIA in the Colony of Hong Tronoh

kour and known MA Noc 187– 7THIRD STREET,

Excced-

ing.

ing. £

2,000

2,500

2,500

3,000

40,690,245; 39,402,04414,301

20,877

*35000"

4,000

5,000

5,000

6,000

6,000

7,000

8,000

10,000

15,000

90,000

-35,000

25,000.

15,077,413 30,000

30,000

40,000

19,429,630

97415 5,062 .32,604,290

4,092 26,427,725 7,000

2,783 20,813,283 8,000

3,752 33,448,804 10,000

52,825,768 4,333 15,000

3,828 31,414,356 20,000

021 20,490,158

653 667

40,000

50,000

$3,287,

598

50,000

75,000 19,165,043

318

75,000 100,000 100,000,

9,070,120

105 174

Totals

that

92,074,798 504,006,854 · · · 27.375

To-BZ.BOLD BY

·PUBLIC AUCTION "

TUESDAY THE 13TH DAY OF JULY, 1926,

AT 3 O'CLOCK PH

AT THE

CHINA AUCTION ROOMS,

4, DUDUELL STREET, VICTORIA, HONGKONG,

HT

Armes

HK. & K. Wharfs

H.K. & W. Docks

Kongkowi

New Engineerings...

Shanghai ok....

$20 bay. $261 nom

120 bay.

* nom

f. nom..

„.91/- nom:

Boof nomi

$15 nom.

$241 bay.

$34 nom.

$ig nom.

41. nom.

11. 23 L

Tis. 12) bay.

Min. Bź Komu

„Tle. 7 nom.

135 selimme

60/- pont."

454 bay.

„Tia. 170 buy.

****** Tis, 5 bay... dialus bay.

HK & H. Hotels$10.95 buy..11/11.05

Hongkong leads.

Hongkong Healtys

1.K. Territoriala H.K. Developmanta... Humphreys Estates Prince's Buildings, Tenda Burak Kwo Lattons Orientale

Do

35 nom

Send Snapshots

to your friends.

You take the Photo,

We do the rest.

Photographic Supplies

the best quality.

MING YUEN STUDIO.

Battery Path

No. 14, TOP FLOOR, BEACONSFIELD ARCADE

Hovezana- & Brikomat Bank.

TELEPHONE No. 4310,

•for beat

(103

Welcome Visitor

#ut any

time in.

every

household. Every

8651 buy., 68 sa

$5.50 buy.

KRITIKA

15 cta, vol.

$143 bay. „190 sal

Bag, Flea, Beetle,

Moth, Fly, etc., diss

once it has come into

Tis, 270 nel Shanghai Cottons (old). The 63 bay.. Ta, 28 buy: „TL:10) bay.

164 buy.

7.00.nom.

Dow

Bingapore Tractions

(old)

..$7) nom..

14 nom. $13 nom.

Cantan ices

Ma, E. V. M. B. DE SOUZA, Auctioneer, The Properties consist of all those Pieces or Parcels of Ground situate at Vicron in the Colony of Hongkong and knows and registered in the Land Office as the REMAINING Of the total of 105,947 estates in Great PORTION or SECTION A or INLAND China Buses

Hongkong Tramways Britain liable to estate daty in 1994.25 TOT No. 683 the REMAINING PORTION as many as 28,205 did not exceed 2300 OF SECTION R OF INLAND LOT No: Peak Trains (old) gross value, 15,958 were of values between 689 AND SEOTION G OF INLAND LOT amount and £500, 25,754 more did No 683, together with the Erections and

A, 70, 704 Tams..... not exceed £1,000, and 96,855 were of Buildings thereon known as Now: 68,

Unexpired amounts between $1,000 and £5,000. A and 7 THIRD-STRELIL

The Properties are held for the the other end of the scale was one estate Residue of the Terms of Nine hundred and valued at over £3,000,000, seven were ninety-nine years, and Nine hundred and of amounts between $1,600,000, and ninety-nine years from the 25ta Jusa, 1861; £2,000,000, five were between £1,000,000 and the 25th NovEMEZA, 1881, respectively China Lights (combined) and £1,600,000, and seven between created by Two several Indentures of Crown £800,000 and £1,000,000. The net capital Lease dated respectively the 30th Nov. valse of all estates liable to duty was 1881, and the 20th JUSE, 1881, and made be China Provident,

Swoon HES LATE MATETT QUEEN VICTORIA Contractions £461,135,377,

of the one part and DELFINO NORONHA

Dairy Farms of the other part and Hex Late MAJESTY Der & Wings QUELE VIUTORIA of the one part and Hongkong Electrics CHOW A TUCK and CHUN A HANG Ectrics

H.K: Hopes (combined of the other part respectively.

Do

Mr. Thomas Prentice, of Symington, Lancashire, and West George Strest Glasgow, the Scottish shipowner end West Indian sugar merchant, left estate valued at £649,502, on which the estate duty will amount, to more than £180,000 The sum includes £496,457 in Wax LM and nearly £68,000 in bonded whisky. Mr. Prentice was chairman and mapag ing director of the Trinidad Estate Co Ltd. and was formerly president of the Glasgow Steamship Owners Association

Total Annual Crown Bent: $18,086 Total Arm: 2,888 Equare Feet.ya

For Further Particulars, Apply to

JOHNSON, STOKES & MASTUE,

Mertgiges's Bolicitors,

MR.

OR TO

MB DE BOUZA, Auctioneer,

1924

18733

Csilents.(combined).

Do

Laos Urawford Mackintos

Läsa)"

in

(old)

United Kabertos. Watroon (old) Wm. Forelle

proper contact wit

KEATING'S

#$id; nom.

$12 pom 46.05 bay.

BOARD OF CONSERVANCY WORKS OF KWANGTUNG.

Waterlevels (in Englih Fert) at 8 sm

Place of Observation.

1925

$18 bom.

DAFED

Shinking,

Tringynen,

·N, Riyar” "Kamahul, N, RIver Bheklang

Biver

410

28.7

273

33.1

July 7th

+ 8.4 48.B

60+918 +1224

+16.

$15.84 18 LKP pp. Engineer-in-Chief-