1926-08-31 — Page 3

Page

Foamite Firefoam

THE MOST EFFECTIVE FIRE EXTINGUISHER.

·BOLE-AGENTS FOR HONGKONG AND SOUTH CHINA.

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel Central 238,

2, Queen's Buildings..

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

MARINE RUPE

TRANSMISSION

OF POWER ROPE

CABLE LAID

HAWSERS

WELL DRILLING

CABLES

́ESTABLISHED=1854-

USTI

ROPE

FACTORY

MANILA

ROPES OF ALL SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA HEMP

MANUFACTURED

BY THE MOST MODEEN MACHINERY.

STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED

HONGKONG OFFICE:

FACTORIES:-MANILA, PI

KING'S BUILDING. TELEPHONE CENTRAL 3165.

CAFE

A.P.B.

THE HONGKONG DAILY PRESS, TUESDAY, AUGUST 31ST, 1926

RESTAURANT

PARISIEN.

"The Rendezvous of the Elite."

THIS WEEK'S PROGRAMME:

TUESDAY

MUSICAL TIFFIN-1-2 p..

$1.25 per cover.

SPÉCIAL (Cassoulet Toulousain).

TEA DANSANT-5.7. p.m.

DINNER DANSANT 8-12 midnight. $1.50 per cover.

WEDNESDAY

MUSICAL TIFFIN-1-2 p.m.

SPECIAL (Ganguis au Gratin). TEA DANSANT-5-7 p.m.

$1.25 per cover.

DINNER DANSANT-8-12 midnight. $1.50 per cover.

THURSDAY

MUSICAL. TIFFIN-1-2 p.m.

SPECIAL (Chicken Pie).

TEA DANSANT-5-7 p.m.

$1.25 per cover.

DINNER DANSANT 8-12 midnight. 31.50 por cover.

FRIDAY

MUSICAL TIFFIN-1-2 p.m. $1.25 per cover.

SPECIAL-(Choucroute Garnie).

TEA DANSANT-5.7 p.m.

DINNER DANSANT 8-12 midnight. $1.50 per cover.

SATURDAY

MUSICAL TIFFIN-1-2 p.m. $1.25 par cover.

SPECIAL(Bouillabaisse).

TEA DANSANT-5-7 p.m.

CARNIVAL NIGHT

SPECIAL DINNER-$3 PER COVER

NOVELTIES.

KINDLY RESERVE TABLES IMMEDIATELY.

NOTE: The Cafe and Lounge are Open Daily

From 8 a.m. to Midnight,

TRADE WITH CHINA. »

TEXTILE POSSIBILITIES.

11

MR. "K. D, STEWART'S VIEWS.

Mr. K. D. Stewart, director of the Manchester Chamber of Commerce and hoh. secretary of its China and Far East section, has returned to England, after spending nine months in China as British delegate in the international con. ference on the tarifl question. The con ference has not had any deɓnite result so far, but Mr. Stewart says it has been the means of removing a good many mis- conceptions. He is impressed by the fact that the potentialities of business in textiles of, all kinds in China are enor mous, and says that country should be doing ten times as much trade as it is doing. At present, however, the civil wars make trats exceedingly discut, and China is slipping back into the deepest state of barbarism it has ever "Fenched.

It is all very sad, both for China and those who under & settled state of affairs, would gladly supply the goods that are needed and assist in such A development of the country's resources ns would lift the people on to a higher social plane. Intervention, however, is out of the question, and it is to be feared that even good advice will not be wel comed until the rival military factions have settled the differences and re- duced the suspicions of foreigners that

exist.

BOOTLEGGER TO PAY INCOME TAX.

ILLICIT PROFITS NO DEFENCE.

*A COMMON-SENSE JUDGMENT,"

The Judicial Committee of the Privy Council, presided over by Viscount Hal dane, have given their decision in an appeal by the Canadian Minister of Finance from a judgment of the Supreme Court of Canada reversing the decres of the Exchequer Court of Canada uader which a garage proprietor, Cecil R Smith, of Windsor, Ontario, was found liable to pay £5,796 as-tax on an income of £19,404, representing proâts derived from trafic in liquor contrary to the provisions of the Ontario Temperance Act, 1916.

Smith stated that he had been bootlegging since 1916 and that hë had been penalised by fines several times. Viscount Haldane said that their lord- ships were of opinion that the profits in question, although by the law of the par- ticular province illicit, came within the meaning of the Dominion Act. -did- not seem a natural, construction of the Act to read it as permitting persons who came within its terms to defeat taxation by setting up their own wrong. Their lordships would advise his Majesty that the appeal should be allowed.

THE INTERPRETATION OF RE-

LAW.

By deciding that a bootlegger, though engaged in an illicit trade, is yes subject to income tax, the Judicial Committee of the Privy Council have acted with sound common sense, comments the Daily

"Mail-

Sperking to a Financial Times repre It may seem at first sight illogical that sentative, Mr. Stewart said: "The whole Government should permit itself to of China is now broken up into divisions, benefit by a man's illegal acts, but it which may be said to be in a state of would be much more illogical if a man civil war against one another. Just at should be enabled to evade taxation by the moment there are two cases where proving that he was conducting an illicit there is a certain amount of internal trade. That would merely act as an in- pence. One in the provinces round eitement to law-breaking, and would re- Shanghai and the other in South Man-ault in putting honest traders at an

unfair disadvantage. churia."

So far as Manchuria was concerned, The courts are right in treating the Mr. Stewart thought Japan bad too various nice points in connection with strangh hold for Lancashire to have income tax along lines of broad common much hope in that direction: Present senau and in seeing that substantial conditions round Shanghai enabled a fair justice is done. At the beginning of this volume of trade in Lancashire goods to year a London street bookmaker, who be done, but even that district was in a had been fined for carrying on an state of unstable equilibrium," and he illegal occupation and assessed for in- would be a bold man who would prophesy come tax as well, was informed by the that the present state of peace would Marylebone magistrate that street book- last for an indefinite period.

nking was illegal for certain par poses and legal for certain other pur- poses."

At present about 30 to 40 per cent. of the imports of Lancashire piece goods were consumed by 10,000,000 Chinese, who were protected under Treaty Port conditions, while the other 290,000,000 consumed at the most the balance of 80

o 70 per cent,

With Biything like reasonable security fear brigandage and wily exactions, and with couimunications decently protected, there was no reason why Lancashire

es." That interpretation of the law, though apparently self-contradictory. nevertheless suited the facts of the case rty well. If people choose to make their living by breaking the law. that is absolutely no reason why they should be put in an advantageous position with re- gard to their income tax.

trade should not find in China a market HONGKONG STOCK EXCHANGE. many times larger than it was at pre- scat.

HONGKONG IMPORTS.

FORTNIGHTLY REPORT OF CHAM BER OF COMMËRCE. The fortnightly price current and market report published by the Hong. kong General Chamber of Commerce,

COTTON PIECE Goons and Fancy COTTON Goons:-Market dead. Nothing doing Both Eg. Sakel, and Mid. Amer. cotton prices show an appreciable advance since bur last report. The latest quotations being those of the 28th inst. 10.203. and 10.160. spot" respectively.

COTTON YARN-Since our lost report this market has ruled very quiet and no business to speak of has taken place.

Quotations are purely nomina!:-No. 1-109-at-8245-to-8170; No. 128 at 3150 to $170.; No. 163 at 3170 to 8173; No. 20g at 180 to 8185.

Arrivals, 2,000 bales. Shipments, ail Sales, mil.

Unsold stock, 6,000 bales. Bargains, 0,000 bales.

WOOLLENS: No change to report. Raw COTTON-No business to report. METALS:-Prices unchanged and no business reported.

FLOUR MARKET :-Stocks: About 500,000. Market: Quiet Quotations (per sack): American Pateat, 24.20

American Straight, 83.50; American Cut off, 23.50; Australian No. 1, 23.70; Canadian Cut off 83.00 Canadian Straight, 83.08; Canadian Mixture, $3.00; Canadian Second Clear, $2.00 nominal.

SUNDRIES (Window Glass:-Market

dull.

Scot-Demand improving. SALTPETRE:-Stocks 12,000 bags. sales reported since. Inst circular market remains very dull.

11

EXCHANGE RATES.

(BRITISH WIRELESS BERVICE.)

Berlia

Copenhagen Vienna...... "Helsingfors

CLOSING QUOTATIONS,

AUGUST 30TH, 1920. Bongzong Bank $1,000 bay...1,100 sel Du." London...... .2126-com. Chartered Bank...! £201 bay. Mercantile Bank, A. & Bod £30 nom. F. & O, Baak. Esat Asia Bank.

Cantan Insurance

Ebay. .38+00

wy

Si nomi TH. 145 201

.835 bay.

nam.

China Underwriters...... North China-inearance Unoa lazurance Yunglaze insurance.... Chins Fire finarancs..........................$200 buy. Hongkong Fire Laurance3650 nom.

as bay Douglases.........

nom.

HK, O. & M. Steamboats...520) nom. Hongkong Tug*.... Indo-Chinas (Fref.)

Do (Del.), Shell Transports Star Fernes...... Waterboats..... China Sugars, Malabon Sugar

eng Kailan Mining Ad........ Langkate (combined)

Loans

Do. (single) Shangha: Explorations Shanghai Raubs Troneli Minas Ural Caspiana H.K. & K. Wharts.. H.K. & W. Docks. Hongkow .....................** New Engineerings, Shanghai Dooks.... H.K. & N. Hotels Hongkong Lands Hongkong Realtys (L.p.) H.K. Territoriale Humphreys Estates.. Prince's Building..... Heral Lands New Cottonr.

"

and

Orientals

changbai Cottona (oli)

Sju nom. $e nom.

Subuy.

Bij nom.

..336 nom.

..$1 zem

..4)/- nom.

Tl. 23 buy.

Tia, 12 nom. Tix. 5 sel

Tls..7.0m, $4, nom. ..74/- buy.

$115 el ..568+ bay.

Tla 174 bay," .Thế. 8,10 be Tha. 111 buy.

.310 rel

$60 nom.

$7; nom.. sei #813,60 sol,

399 BAL $14 bay. Tls. 91 nom.

Tia. 24 buy?

Tis. 67 buy.

Do. (now)......T. 27 bar.

Chine Bases

21

10 nom.

Hagkong Tramwaye ....... $234 дот.

Peak Trams (old)

Do. (new).. Singapore Tractions

Amusements Canton 'Ices" Camente (combized)

(old) (new)

Do. Lights (combined) Do (old)

Do. (new).

Constractions.......

Dairy Farms................

..$154 nom.

$7.60 nom

.12/ buy. ..43 sel.

$10 bay," ..87+ Bott

$13, nom. $12 nom ($1) nom...

$19 nom 3191

под

10 buy. ..$5.30 nom.

Der A Wings.................... Hongkong Electrics

Paris

Rugay, August zath.

1851

Brussels ... Amsterdam

175.5/18

12.111

20.331

-18.27

China

*31.30

192.117/18

China Providents (old).....

Lisbon

2.33/64

$2+ nom."

Buenos Aires

453

..$154 del

ON SALE.

▶OUND VOLUMES of the HONGKONG

BWEAKLY PRESS, July to December

19225,

With LaDEX, Price-$7.50,-

On le at the Hongkong Daily Press Offles.

ZER NEW FERRGH ZAINT

THERAPION No. 1" THERAPION No. 2 THERAPION -NŐ. 3

#s, 1 for Bladder Chahtera. X5. ler isend a mea Distres. Bo. 8 for Okeands Walzsamot, BOLD ST GRANTO GENCIES, PANCH SE MORAR, M. Da. La D. Ma Da, Havacmock · Ada, MW, LastON, O SEAS 80, Huwenan Be Way To Or, ci st Sérat Becket' 4 utasemeo"

Shanghai

Yokohama New York Geneva Milan Stockholm Qalo Prague Madrid

Rio Bombay Hongkong Silver (spot).

Silver (forward)

[128

2/01

1/118

4.85.3/10

25.13

148.5/10

Do

18.143

Da

Miculo Electrias ................$35 20, H.K. Ropes (combined) ................

(old) (now).

325 sel $10 gel. ..45 sel.

22.142

1834

31.17

Lase Orawfords... Mackintoshs.. Sinceres

489, nom.

„$19) nom, .

Sii nom..

7.9/16

United Asbestos

J2V nom.

1/5:31/39

Watana (old)

9/3)

28.13/18 29.15/16

Wm. Powells...ignane

ny-buyor; wellers-enfa

$18 noin.

$6 zum

202.nominal

QUEEN'S

TO-DAY At All Shows, TO-MORROW AL 2.30, 5.15 & 7.15" p.m.

VIOLA DANA

IN

IN SEARCH OF A TARILL.

WORLD

MATT

MOORE

IN

TO-DAY ONLY

"AT ALL SHOWS.

DOROTHY

DEVORE

HIS MAJESTY, BUNKER BEAN.

STAR

CONTINUOUS

5.30 to 11.15 p.in.

TOM MIX

IN THE

DEADWOOD COACH.

They Start To-morrow; Book Your Seats NOW!

A STROK PRISENTS

RUTH St. DENIS, TED SHAWN

AND THE

DENISHAWN DANCERS

IN THE GREATEST TERPSICHOREAN TREAT

EVER PRESENTED

THE COLONY.

TO

FOR FOUR DAYS ONLY.

COMPLETE CHANGE NIGHTLY.

Wednesday to Saturday, September 1st to 4th, At 9.30 p.m.

QUEEN'S THEATRE.

KIĘ TRADE MARK ON

-EVERZ BOTTER.

NEW ARRIVAL LYSOL

THE ONLY GENUINE QUALITY MADE MARK OK

XVERY DOTES.

MANUFACTURERS AND PATENTEES

(The Original Makers)

SCHULKE & MAYR ANG HAMBURG, GERMANY.

OBTAINABLE AT ALL LEAPING DISPENSARIES.

THE CANTON TRADING ASSOCIATION, LTD.

BOLE AGENTS.

5TH FLOOR, CHINA BUILDING.

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