MARTELL'S BRANDIES!
V. S. O. P.
BOTTLED IN
COGNAC AND
GUARANTEED
THREE STAR
PURE GRAPE
BRANDY
V. V. E. S, O. P.
MARTELL & CO."
SOLE AGENTS ---
GANDE, PRICE & CO., LTD.
WINE & SPIRIT MERCHANTS,
ST. GEORGE'S BUILDING, Icx House STXLET, TEL. 0. 195.
HONG KONG.
DAILY SHARE QUOTATIONS.
HONG KONG STOCK
"EXCHANGE.
SHAREBROKERS' · ASSOCIATION.
THURSDAY,
Bayer
Bailers Balen Nominal
Bayers Balles
AUGUST 29.
$1,930
Ego
*:*:*
£125
མ་མ
HK. Banks
Sem Nominal
$1,236
Do. (London)... Chartered Banks --- Mercantile Bks. “A”
Da
£19) £34 £15
$90
Bank of East Asia........
$88
Insurances
56:30
Canton Ipa
$630
Underwriters
T180
North China.....
T160
$330
Union Ins.......
850
Yangtaze Ins...... ...
$10
#310
***
Chins Fires......
$760
H.K. Fires.....
$778
Shipping
$17 850
Douglases.......
#27
Steamboats
$243
Indos (prof.)
$50
$70
Do (del)
$9
98/8
Shell Transports ...
00/-
899
Water-boats.
B3:10
mbi
69/3 2.15
TH
Banqueta.
63/8
1T15
T
T4
B07
18/-
Mining
Kailans
Langkata (comb.)
Do. (single) Explorations..
T4 Shanghai Lonas
Raubs ****** Tronoh Mines
Docks, Wharyes,
Godowns, etc."
H.K. & K. Wharfs $130 Providents
H.K. Docks.......8324 Shanghai Docks ...T140 New Engineerings T7 Hongkeware
Ootton Mills
Ewor
Bhai, Ctons (old)....... Talj
8129
$4.30
$4.35
$39
T.141 T.7 T-1821
+
T17.35 T.174 T1760
T10.40
$14:
58.40
$601
*1.180
$8
814.16
$90
814.10
. $18
818
817.80
812.00
$1980
8592 800
821
„T.142
11/-
20/
$4.30
84.35
T17.35 817
T.03
7.48
Do
(now). T.31
Zoong Singa
Lands, Hotela and
་་་
24.06
H.K. Lands
H.K. Realtys.
424
$5.50
87.00
$14.20
Buildings
H.K. & S. Hotels... 88.40
Shanghai Lands
Humphreys Chinese Estaten
Public Utilities
Tramways........ 818 Peak Transe (old).
Do. (new)...
Star Ferries......... $851
C. Lights (old)...... $12.00 Do. -(new)..............} $12,45 H.K. Electrica
88.70 Telephones******
8261 Macao do.
Sandakan Lights ...
China Busca ..................
Tractions
B/ed.
(pref.)......
Da
Industrials
Canton Ices $2}
Cements (comb.)... $8.75
$2
$8.90
Do
87.70
(old)... 87)
$1.20
(new)... 8}}
***
Ropes
80.00
897
Malabon Bugars
E
China BugarB*******
United Asbestos...!
Miscellaneoux
$19.00 Dairy Farme......
$0.50 Der A. Wings......
Amusementärense Constructions...****
Crawfords
$26
$1,55
Lane
$18
$19
$60
H
817,90
$11.80
$8.80
83.90
829
8:0.10
30.50
201
$1
Mackintosh or 84
Nanyang Toh
Sinceres (old)....
Do.
Watsons
29.00
(new).... 84.10
$19
Wm. Powells
K. Ind. G.8 Bondṣ.......
H.K. Govt. Loan...8107
THE HONG KONG DAILY PRESS. FRIDAY, AUGUST 30, 1929.
Money and
Markets
INCOME-TAX WHEN months for the year he visits' this
ON LEAVE.
COMPLICATED BRITISH LAW EXPLAINED.
In the current issue of the Income-tax Payer, the official journal of the Income-tax Payers' Society, is an article of special interest to British subjects going home on leave, he quote as fol
lows:-
So many questions have been put to this Society as to the liability of visitors to this country from abroad to the payment of Income Tax. that we decided it would be a great help both to members of the Society and to the Inland Re venus if we could get a clearer in. terpretation of the law on the mat- ter than can be gathered by a lay man from, a hasty glance at the very complicated clauses in the In- come Tax Acta
The matter, therefore, was sub-f mitted for the careful study of a number of experis connected either directly or indirectly with this their inbours was sent by Lord De Society and the joint result of cies, in the form of questions and answers, to high authorities in the Department at Somerset House which deals with Income Tax mat
tors.
This Department was asked if it would say whether the conclusions to which we had arrived on the various points raised were correct. We should like to say before pro- eceding further that the Society appreciates highly the courtesy and thoroughness with which our some- what unusual request was dealt wich.
country?
If the furnished house is not rented for longer than the period of his visit to this country, he would not be charged од foreign incomes if be were here for less than six months in the year, and would be charged OR remittances of foreign in- come if he were here for six months or upwarda"
13
An Australian or South African, in this country, brings over his A British subject, but not domiciled wife and family to London, and takes a furnished house or lives in an hotel for a period less than six months. Will he be called upon to pay Income Tax!
If this is an isolated visit, a stay of less than six months will not make him chargeable in respect of foreign income. If he extends his visit to nine months will he be called upon to pay anything 1
A stay of six months or up- wards will make him chargeable on" remittances" of foreign in-
come,
A Colonial Civil servant, who has all his life lived abroad, proposes to take a house in England, where wife may have home while the his children, and occasionally his
children are being educated. He himself is to have three months' leave every year, and comes to the United Kingdom He is at present stationed in Palestine, not n Colony, but a Mandated Province, where there is no Income Tax paid. Does he pay any Income Tax
If (as is assumed) the Colonial Civil servant is not domiciled in the United Kingdom, he would be chargeable on of foreign income.
GRAINS.
remittances
PRICES "JUSTIFIABLY
HIGH."
"
Messrs. Pentreath & Co., have forwarded on the following letter, dated July 17, which they have received from Messrs. Hornby Hemelryk & Co., Liverpool:-
Semi-Oficial Opinions, Below we give what may be des- | cribed to use an old war-time ex-! pression now gone largely into: Jisuse as the semi-official opinion on the position. It must, of course, be understood that in so complicat ed a matter this of visitors from abroad, with all its ramifications, of time of stay, its distinctions be tween places of abode and places of residence, its differentiation in Very strong markets have been in cases of business and pleasure, and evidence throughout the week under so on and so on, many individual review. Prices have risen con- cases must be decided largely onsistently, comparatively few read their merits, and that the opinions tions having been witnessed. The given are general rather than par- weather in Canada and in the ticular.
Spring Wheat belt of the United States has been the dominating factor, but heavy buying of Plate Wheat by United Kingdom and British subjects, officers, civil ser. Continental millers, more especial vants, etc, residing abroad, whoy the latter, has also had an in- come over to this country periodi.Aluence on the market.
CANADA.-Advices received during cally, say, once every three years the week stated that the crop
Following are the questions with the answers approved, in a general sense, in official quarters:
on leave.
(a) Are they charged Income Tax if their stay is under six months ?-No.
Very little business is passing in
|
RUBBER ESTATE
MURDER.
THE RHIO TRAGEDY.
TWO SENTENCED TO DEATH.
The trial of persons accused of taking part in the murder of Mr. James Futcher, English manager of the Chinese-owned Eastbourne Estate at Simpang, Ohio, was con cluded last week before Myrheer M. E. F. Israel, District Judge.
The outcome of the trial was that two men received sentence of death, one was condemned to 20 years' penal servitude, two received four years apiece, one was released for lack of evidence and another man was remanded for further evidence.
Besides these men two others be- came insanej one ran into the forest and has not since been seen while the other is under supervision.
More than a dozen witnesses were
examined and from these it is easy
to reconstruct the story.
The Attack.
Mr. Futcher left his bungalow estate road and walked down an leading to the workshops and coalie The distance is about 350 line. yards, but half way, 20 yards back from the
road there is
leaseholders. As he approached this house belonging to one of the
house he was suddenly attacked by some 30 leaseholders who had been laying in wait for him. Of these others spread around cutting off bis about 12 engaged him, while the escape. All were armed with Paraugs or long sticks.
As the gang rushed him Mr.. Futcher struck out and hit one man in the eye, but immediately after his left hand was slashed off, bis eye was cut out and he received hälf a dozen body wounds. He then endeavoured to make for his bunga- low, probably remembering that there was a shot gun on the pre- mises,
He only covered a few yards when his knee tendons were cut and his right hand split to the wrist. He fell to the ground. Most of the crowd then ran away, but seven or eight men, according to an eye. witness, remained to dig their parengs into him and one mutilated his body with a small pen knife. ·
They then made for the manager's bungalow and looted it, obtaining some $150 which was divided among the crowd. The gun, hidden behind some furniture they did not find.
Kalfe at His Threat.
That evening number held a makan besar in one of the huta.
One of the witnesses, the Kerani, going into the estate kedai, was seized and held on the ground by some of the conspirators and, with a parang at his throat, was made to Awear that he would give them. away.
situation
critical. is becoming Although light rains have fallen in
Another witness who was working Manitoba, cains are urgently used- on the estate learning to operate (b) What are they charged if ed in the South, and a crop of be- a Fordson tractor and drive a car, their stay is over six months?
tween 250/300,000,000 bushels is an- run away to Kampong Simpang, ticipated. This is significant when about three miles, where he obtain- (a) If a place of abode is we reflect on the fact that it repre-ed an outboard motor boat and ar maintained here, they are charge-sents only about 70 per cent, of the rived at Tandjong Pinang at 5 p.m. able for any year in which they average yield for the past three and gave information to the Police. visit this country on "remittan
The police boat started out with ees" of foreign income (includ: years. ing leave and other pay), itif. Wheat.
two officers and six men accom- on amounts of such income re-
panied by an English friend of the Harvesting is in progress in the manager. The police arrived on the mitted or brought to this coun-Winter Wheat belt in the United try or received here in that year. States. The weather has, however, possession of the manager's empty scene some hours later and took (b) If a place of abode is not been unfavourable, and there bas bungalow. Meanwhile, the English- maintained here, chargeable on been some deterioration owing to
man took charge of the body, which fieavy rains, A crop of about 500,000 bushels is still generally a ticipated. Mere deterioration is reported in the Spring Wheat belt British subjecta, officers, or civil owing to the shortage of moisture, servants, ete, residing abroad who and a final yield of not more than have no abode in this country, ie,200,000,000 bushels is now expected. take a place in England for their More rains are also required in The motive for this murder was wife, for the purpose of educating the Eastern States of Australia, largely due to the fact that the the children, remit money to their and the outlook is therefore not deceased did not receive real co wife from earned income at differ very promising.
operation from the leaseholders, and trouble owing to the leading of the pineapples in toakangs provided by the management according to con tract, the private selling of pine- appics by the leaseholders contrary
**remittances" of foreign íncome for a year in which they are in this country for six months or
upwards.
ent periods for the upkeep of the The Plate is still in need of rain, house and family, etc. Are they but no serious damage has yet been charged any Income Tax on these reported. remittances?
The European crops are showing They are not chargeable on such promise, but we understand that remittances for any year during complaints have been received of which they do not visit this coun-poor growth in Germany. try.
Shipments: 1,754,000 qrs against Are they charged any Income Tax 2,030,000 qra inst week. if they come over to this country " On Passage: 6,113,000 grs. against
They are chargeable on all re-,668,000 grs. Inat week. mittances for the year in which To review the situation; during
they visit this country.
Wad
hacked about that it had to be rolled in a blanket, and took it back by motor boat to Taadjung Pinang where it was examined at the hospital and found to have re- aides. ceived 36 wounds on the front and
to contract and quarrels about monthly payments owing to their continual dealings contrary to con- tract. These men could not appre- ciate that the manager was trying to render them every assistance. the last 30 days the world's supply the murder are still at large.
Many of those who took part in Position has been completely revers A British subject residing in ed., Allowing for no further losses, Americs, and in business there, the present probable world's supply keeps a house in London for his about balances demand, and any wife and children. He comes over, further substantial losses in the We have received the following perhaps annually, for a few weeks' Northera or Southern hemispheres cables from Amerios:- stay. Would he be called upon to will produce theoretical shortage Wheat: Prices bavo advanced on pay on his whole income or only of supplies Consequently, we con- sensationally bullish news of the sider that crop news will continue crop in the American Spring Wheat, If no part of his business operato dominate the markets. Although belt and in Canada, and on the tions is conducted in this coun- present prices are high, they are poor outlook in the southern hemis try, then:
justified, and further deterioration phere. It is considered very pr (a) As regards business profits will certainly enhance values bable that the world's crop will he is chargeable on "remittan- Sharp fluctuations are probable, total 400/500 million bushels less but we now think. that caution is than 1928, which will more than adviable.
offset the increased world carryover,
on remittances!
71
ces.
(b) As regards other foreign income he would be charged on
The visible supply in the United | Higher prices are expected even- "remittances if he comes to States of:-
tually, and purchases are favoured this country on holiday only for Wheat: 125,504,000 bushels, on fáír recessions.
less than three months annually; 118,500,000 last week, 57,489,000 last if for three months or upwards | year,
he would be charged on the full Corn: 12/749,000 bushels, 13,355,000 income arising. (It is assumed instweek, 12,891,000 last year. that he is domiciled in this country).
2
Outs: 7,420,000 bushels, 7,839,000
I last week, 2,616,000 last year..
The visible supply in Canada
A British subject, married, living in Bombay, in business, comes over of - to London for the season and rents & furnished house. He only once every three years. Would he be naked to pay any In- come Tax for being here under six*
comes
Wheat: 64,087,000 bushels 64,990,000 last week, 50,990,000 Jast year.
Oate; 11,260,000 bushels, 11,729,000 last week, 2,837,000. last year.
(Continued on next Column).|
.
Cora: The crop and weather con- ditions are good, but the outlook ir still uncertain. Corn is expect ed to follow the trend of Wheat prices.
Date: A small Canadian crop of Oats is expected, and the American crop, which was recently reduced by: drought in the Northwest, is ulso expected to be small.
Rye is selling at higher levels and is expected to move in sympathy with Wheat.
A ROYAL LOVE STORY !
A peasant mald-a Prince who meets her at a fiesta-love that carries them both before it revolation — and a smashing climax!
IN
JOAN
CRAWFORD
NILS
ASTHER
IN
with
AILEEN PRINGLE
DREAM
OF LOVE
DIRECTED BY THE MAN WHO MADE “BEN HUR”
AT THE
QUEEN'S
TO-DAY & TO-MORROW
At 230, 5.10, 7.15 & 9.20;
A BRITISH FILM!
A' delightful story of romance told with many thrills and a wealth of humorous situations !
ODETTE
with
FRANCESCA BERTINI, WARWICK WARD
AT THE
WORLD
TO-DAY & TO-MORROW
At 2.30, 5.15, 7.15 & 8.20.
ANOTHER BRITISH PICTURE!"
+
A splendid screen version of the well-known story by J. de Baroncelli,
THE
VILLA
BY THE SEA
with
CHARLES VANEL, DOLLY DAVIS,
AT THE
STAR
4.
TO-DAY at 80 & 3.20. TO-MORROW at 2.30, 5.30 & 9.20.
REPULSE BAY HOTEL
DINNER DANCE ATTRACTION
SATURDAY, 31st AUGUST, 1929,
NINA AND JACQUES DANCERS :
Assisted by an augmented orchestra will give Exhibition of the
very latest dances.
The Argentine Tango, Dance to Death, The Latest Blues and Ballroom Dances. Dinner $4.00 per head.
ALSO AT THE
#
HONGKONG HOTEL ROOF GARDEN MONDAY, 2nd SEPTEMBER, 1929.
Tables may be booked at the
Hong Kong, Repulse Bay, or Peninsula Hotels and by Telephone Central 776
·THE HONGKONG & SHANGHAI HOTELS LTD.
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