Dressing Gowns Bath Robes
Slippers in new
styles
PYJAMAS ||
Designed to fit-with fullness and freedom at every points There is luxurious comfort in our sleeping suits and you get much more-style, and
wear.
Made from a fine cotton. Zephyr, with neat stripes or a silk-like cloth of refined appearance in plain or wide stripes. For warmer weights we have a fine Ceylen Flannel or "Viyella," all cut for confort in wear.
Prices range from $10.50 per suit.
10% DISCOUNT FOR CASH
Mackintosh's
Drycleaning and re-blocking HATS
We can now Iron and Block Hats
after Drycleaning
Send us a trial Hat for $1.25.
come back like new.
will
THE STEAM LAUNDRY COMPANY, Sanitary Laundrymen, Dyers and Dry Cleaners. Head Office and Works:-Mongkok, Tel. 57082.(Kowloon Hotel Depot) Hong Kong Depot:-6, Stanley St., Tel. 21279. (Peak Hotal Depot) Peninsula Hotel (Visitors only). Hong Kong Hotel (Visitors only.)
WHITEAWAYS
SALE
FINAL WEEK
COMMENCES ON
MONDAY, FEB. 2nd
FINAL REDUCTIONS
TO CLEAR
ALL EXCESS STOCK.
ODDMENTS AND
REMEMBER !
REMNANTS.
VSALE CLOSES POSITIVELY SAT, FEB.. 7TH,
HONG KONG DAILY PRESS, MONDAY, FEBRUARY 2, 1931. PROPOSED INCREASE IN ESTATE DUTY, METAL MARKETS.
NEW RATES ANNOUNCED BY GOVERNMENT: SCALE RANGES FROM. 1 TO 12 PER CENT.
MEASURES TO PREVENT EVASION : INCLUDED,
Increases of a very heavy nature on Estáto Duties are proposed in a draft Ordinance published in the latest issue of the Government Gazette,
The schedule, which was revised in 1924, now provides for the payment of 12 per cent. on all estates in exuess of $2,000,000 av compared with 3 per cent of estates of over $2,500,000 in the past. Eleven per cent. will be charged on estates ranging from $1,000,000 to 82,000,000 and 10 per cent, on estates 'from $600,000 to 81,000,000. There is no charge on estates of less than $500, and between 8500 and 95,000 only 1 per cent, will be levied..
The old and new schedules are given below from which the increases proposed can be seen at a glance.
OLD AND NEW SCALES COMPARED.
OUTLOOK REMAINS
UNSETTLED.
tho
The following report on wcial marketa, dated January 0, has boon issued by Mers. Rudolf Wolff & Co., London:-
Metals have been irregular and st Limes considerable activity has pre. vailed, but the highest prices were not maintained, markets display- ing a reactionary tendency towards the clow. Industrial conditions so far give no indication of definite improvement and the outlook re- mains rather unsettled.
Tin.
Tin has been active and firmer and though the market has reacted from the highest points touched, prices still show an advance of 22/0d. to 23/- as compared with our last report. Sales in the East dur. ing the week amounted to 1,350 tons; shipments thence up to the
The Memorandum of Object and duty can be paid at 2 per cent, on Reasons states;
$10,000, f.c., 8900, with an addition The object is to amend the Estate of $50, .., 8250 in all instead of Duty Ordinaher, No. 10 of 1915, in 8316. Again, an estate is assessed various ways suggested by the prac-in 8100,500. At the new rate of oth instant were 863 tons, and for
tical working of the Ordinance. Some of the amendments proposed are intended to bring the Ordin- ance into closer agreement with the Finance Act, 1894, 57 and 58 Vict. c. 30. Others aro designed to prevent evasion of estate duty.
When the principal Ordinanco which came into force on Janu- ary1 1910, was enacted it contain. ed a provision that in the case of persons dying bofore the comicnet. ment of the Ordinance the probate duty formerly payable under tho Stamp Ordinance, 1001, should con- tinus to be payable instead of the
new estato duty.
When the Stamp Ordinance, 1001, was replaced by the Stamp Ordinance, 1921, the above tempor ary and limited provision was stil; further limited by a provision that estate duty and not probate duty should be payable in the case of any estate to which representation was applied for after the commence- ment of the new Stamp Ordinance;
whatever the date of the death of the decased.
An Oversight,
the month are estimated at 7,500 1 to 7,750 tons. Premiums en Straita and Banka are quoted at £4 and £2.6 respectively. Business with
the Continent tas slightly broaden- consumers in this country and on
per cent, the estate duty would be 80,030. Under this section duty can be paid at 5 per cent, ou 8100,- 000. 2, 85,000, with an addition of 8500, f.e., 85,300 in all instead of 80,030...01 .0ourno if an ostate pass over the step in the acneed but conditions have been quiet in America. The market has been by more than a small amount it
dominated largely by the reports I would not pay the estate to claim
which have been circulated in con. the relief. This provision is taken nection with the latest echcare for from section 13 (1) of the Finance restricting output and the possible effect which ultimate agreement Act, 1914.
might have on the course of prices The market has enjoyed a good den! of support at the hands of those who presumably regard those efforts
Penalties.
Section 12 of the principal Or dinance is repealed and the follow- ing section is substituted there.
for:
situation, but it may serve to tida over the position until such time as an ingroving consumption, if not too delayed, makes a audistantial impression on oxisting stocks,
Options. Double £13, Bingle £6.10.
likely to be crowned with success, but opinion is very divided, and it is by no means universally accepted that the position will be adjusted 12 (1) In every case where by the adoption of the policy which any account is delivered after the hae so far been outlined, so that ahen support is withdrawn prices lapas of twelve months from the very easily relapse in free of the death the estate duty shall be selling and liquidation which takes place. Some doubts oxist as to charged at three times the rates set whether the restriction contemplat- out in the Schedule; unless the per-od would in itself retrieve the son accountable for the estate duly proves to the antisfaction of the Commissioner that he has used all reasonable diligence to ascertain the estate of the docensed and could not reasonably, have ascer tained it earlier, and having, as. certained it has used all reason- able diligence to denver an account and to pay the estate duty thereon: Provided than in any case in which, before the delivery of the account; a grant of probate or of letters of administration had been obtained from a court of probate outside the Colony, the period shall be eighteen months from the death
In the revision of the Ordinan ers in 1824, the effect of the latter provition was incorporated in see tion 2 of the Estate Duty Ordin- ance in such a way through an oversight, as to make the latter Ordinance applicable only to cases where application for representa tion is made after the May 1, 1821. But Estate Duty is a matter which attaches on the death of a person, | instead of one year. sholly irrespective of representa- bon being taken out to his estate. Section 2 therefore amends gection 2 of the principal Ordinance by making the Ordinance applicable
Pensity Incressed,
Turnover for the week 4,350 tons. dopper..
Copper has been irregular. The market opened firm on Monday and up to £48.19.0 was paid for cash, but since then easier conditions have obtained, all the advance has been lost and the market closes £1.3.0 lower for cash and £1 lower for three months as compared with our last report. With near dates less in demand, a pontango of 1/3d. has been established as compared with a backwardation of 2/6d, last week. The Association price of Electrolytio has been reduced to 10.65 cents c.i.f. Continent but de- mand on the part of consumera has In another new section, it is not been good and the later weak- news in Standard reflects the pos provided that "every person who,sibility that some further reduction being the executor' appointed by the will of the deceased or (in the to all deaths after January. 1, 1010,
case of an intestacy) the person and also to deaths before that date entitled in priority to the admisi if representation has, not been apstration of the estate of the de- censed, takes possession of or in uny plied for before the May 2, 1921.
way administors any part of the estate of a deceased person, or any part of the income of any part of. The new section 25 provides such estate, and fails within that if eshte duty has already months to deliver to the Commls- been paid in respect of any settled sioner accounts of the rstate of the
Lead opened firm but the im property since the date of the settledsensed, as required by stetion 10 or this Ordinance, shall be liable
provement was short-lived, and ment, upon the death of one of tua penalty of one thousand dol-prices since reacting close with the partion to a marriage, no lare, and shall also be liablo to a further penalty equal to three estate duty shall be payable on the times the amount of the estate duty death of the other party to the
at the rate act out in the schedule marriage unless such person was upon the whole estate of the decea at the time of his or her death, ed. or badboon at any time during the continuance of the settlement,
Settled Property.
New Schedule of Esies,
No Estate Duty is payable on- estates of less than $500 in value,
may have to be made if business with consumers is to be attracted. Meanwhile, outside, interests are- accepting still lower prices. Re- porte from Amories are none too favourable and give no indication for the time being of any definite trade revival,
Options. Double f4,10, Singlo £2.10.
Turnover for the week 5,000 tons.
Lead.
little change as compared with those ruling a week ago. Earlier in the wook a more active business was reported with consumers, but latterly demand has slackened; nevertheless values might not have recoded had it not been for the price reductions made in America on Monday to 6 cents for Spot,
competent to dispose of such pro the new schedule providing: as. fol.which had a disturbing effect on
| porty...
This provision is adapted from section 6 (2) of the Finance Act, 1914. The special definition in sub- Bottle- section (2) of the
ment is inserted boonuso in the principal Ordinance generally that term. excludes testamentary dis poallions.
The now section 20 gives relief in certain cases of quick succes sion, the duty on the second "dontb being reduced in accordance with. A scale which varies according to
lows:
Value of
Duty percentage.
8300 to
85,000.
9 85,000 to
$10,000 $10,000 to $20,000 3 823,000 to * $50,000+)
$50,000 to 8100,000-
$100,000 to 200,000/ @200,000 to $400,000/-; $400,000 to $800,000 - 8000,000 to 8800,000 $800,000 to 81,000,000 $1,000,000 to $2,000,000
The Old Schedule,
the period elapsing between the Over 82,000,000....... two deatha This provision is taken from section 15 of the Fin ance Act, 1914.
Some Examples.. The new section 27 gives relief
0
10
11
12
The old schedule, for purpose of comparison, is given below:
Value of Estate. Percent
8500 to 81,000
.810,000 to 8100,000 91000,000 to 9200,000 $250,000 to $500,000 $500,000 to $750,000
pass over one of the steps in the scale of estate duties. The effect of the section can best be seen from examples. For example, an estate. is valued at $10,500. Át the new rale of per cent (the old rate in the, same) the estate duty would be 8316: Under this section, however, Over $2,500,000.
$750,000 to $1,000,000.
$1,000,000 to $1,500,000 $1,500,000 to $2,500,000
1
5.5
7
7.5
Bentiment.
Options. Double 1.10, Single 15/1
Tarnover for the week 4,100 tons.
Epolter.
Spolter has been easier, the price showing a further decline of 3/9d., Es compared with our last report. Business with consumers has been seasonally dull and similar con. ditions, are reported on the Con- tinent Buyers have displayed little intercat and as the market has been Kft practically unsupported, prices I have doolined in face of such soll
ing and liquidation as has taken pines. In the U.S.A. rather casier conditions have obtained with the trend of prions in a downward direction. We append, details of the statistics published in America
Options-Double £2, Single St Turnover for the week 4.850 tona. American Nov. Dec. Statistics;
6.5 Production
Dolivorieg Stockint end mouth Betorts operating
: Tone Tons
31,078 39,082 30,37034,245 145,120 : 149,870 37,402 33,040
KAIPING HOUSEHOLD COAL
Owing to a bhortage of supplies our prices until further notice will be as follows:--- .
IN LOTS OF NOT LESS THAN ₫ TON
Delivered to Peak District (aboto
Bowen Road).
Delivered to Bowen Road and
lower levels Delivered to Pokfulum Road Delivered to Kowloon
824,00 porton
..822.00 per ton ...$14.00 per ton.
2,820.00 per tin v
The increases are purely temporary and will operate as soon as supplies are again available
Censo to
THE KAILAN MINING ADMINISTRATION
DODWELL & CO., LTD., Agents, Hong Kong.
INDIGESTION
Sanatogen has a directly favour able influence on the whole ner vous system, especially on those nerves which affect the digestive,
Dn P. Rodari,
Prof. of Med.
Frayed Nerves
Nara-alla
cause all this trouble
Easily induced fatigue, distaste for work, difficulty in concentration, lack of appetite, fitful sleep, loss of weight- all these may be signals that something is wrong with the nervous system. The only logical way to overcome these complaints is to go to the root of the trouble--the nerves. Strengthen those zerves with Sanatogen-the finest tonic food obtainable. Sanatogen feeds the nerve cells with the exact pro- portion of those elements-glycero phosphate and albumin-from which new nerve-strength is derived. By so doing Sanatogen conquers all symptoma
of nerve weakness. „
A well-known London physician says: **Sabátigen goes straight to the core of well- being, vit: the cella, and budda these up into a permanent and solid fxbric of health.” Seart toking Canatogen today. You will soon notice its wonderful Influence en your health; your nerves will no longer trouble you, you will sleep better, and your appetite will immediately improve.
Our whol forauniem
depends upon the nervous |system-which has its fibres A in every part of the body. Numerous complaints are caused by ens and the earne thing: Nerve. Weakness...
SLEEPLESSNESS
ما عدل والحصون من
overtrained nerves. Sanitogen wrength ens and soothes the
SANATOGEN
The True Tonic-Fcad Obtainable at all Chemists and Storcă
Parfumeric Reiganad
PARIS.
Un Air-Embaume EXCELLENT SCENT.
Most Popular & Famous Perfume
OBTAINABLE AT
All Drugs, Chemists and Leading Stores.
AGENTS:
VICENTE ATIENZA & CO. No. 54, NATHAN. ROAD, KOWLOON.
TEL. 57155.
WESTMINSTER GLEE SINGERS
ANNOUNCEMENT EXTRAORDINARY THEATRE ROYAL WEDNESDAY at 3.P.M. and 9.15 P.M. WO FAREWELL PERFORMANCES
Complete New Programmes. Matinee : 88.80 (reserved), $2.20 & $1.10. Evening: 84.49 (reserved), 82-20 & 61.10.
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