1935-07-02 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Onarenproker, Association

Buyers

Geljura

Balsema!

SATURDAY, JUNE 29.

Bellers.

Mayers

BOMBA

Banky

$1,076 1,000/G

ti.K. Banka

$1,070

£123

£131

381

"Bauk of Elist Ana.....).

£142. 831+ Bist 376

N. O. & Banks ...)

Am U. F. Corp:

141

iiiii

-do. (London) ...| Unartered Bank "... Marosatile Bks. "A"

Do.

Ch. Fis. Corp, Ued. S.Į

Do Pret. *Insuranone

Underwriters

Canton Instrated...

$105

3203

40 ats.

10 ven

Union Insuranoas .......

$360

1310

Usina Fires

3302

$382

1. Fires.DianaAND LON

$175

$200

International Asson, B.,

*

Shipping

Douginged

$95

tegia boat

indos (prot.)

ma

Do." (duti) vinmerat

Waterhout

$19

16 $11

Mbalug

Amtamoks.....

66 ota ex div.

Balatoon .....

生

21.08.

836

$30

E1%

20 sts.

71/10

71 ots

$18

140

$10

10

Shella

Baguio Gold

Bengust Consolidated 04cts

Do. Exploration 19 ct.

10 at

Do. Goldfeld

8 at

Big Wodge

ots.

5 Bya

Gold Her...

5 cta

30 eta

Gold Creek............

United Paracales...

29 ota. |

19.ct

Salacot Mining.....ll ute.

90 ots,

ipo Mining..........

ru

32jots

Itogons

14/6

Katians

$14

Langkots (single) 3.|

Explorations...

15.90

Shanghai Los

$2.30 Venezuela Gold Fide. $2:70

Docks, Whatvės,

Godowna, sta.

14/

I

35

$5,80

HK & K. Wharram.j

378

(Cam. Rights)

Do. (Ex. Rights) 375

31

Do. (Rights))

$1.

88 eta

Provideats (ula)

120 ats

Do. (new)

120 CIA

H.K. & W. Docks

S. China Mators 'A'

Do,

1玉の

Shanghai Docks S.

H. Lands........} 134)

20 ste.

$90

34

HONG KONG DAILY PRESS. TUESDAY, JULY 2, 1935.

TOBACCO AND WINE

TAX

Readjustment Conference

Held

MOST CRUCIAL TEST

Of President's Power

Washington, June 30. President Roosevelt's control over Congress will be put to the most crucial test of the life of the Ad- ministration in the House of Re- presentatives to-morrow when the House is asked to vote on the Fre-

¡Special to the "Hong Kong Daily, province is to be fixed on the

Pressi" (éopyright).1

basis of the average receipts in Shanghal June 23, each province for the past three Dr. H.-H. Kung, Minister of Fin-years. On this minimum basis, re- ance. yesterday addressed the ward or punishment for the resident's requested "death sentence various officials attending the To- venue collection officers will be bacco and Wine Tax Readjust-determined,

ment Conference, now being con- The Executive Yuan is to be re- Internal Revenuequested, through the Ministry of Vened by the Administration of the Ministry of

Finance, to devise measures Finance.

In his address, Minister Kung зald that, during this period at national emergency, special efforts must be made to readjust taxa tion, with a view to increasing the National revenues. The income of the Government is derived from how- the people, whose welfare ever, must not suffer by inequit- able taxation,

for

prohibition of the sale, of alechpl as beverage....

Special inspectors are to be ap- polated to supervise the issue of wine and tobacco tax receipts" or certificates so as to prevent cor- ruption.

to The Ministry of Interior is be requested, through the Minis- try of Finance, to give due con- sideration to the efforts of the District Magistrates in prevention of wine and tobbacco smuggling when reviewing their achieve

The main portion of the Na- tional revepdes, he continued. is derived from the Customs re- ceipts the Salt Gabelle, and the Consolidated. Tax. The admiris-ments:

tration of the Consolidated Tax A recommendation will be made being easier.of achievement, has to the Ministry of Finance to de- already shown satisfactory results.spatch technical experts to the But the Stamp. Wine and Tobacco tobacco cultivation areas Taxes, though placed under the country to inspect conditions and Jurisdiction of the Internal Re-plan reforms.

venue Administration are still in need of readjustment. The Direc- tors of the Tobacco and Wine Tax Bureaux in the various provinces must take drastic steps to starp out corruption and to readjust the 'methods ci collection. Anyone guilty of corrupt practices must be punished. Dr. Kung 'concluded. MINIMUM LIMIT

A total of 35 resolutions were adopted yesterday at the first gen- eral sesalon of the Conferenee. The principal" proposals adopted yesterday are the following:-

A minimum limit for the wine and tobacco receipts from each

NEW YORK

of.

the

re-

and

for unnecessary public utility hold- ing companies, in the power, light- ing, transport industries and others of the same sort.

3

With the Administration-strain- ing all its resources on the one hand and powerful influences of the utility companies at work in the lobbles on the ocher, the ses- sion, promises to be the velfest for many a day.

The House meets at 4 o'clock to- morrow afternoon and for the first time this session will have to between the Inter-State choose Commerce Commission's proposal to give the Securities Commission authority to rule out holding com- panies and the Senate proviso for outlawing such companies.

When this point is settled 'the House is expected to pass. the mea- sure, for it is otherwise not parti ticularly contentious.

The speaker of the House, Mr. Byrne, predicts an adjournment in early August, but many regard this forecast as much too optimistic.- Reuters.

THE BANKING

CRISIS

Government Takes Action

TO HELP GROWERS The Ministry will also be quested to sponsor the organiza- tion of a semi-official organ which 1s to extend loans to tobacco for the growers and merchants Improvement of production manufacture.

Various recommendation for re- vision of the Regulations govern- ing penalties for evasion of the Tax on native wines, and govern- | (Spectal to the “Hong Kong Daly, ing fines for violation of the Wine and Tobacco Tax regulations were adopted, ..

China United Press (by mail).

STOCK

AND

COMMODITY QUOTATIONS

(Through Reuter's Agency)

ફન

$90

$4

New Engineering38.

1240

Hongzews

Lands, Hotels, and

Buildings

$4.15

A.K."Hotela

$4

$35

$36

3100

Do. 4% Debentures $.00

320

Shanghai Lands.....

$10.

Metropolitan Lands

34.

H.K. Meniceều +*******

34

$4

Chins 10 «.............

3123

Do. Debenturess.

181

Humphreys

18)

Now Asia Hotel

$36

Asis Realtius “A” N.

"B" 5.

$90

Chinese Esta ta................

Cotton Mille

New York-London

4949

Ewca

100

S'hat Cottons(old)S.

Cotton, July 9

11.83

Last

July 1

11.00 Close Open 10.20 10.40

494 4941 $4941 11.77 11.78 11.80

164

$41

Do.

(news.

Cotton, "October

11.50

242

186

Zoong Sings.......

Rubber, July

12.48

#56

Wing On l'extiles(3.)

$35

Rubber, Beptember.

-13.59

11.44 11.40.11.48

12,488 12.54 12.54 12.63 12.69 12.58

Public Utilities

Wheat, July.....

84

841

$13

13.10

Tramwaja, o................ $13.

Carn, July

811

811

2854 82

Peak Trains (olu) .......

$7+

Do (new)...

$3

Winnipeg Wheat, July

Star Ferries

$76

STOCKS

Yasmati Ferries ...$18.60

American melting

42

257

26

El. Bond and Share

72

General Motors

327

33

33

$8.20

Int. Tel and Tel

∙101 101

101

414414 414 273 274

172 171

107 414 28 271 171 471 33 334 334

$80/90

$670

421)

$20.00

10/0

92/6

38.20

China Lights............$8.80 HLK. Electrics ... $374 Macao do. Junakel Sandakan Liglīts ......... Telephones told) use

Do. (now)!! China Buses.. Traction

Da (pret.)

Industrial

Male on Sugare

Caidbook, Jul

Macgregors pret, 5.

$203

$1.80 Canton Leer ****** ** $1.40

Gements

Ropes CAT KOKOPINIĮ

Miscellaneous

314/60 Dairy Farms ...

Ch. Ftainments.............. Constructions, '(old)

Do.

Lane Crawforda..

Mackintosha

13.10

prem

!!!!!

$19

$13

$2

$1.35

$1,40

40 ct.

H

$14.00

$1

[zow}}

|- $44. 11.10 120 cts.

$21

Nanyang Tobacco...

Binceras... UNABAT

od.

$3.70 $71

33.10

Watsonic mer] $3.10

70 ot.

Powell.......

144

12

M.Greyhounda

$1.35. O. Enterprises

94. "Uh.G.5419250.9Bd. 99%

ILE. Gort, 4% Loara)-67%,

Da a%

Wallace Harper ...........

3100 H.K, Wing Un

Do, bzi Vibro Pileng

GERMAN EXPRESS

LINERS

Singapore, June,24

55 at

$1.30

21%

#82 13

Consolidated Gas of NY

Loaw's Tuc,

Montgomery W.

N.Z. Central

Standard O¤ Co, at N.J. U.S. Ateel.....

CHINA'S BUDGET

Legislative Yuan Approves

Nanking, June 21. The national general budget for the 24th fiscal year beginning from. July 1, 1935 to June 30, 1936, which was recently referred by the Na- tional Government to the Legisia tive Yuan for consideration, was approved by that body at its gular meeting hold this morning,

The adoption of the present budget, it was pointed out by Dr. Ma Yin-chu, noted Chinese economist and Chairman of the Finance Committee of the Lerisian

the Hamburg-Amerika Line but tive Yuan, marks a worthy change now operated by the NDL, will in the budget making system In sail on her maiden voyage from China. For making the present. Bremen on July 5 and is expected budget the National Govern- In Bingapore, on July 31..

ment has appointed a budget.

Her second voyage wil be taken planing committee with a view to Members of the Royal Family of by the Scharnhorst, instead, and working & systematic and well- Slam who had booked passages what was intended to be the balanced estimate of the national from Singapore to Marsellies for Scharnhorst's third voyage will be receipts and expenditures, while in The second voyage of the Scharn- taken by the Potsdam so that the past such an organization was horst have now arranged to sail there will be no gap in the service. | lacking. by the Potsdam on August / 28, lustead.

They are Prince Rangsit Jainad, with his wife and 11-year-old daughter Princess Buddhawongses. Vichitra Princess Pisitha Sol Bam Printers Chadrakanta Mani,

lengkars

Tactless Youth

A lady was entertaining the smull son of her married friend

ANOTHER POINTS

ment of the national generai bud- get for the 24th fiscal year, which contains 6 articles in toto.

Detalled figures of the various Items in the budget are as follows: REVENUE

Customs Salt

Wine and Tobacco: Stamp

Consolidated Tax Mining Tax Stock Exchange Tax. Income Tax

Banking Tax Receipts from Govern-

ment Properties Receipts from Govern-

ment Enterprises... Receipts from Govern- ment Administration Net Profit from Gov- ernment Enterprises Quote Remitted from

Provinces and Murl-

cipalities Borrowing Others

Total

Party National

Another thing which deserves Military Expenses our attention, Dr. Ma ad 18 Interio that the present budget was re- Foreign ferred to the

"Are you sure you can cut your of mea Tommy?" she inquired arter in (Anuraks watching him a moment.

"Oh, yes, thank you,” he replied the tha without looking up from his plate.

We often have it ar tough as this

pulation

ming, the

Pinaticía

to

· Pres" (Copyright).]

"Piping, June 22. Since the failures of the two native banks. Chu Yuan Suan and Tung Yuan Hsiang. Mr. Yuan Liang, Mayor of Pelping, has been of conferences holding a series with leading bankers and import- ant members of the Chamber of Commerce to devise, measures for the tiding over of the banking! crisis in Peiping. An appeal was Issued by the Mayor to bank shareholders and depositors avoid creating a

general panic among the populace by co-operat- ing to the best of their ability. Simultaneously, proclamation was issued by the Municipal Gov- ernment yesterday prohibiting the clfculation of unfounded reports or pain of severe punishment. The proclamation reads as follow: 1--No banks will hereafter be allowed to close down or suspend business arbitrarily. If any bank should find itself in difficulties. Its shareholders must bear un- limited responsibility" according to

the law, At

same time, the Municipal Government will. lezd whatever assistance it can to en- able the bank to carry on busi- ness.

a

2 Depositors of fixed accounts in any back shall not be allowed to withdraw their deposits before the time of expiration, and oce Binary depcaltors are requested to abstain from withdrawing their funds without real necessity for their money. $341,361,400 [REL ...CLOSE, WATCH

184,219,044 The Bureaux of Public Safety 22,340,186 and Social Affairs have been in 12,000,000 structed to assume a close watch: 113,298,177 over the various banks, and 'any- 3,873.124 one found violating these two 1,950,000 general principles are able to 5,000,000 to severe punishment. 1,300,000

After a series of conferences be- ginning yesterday, however, con- 8,846,850 crete measures for the stabiliza- tion of the local money market 20,855,022 have been agreed upon between representatives of the Felping 10,931.988 Municipal Government, the Pef Vedaping City Chamber of Commerce, 40,269,851 the Bankers Association and the

Native Bankers Guid

In was decided that a loan of 3,768,000 $2,000,000 be made by the local 70,000,000 Bankers Association to the Na- 118.832363

tive Bankers Guild, on the se curity of $4,000,000 notes which the. Hive banks hold

$957,154,006

Thin

(by mail),

S E. Levy & Co.

7. JOE HOURS STREET

ENT BANKERS & BROKERI

NEW YORK COTTON-EXCHANGE COMMODITY KECHANGE, ING, S.Ë.

CHICAGO. BOARD OF TRADE

CANADIAN COMMODITY RICHANGE, INC

CORRESPONDENTS FOR

WHITE, WILD 'a Co., NEW YORK

Here is Health

"The user of Sanatogen is richly rewarded in freedom from languor, a gain strength and activity and alertness of mind",

@writes Dr. CL L. Wheeler.

This is the opinion that medi- cal men have of Sanatogen; and when it is remembered that more than 25,000 physicians have written about the gratifying results they have obtained with Sanatogen, it becomes evident that you can trust this really exceptional tonic to help you, too. -

Prof. Mano, formerly of Oxford University, explained the reason for the wonderful influence of Saratogen on health, in these words.

“A building-up process goes on in the nerves after the administration of Sanatogen

STRICTLY

Drink Health & Aďkality

TOGEN

Start improving your health today. Take Sanatogen, and notice how fatigue and ner vousness disappear, Take Sanatogen and in a few weeks you will feel and look better than you have done for years. Follow the advice of

of these phy- sicians and enjoy once more that sense of youthful health.

SANATOGEN

The True Tonic Food

At all. Chéntate mid. Stamm,

MODERN

SERVICE

EDGE-

ATER

MANS

ave not bee

ared

In cre Here you !