1939-11-17 — Page 5

HONGKONG DAILY PRESS

NEW ARRIVALS

AT POWELLS

REAL SUEDE

CHOCOLATE BROWN

GOLF JACKETS

11

AS ILLUSTRATED

MORLEY TWEED UTILITY JACKETS ZIP FASTENING"

ATH PUUCH POCKETS

11

GLENEAGLES SHOWER

IDEAL FUR WEIGHT

GOLF

PROOF WIND

WEAR -- SOFT

FROM 25,00

UP

JACKETS

AND LIGHT

WILLIAM POWELL, LTD.

10, ICE HOUSE STREET.

PUBLIC AUCTION.

THE Undersigned have received

rors

instructions from the Liquida-

to sell by

PUBLIC AUCTION

Monday, the 20th November, 1939

commencing at 10.00 am.

at the offices of Messrs. Carlowits & Co. (in liquidation) 3rd Floor, Bank of China Building, Queen's

Road, Centra).

A LARGE QUANTITY OF OFFICE FURNITURE

ዓ

comprising:-

1

Teakwood Desks, Typewriter Tables. Office Chairs, Glass Cabinets, Counters, Showcases, Shelves, Pictures. Clocks, Sundries, Rattan Furniture, Sun Blinds. Floor Mats, Runners, Electric Cell- ing Fans and Lights, Typewriters, etc., etc.

and

12 Steel Safe Cabinets

2 Iron Safes

On View from Saturday, the 18th November, 1939.

..Terms: Cash on Delivery.

LAMMERT BROS..

AUCWIONEERS

PUBLIC AUCTION.

GENERAL

BUDGET DEBATE

Continued from Pago 2

I

Government were to adopt such a scheme I feel sure the Public will readily and cheerfully The Honourable the Financial submit to some alternative taxes Secretary appear to have over-} which while enabling us to make "poked two very important obser- a substantial contribution to the vations of the Taxation Com- Imperial Govemment, would not mittee which briefly summarised. Be injurious to the Colony 43 are as follows:-

would be the introduction of In- come Tax.

HON. MR. PEARCE'S

SPEECH

(1) That the possibility of the successful working of the tax should first be the subject of a detailed investigation with the assistance of an expert pire- ferably familiar with the collec tion of the tax tn an eastern Before dealing with the proposal to introduce a Special War Budget, I

country.

"

The Hon. Mr. T. E Pearce sald:

(2) That it would be unwise to have some general observations to to impose a tax of this nature make on the Ordinary Budget for until a substantial body of 1940-41.

opinion in this Colony belleves. I appreciate the fact these »sti- that the tax can be levied fairly mates were drawn up and com- and emclently.

pleted before the outbreak of the The Hon. Mr. Calne stresses the present war, and I also appreciate point that because the exchange the fact the Secretary of State has rate of the Hongkong dollar has recommended that we should con- been stable for the last few weeks tinne with our social services, bat at about the highest limit permit-I do not interpret in these recom- ted under the stabilization scheme,mendations that we are to provide there has been no substantial out- for expenditure on a lavish scale. ward 'movement of capital.

to the tune of millions, for new

It is well known that the ex- and expensive schemes during the change rate of the Hongkong dol-present abnormal state of affairs. lar is subject to fluctuation In the Financial Secretary's caused by many factors which I memorandum on the financial need not enumerate, and I do not position and estimates, we read the think that it can be taken as any following:- evidence indicating the movement of capital In this connection I need only point out that the ex- change rate of our dollar in term of the Chinese dolar has depre-i clated quite substantially since

LAMMERTS' AUCTIONS October 12

A HEAVY INROAD

"In view of the uncertain out- look it has been decided to aus. pend completely all work on the Government

House, and до funds for it are to be providea

fr 1940-41."

I am no pessimist as far as the I have no actual figures avad-future of this Colony is concerned, able, but I have reason to believe but I do feel this same policy that since Income Tax was moot- should have been adopted through-

PUBLIC AUCTION. ed, the amount of Chinese cur-out this, Budget, for I maintain

THE

HE Undersigned have received instructions from Liquidators

and others

to sell by

PUBLIC AUCTION

un

Friday, the 17th November, 1939

commencing at 2.30 p.m.

kow Road, Kowloon.

rency notes that have been ship- and do sincerely suggest that the ped out of the Colony Is on the present is a time for caution and average of about a million dollars carta lment, and that not only the a day which constitutes a heavy new Government House but other Inroad on the foating capital of works, important though they may the Colony. In addition there is be, ahould have been held in that invisible flight of capital

abeyance until the atmosphere through transactions in sterling cleared, and a more normal state operated between here and other of affairs prevail. financial centres.

RECENT PROSPERITY

The Honourable the Financiar Secretary was somewhat caustic in It is clear Government has not his criticism of arguments ad- altogether lost sight of the fact vanced against the imposition of the recent prosperity of the Colony Income Tax, because of the d-has been due to a number of for- culties of administration, and he tuitous circumstances, due to the

for in

at their Sales Room, No. 35, Han. Saw At tu set his knowledge gino-Japanese conflict,

against that of the Honourable numerous items of increased Re Senior Chinese unofficial member venue, the explanations repeatedly as to how Chinese accounts are

given are, "Increased population." kept.

"Rise in Rentals and less vacant

A QUANTITY OF VALUABLE

HOUSEHOLD · FURNITURE

comprising

Divans, Teak and Iron Bedsteads, Wardrobes, Chests of Drawers. Dressing Tables, Washstands, Ches- terfield Sultes, Sideboards, Dining Tables, Dinner Waggons, Chairs, Cabinets, Desks, Bookcases, Tables, Carpets, Rugs, Wardrobe Trunks, Ice Chests, Pictures, Clocks, Or- naments, Cutlery, Tea and Coffee Sets, E. P. Brass, Glass and Porce-, lain Ware. Electric" Heaters and Lamps, Curios. Gramophones and Records, Blackwood Furniture, Cooking Utensils, etc., etc.

Two Radio Sets

also

One Electric Refrigerator

One Camera & Tripod "Zeiss Ikon"

and

A Quantity of New Linen including

and Embroidered Table Covers.

THE Undersigned have received Bed Sheets and Covers, Napkins,

instructions

to sell by PUBLIC AUCTION

00

Tuesday, the 21st November, 1939-

commencing at 10.30 am.

at No. 283, Prince Edward Road, Kowloon. (Top Floor)..

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

comprising:—

||

יז

On View from Thursday, the 16th November, 1939.

Terms: Cash on Delivery,

LAMMERT BROS.,

AUCTIONEERS.

CHINESE PRODUCTS

tenements," and such like.

I am sure that my Senior Chi- nese Colleague did not intend to

Apart from these indications, weave a net of mystery, about Chinese accounting as he were there is no gainsaying that much trying to defend it in that way. of the Colony's prosperity during It is fundamentally different in a the last 24 months has been due manner that it is not easy to to the fact it has been a larger describe. Those, who have oc- clearing house for China's trade casionnur to construe it, s tor than ever before, because of dim- instance in the courts of law or in culties in other Ports in China. bankruptcy, know how difficult" it is to reconcile it with modern ac- counting methods,

There is one aspect with which the Honourable the Financial Secretary has not dealt adequately and which should be weighed strongly against Income Tax as a "temporary war measure. I refer to the matter of organisation.

4s Income Tax is in reality a complex system of taxation, the organisation of the new administrative forces for its collection will require a good deal of time and the normal revenue-yielding power will only be reached many months or perhaps years after its en- "actment. By the time the new

machinery is in working order..." the war may have ended or be near Its end. The more I think of this aspect of the question, the more I fall to understand why Government should choose Income Tax to finance the way budget.

I therefore hold a strong view, not fully shared by my colleagues, that this Budget, coming at a time when the situation obscure, shon.d

have been framed to show a large surp`us, which if real sed, could have been held in * special reserve, and utilizeg at some more suitable time for the various projects referred to by the Senior Unofil:fal Member 12-woukt, I am con- vineed, have been more basi- nesslike to have postponed these projects and given them consideration when prices of iron, steel and other imported" requirements for building had returned to pre-war and rea- sonable levels,

MEDICAL DEPARTMENT The rapid growth of the Medical Department with its formidable number of highly paid staff, and consequent increas ng pensions list calls for some comment. I am ap- UNANIMOUS SUPPORT

preciative of the work being done With reference to Mr. Caine's and not unmindful of the lack of observation that the Chinese, mem- Hospital facilities as shown in the bers have made no speciale sug- comprehensive report recently

gestions for alternative taxes I published. I hope I shall not be would like to point out that in his described as heartless, if I here speech the Honourable Sentor Un-express doubts as to whether the official Member made it quite Colony can afford to pay this clear that he was speaking with

enormous Doctors bill, the unanimous support of all the

The question of providing bigger Preparations are being made by Unofficial Members when he asked

EXHIBITION

Bedsteads, Wardrobes, Sideboard. the Hongrong Chinese Manufac-Government for the appointment hospital accommodation will no

Dining Table, Chairs, Glass Cabinet, Bookcase, Glass and Brass Ware, Crockery, Standard Lamp,

Carpets, Rugs, Cooking Utensils,

etc., etc.

also

One "Norge" Refrigerator

A

On View from Monday, the 20th, November, 1989.

Terms: Cash on Delivery.

LAMMERT BROS., AUCTIONEERA.

turers' Untem for the annual ex- hibition of Chinese products.

of a committee to consider and doubt be tackled in due course.

have not yet been fixed, it is Colleagues and I have therefore no extravagance or unnecessary While the exact date and place make recommendation for suit- I hope when that time comes every able alternatives. My Chinese care will be taken to see there is learned that the exhibition will decided not to make separate sug- expenditure incurred. probably be held at Wanchal for a

In the meantime, I hope the week around the Chinese New Year gestion in that regard.

Day

I will now close by paying a Director. will, when developing the tribute to the Honourable the numerous schemes he now has in The exmitition ground will be Financial Secretary for the public hand, keep a watchful eye on ex- an open lot of 120,000 sqDİR

ture supported by lantern slides "A visit to Klondyke, at St. John's Hall, Hongkong: University, on Tuesday next. Nov. 21, at 8.30

spirit and unselfish sentiment expenditure." pressed in the final paragraph of his speech To meet his laudable

A.R.P. - EXPENDITURE

Prof. We' drown will give a lec-Wish I think that Government As I have frequently referred to

can easily devise a scheme where expenditure on Air Raid Precau by all Government servants whose tons at meetings of the Finance salaries reach certain figure should Committee, I must here again ex- be subjected to a special levy as a press my scepticism, as to whether war contribution]: +1%

Continued on Page 6

Am

FRIDAY, NOVEMBER 17, 1939. —PAGE

1525252525

CHILDREN'S

MERIDIAN PYJAMAS

IN

VARIOUS STYLES-

AND COLOURS

FROM

$4.25

ALSO

SLEEPING SUITS

FOR TODDLERS

FROM

$3.95

LANE • CRAWFORD • LTD.

The House of Quality & Service

Children's

Department

MEZZANINE FLOOR. ›

Write for descriptive leaflets of the

Tel: 28151.

THORNYCROFT

3-TON

NIPPY CHASSIS

Aptly named the Nippy,' for its quick get-away and high road performance, this new Thornycroft is available with

· 10′ 14′′ and 12′ 6′′ wheelbase in both normal and forward. control types," "has extremely economical 60 b.h.p. engine. 7* frame, Lockheed-operated Girling brakes, and space bodies up to 75 10" long, amongst its other fine features:

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Stands for Satisfaction

for

FOR FURTHER PARTICULARS

APPLY TO OUR

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St. George's Blár, Ist Flose,

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