1941-04-30 — Page 9

HONGKONG DAILY PRESS

ENDOWMENT GAIN ON

SALARIES

LESS THAN £1,000

CANBERRA -The Minister for Labour and National Service (Mr. Holt) sald tonight that on the average families with less than £1,000 a year would gain by child endowment, but those with more than £1,000 a year would pay more in extra income tax than they would get in endowment.

AUSTRALIA. AND JAPAN

In the "House of Representatives"

Mr.

FINANCE & GENERAL

Finance and Commerce

RE-OPENING OF Industrial

CHINESE BANKS

BY S.M.C.

the first reading of the Child En- EXTRA PROTECTION dowment Bl was passed, and, after

Holt had explained briefly plans to finance it, the dew bate on the second reading wES adjourned.

Development In Kweichow

WEIYANG, Apr 29 (Central)

-The Ewelchow Industrial Cor- poration is tightening its exorts to develop both light and heavy industries.

NOTED BRITISH

ECONOMIST Mr. Keynes To Visit Washington

Lend

LONDON." Apr. 29 (Reuter> CHUNGKING, April 29 (Centra

The famous British economist, Mr. -Both Chinese and foreign circles

J. M. Keynes, member of the Eco- A cement factory has been set nomic Advisory Council is making MR. T. KAWAI ON

Mr. Holt explained tonight that were favourably impressed by the

re-opening of the Shanghai bran-up at an undisclosed place and is a brief visit to Washington at the the TOKYO'S POLICY families with more than £1,000 aches of the Central Bank of China, expected to put out cement before request of the Chancellor of

An ironworks Exchequer to confer with the MELBOURNE, Apr. 29 Reuters year would lose by the endowment the Bank of China, the Bank of the end of June. -Japan has no intention of mov-scheme because of the discontinu-Communications and the Farmers will be opened before the end of United States Administration and Bank of China yesterday, accord- this year and a sugar refinery will the British Supply Council on the ing against Australia, declared Mr. ance of statutory - deductions.

begin operation within June. The income level at which the ing to a Shanghal dispatch.

operations of the Lease and Tatsuo Kawai, Japanese Minister |

They believe that the re-opening....

Additional machinery has been Act and other related matters to Australia, in reply yesterday to benefit would disappear would de." pend on the number of children

the Chinese Indicated

Govern installed in the colliery, for the recent statements made here. "

The name of Keynes has" been He said that it was the ambition in a family.

much before the British public ment's effort to maintain the Ohl- increase of production.

facilitate A new kind of clay suitable for since the outbreak of war in can-. of the Japanese to expand trade

nese currency and to financial transactions in Shang-making pottery has been found in nexion with his plan for compul- Kwelchow. A pottery and porce-sory savings aimed at curtailing lain factory will be set up before private expenditure. The general the end of May.

idea of this plan was borrowed by the Chancellor of the Exchequer

relations between the two coun-

tries.

Mr. Kawaj called on the Austra- Han Labour Leader, Mr. John Cur- tin, and had over one hour's con- versation.

For instance, a

taxpayer Wilh £1,000 a year and two dependent children would pay £2 more Federal income tax than he would receive in endowment

A man with 2000 a year and

hai

The extra protection accorded by the SMC. to the banks is general-

"Municipal Potter and members of the Volunteer

A people seeking Corps are guarding the entrances.

searched."

ly appreciated. two dependent children would re- Mr. Curtin afterwards said that cetve £5 more in endowment pay- they had a full and frank discus- ments than he would pay out

יל

affairs and ston on international that he would return Mr. Kawal's call.

'extra' Federal taxes.

in

· LABOUR'S' POLICY Labour's policy on the details of SOUTHWARD EXPANSION the child endowment plans will be SHANGHAI, Apr. 29 (Reuter)-A | determined before the debate possibility that Japan will shortly the bills is resumed next week by launch upon 巍 penetration of the Leader of the Opposition (Mr. Southern Indo-China, including Curtin.

on

entry

LIVE WIREN

TA

in the new budget which provides for crediting to tax-payers a por

tion of their income tax for use

by them after the war

WEDNESDAY, APRIL 30, 1941.-PAGE

Poor appetite?

TAKE "

"BLACK

WHITE"

YOUR FIRST SIP TELLS YOU IT'S THE SCOTCH.

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted

Mr. Keynes was a civil servant for 13 years and is now back at on Tuesday, April 29, 1941. the Treasury. He drafted some

CHUNGKING, Apr. 29 (Central) The shortage of rice in Shanghal is becoming more acute:

According to a Shanghai report, the price for Saigon rice rose to $138 per picul yesterday, registering As an additional precautionary a rise of $10 over that of lass measure, iron gates and barbed-Saturday.

Intricate agreements for Inter-HK Banks wire entanglements charged with

and Star Ferries im Avenue Joffre in the French Allied Loans in the last war electricity were installed.

The Central Bank sub-office in Concession was amalgamated with was the Treasury's principal ad-Union Ins. Avenue Ro1 Albert in the French the Bank's branch at Avenue Ea-viser at the Peace Conference Saigon and Camranh Bay, is sug- The Caucus regards the measure Concession was amalgamated with ward VII in the International Set-

outstanding importance gested by foreign observers in of such

that members will return to Can-the Bank's branch in Burkill Road tlement but all Shanghal

These observers think that the berra on Monday for a special the international Settlement were reopened at their original time has come when Japan, for party meeting to review the mea- and the Farmers' Bank sub-office premises

psychological reasons, may be ex-sure and to decide on any amend- pected to attempt to show some ments which may be moved. frults from the Soviet pact and It was evident that, apart from Mr. Matsuoka's visit. to Berlin in its objection to the payroll, tax, the way of a southward expan-which sion

14

other

branches

HONGKONG SHARE QUOTATIONS

will not be pressed, the STOCK EXCHANGE, Labour Party is well pleased with. They believe that the sudden the measure Japanese press campaign against

MINOR AMENDMENTS

Balgon and Southern Indo-China Labour, therefore, will generally may be the forerunner of such an support the bill, but it may move expansion.

NO LIMIT

AUSTRALIA'S EFFORT

SYDNEY-Australia could proud- ly claim to rank on a comparative population basis with the most highly-industrialised nations in the world, the Acting Prime Minister

Mr. Fadden) said at Newcastic.

In munitions work alone it was

a few minor machinery amend- ments to make even more liberal,

; provisions which Labour members

admit are already very. Liberal

An amendment was foreshadow- led to make the endowment pay- able on the first dependent child as well as subsequent dependent children of widown

will seek Labour probably also the continuance of the £50 statu- tory deduction from income tax for children for whom bounty 18 paid on the Inwer grades of in- ¡comes.

This concession. however. will de expected that 150,000 persons would considered in the Income Tax

be engaged by the end of June. Or Assessment Bill, and not in men-

these, 30,000 would be producing sure now before Parliament.

munitions and 70,000 materials for

munitions.

Outlining the rapid advance of

industry in Australia, Mr. Fadden

said Australia was now-

Equipping the Air Force with

Australian-made machine-guns, bombs, parachutes and technical equipment.

Producing destroyers, torpedo-

KWANGTUNG TO

INCREASE FOOD

PRODUCTION

The Ministry of Agriculture and boats, minesweepers, boom defen- Forestry has appropriated $1,200,- ces and other vessels, aluminiuma 000 for the increase of food pro- depth charges and other weapons duction in Kwangtung, according to Mr. Ho Po-ping who was sent Building planes in Victoria and here by the Ministry as Vice-Chief New South Wales comparable in of a Bureau for the Supervision of quality with those produced any- Food Production to be established where else in the world

for the Navy.

in the province.

The appropriation, Mr. Ho re- Well advanced in the manufaevealed, was in accordance with ture of Beaufort bombera.

plan outlined by the Ministry for Breaking new ground in manu the increase of food production facturing for the first time anti-every province in Free China. A aircraft guris. Bren guns, 25lb. total of $9.500.000 has been allo- howitzers and other guns for the cased for this project. Navy, as well as equipping all three services along lines never before attempted,

20 MORE ANNEXES "There will be no limit to our ex- pansion while the war lasta" Mr. Fadden said.

With its share of $1,200,900, Kwangtung is expected to increase 1ts food production to 9,000,000 pleals in the current year," he said. Mr. Ho further revealed that in accordance with the Ministry's three-year agricultural reconstruc- "Private Industry will be mar- tion programme, Government-own- shalled even more. Twenty more ed agricultural centres will soon be munition annexes are to be added established in Kwangtung. Already to the 40 already in operation."- under preparation are a sericul- The Munitions Department, in tural and a fishing centres and an the current financial year, pro-prchard for growing orange trees. posed to spend £15,500,000 onl-Central News). machinery and plant buildings,1

works and raw supplies. reserves. while the value of munitions pro- duced in the same time was ex-

pected to reach £38,000,000.

Mr. Fadden, the Minister for the

KIANGSI REFUGEE

RELIEF

TATHO, Apr 29 (Central)-The

Army Mr. Bpender), the Minister Klangs Provincial Government is for the Navy. (Mr. Hughes) and the planning to enlarge the four re- Minister for Trades and Customs fugees' factories in the province (Mr. Harrison) were guests at a and to establish more reclamation Chamber of Manufacturers dinner, centers to accommodate the re- The acting president of the New fugees in Kiangel with an appro- South Wales Chamber of Manufac-priation of $700,000, which will be tures (Mr. H, J. Hendy) protested borne equally By the provincial against the holding of secret ses-government and the National Gov-

ernment. slons of. Federal Parliament.

The people of Australia can be told a good deal more about our war effort," he said.

Klangsi refugees have been in- creased by more than 20,000 since the fighting at Shangkao.

Buyer Sellors

Balon

Nominal]

$70

SHAREBROKERS' ASSOCIATION

TUESDAY

Ruyer

Bollars

S

Komal ·

29 APRIL,

Banks

$1325

H.K. Banka

£784

£70

Do. (Lon. Reg.)

£RA

£11

Da. (Col. Reg.) ...........

Chartered Banka......

£22) Mercantile Bks. "A".

Mercantile Bra. "O".

Bank of East Asia........

N. C. & B. Banks..... Insurances

$222 Canton Insurances..... Union InsarANÇOE...................

Underwriters

+

$430

145

$1

$187

H.K. Fires

$80,

:

Shipping

$135 Douglases

$81.

160-

40/7

Steamboats....

Indo-Chinas (Prel.)... Indo-Chinas (Del.)

Shells

$0.55 Waterboste ........

$85

85

Docks, Wharves.

Godowns, etc.

H.K. &. Wharvel... Providenta

316 H.K, Docks ́ (Old)....

H.K. Docks (New)..

· 825] | †Bhaoghná Docks.

Mining

14/0

$8

Kailacs

Raubs

cbs., Hong Kong Mines...........

Lands. Hotels and Buildings

BURMA ROAD

Paoshan Section To

Be Resurfaced

KUNMING, April 29 (Central)—'

H.K. Stock Exchange

BUYERS

Bank of East Asia, #10. Indo-Chinas (Pref.) $50.

Providents, $4,30.

Hotels, $2.80.

SALES

2 $1,325,00

75

51.25

10

420.00

Lands, $30.50.

Star Ferries, $50.

87

The total value is $10,693.75 and 1.B.$462.00.

Bonds-1925 G.$250 33, at 28 per

cent.

LONDON STOCK EXCHANGE

LONDON, Apr. 28 (Reuter) —. The Chinese Government has de-On the Stock Exchange yesterday cided to resurface the Paoshan the market was firmly held, heart- Wangting section of the Burma

ened by the Premier's speech, but Road with asphalt. This section business was very quiet and was $1326 which traverses mostly billy re largely confined to gilt-edged £78)sions is most difficult to travel. securities which were unchanged

F70

Overseas Chiness in the South (or the day £221 Seas are supporting this project. Among the Industrials, Cable £113 The South Seas Chinese Relief and Wireless were strong, while

Federation of whìch Mr. Tas Kah- motors and some steel were slight- kee is chairman has set aside ly higher. Oils were quiet, Attock $20,000 for the purchass of mate- and Anglo-Iranian being lower.

"E83

$70

18 e

$222

$426

rials and repairs.

11

180 ota

The

materials have

#187

shipped to Yunnan

now been and

work will begin soon.

$125

$71

880

$60.

49/7

*****

**

Kafirs were idle.

Lights (0), $5.75.

Macao Electrics X.D., $17. Watsons, $0.

Entertainments, $8.25.

SELLERS

Union Ins., $430. Providents, $475.

Lands, $33. Trams, $18.

Electrics Rts,, $14. Telephones (0 $23.

SALES

HK, Govt. 31% Loan, 941. HK Bank, $1325,

Union Ins., $420.

Star, Ferries, 551.25. Lights Rts., 40 cts.

RAUB AUSTRALIAN GOLD MINING CO.

The Hongkong Stock Exchange yesterday received a cable from In the foreign market, Egyptian Raub Australian Gold Mining Co., repair bonds were unified and firm. and in translating reads as follows:

"Report 571 Ounces Fine 1,406,"

Wall Street was hesitant.

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price, given below 2-

SITTIATIONS VACANT.

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid

Rate of $1.50 for THREE INSERTIONS.

If Charges collected, $2.00.

$851

$15

HOUSES AND APARTMENTS WANTED.

$254

14/0

$8

$2,80

H.K. & 8. Hotels......

$2.90

293

H.K. Lands...komen

$33

$97

Do. 4% Debentures....

07

123 Shanghai Lands....

82.90 H.K. Realties..

Sx

$6.70

28.70 Humphreys ......

Chinese Estates..

Cotton Mills

$99

#38 8:200

Ewo (6.)

S'hai Cottons (8.)...

Zoong Sings (8.).....

$18.20 $15.90

1r|

871

852

$23

#02

86 86

$14

326

#141

X.D. $17

Macao Electrics (Old))

$5.90

$28 $200

$125

#01

823

914

$24.60

124

| $13.66

225

HOTELS

floor.

B

Tel.

TEA DANCE

Wing On Textiles (8.

Public Utilities

H.K. TramwBYS........ Peak Trama (old).... $34 Peak Trams (now)...

Star Ferries........................... Y'mati Ferries..........

Chine Lights

China Lights (New).

X:Rts. $264, Flectrica (Old). IR.

$12

H. K. Flectrica(New)... HK Electrie (Ris)

Macao Electrics (Now). Brudakan Lights.........

823 Telophones (old)......

Telephones (new)........-- Industrials

FLAT TO LET-Cement Concrete European Style House-1st floor

No. 23 Ho Mun Tin Street, Kow- loon, 31 feet, Wide. 125 feet Long. Facing East. Apply to Compra- dore, Mackinnon, Mackenzie & Co., Telephone No. 21881

WANTED:-For Accounts Depart- ment of important European Estate $18.93 Agency House in Kuala Lumpur $71 Experienced. Assistant, preferably 834 qualified Incorporated Accountant or Chartered Secretary or similar. Reply Box No. 218, c/o HKD.P.

WANTED KNOWN

Experienced Book-keeper Wants Students to form a class. Guaran- tae students to keep a whole set of books after completion of a course $0.20 of 6 months. For Term and Par- ticulara. Please. Apply to:-Box No 403

c/o HKDP.

#23

WANTED TO BUY

WE PAY HIGH PRICES for all gold and silver articles. Jade diamonds, jewels, watches, fountain pens. Apply Far East Diamond and Gold Refining Co. $1.86 Room 621, China Building, 6th floor. (Store will open on Sun-

301

and Folidays). days

General Agent: Chan Che Kee No 4, Lyndhurst Termee. Tel

PAY HIGH PRICES for all gold and silver "articli gold bare, diamonds and jew Apply China Gold Refining Padder Balidia". 2nd four "Reout"

WE OFFER HIGH PRICES for any amount

of gold articles, diamonds, silver, jewels," etc. No holidays. Apply China Building, 7th

30727.

EURASIA GOLD REFINING. CO.

FOR JADED APPETITES!

REAL RUSSIAN FOOD

'Tiffin $1.20 *•* Dinner $1.50

METROPOLE HOTEL

BUTTERICK-

Expert, Ladies Tailor

New Style Ready Made Dresses, Overcoats and Costumes

FOR SALE.

16, Wyndham Street.

ENGRAVERSTM

FEI FEI &

Photo Engravers 18, Cochrane Street. Telephone No. 22224.

Engray CO

AUCTIONEERS

GREATEST COLLECHON OF BARGYAS IN POWN!

LAMMERTS SUCTRON BRACAM

DAILY

EXCEPT MONDAYS

5 to 7.30 PM.~

AT

Jimmy's

Help Your Friend and his Hobby by giving POSTAGE STAMPS

for

his COLLECTIONS--

and

SEEDS

for

his GARDEN

We can supply the goods of his and your want

GRACA & CO.

Dealers in postage stamps and garden seeds etc. No.: 10 Wyndham Street.

Established 1896 ||

HONG KONG

PITA Mi

DURROTA KERR

$82

$30

Cald., Macg. (Ord.) 8.

$25

Cald., Macg. (Pref:)S

#1

Canton Ices......

73 oba

$15

Comente......

$15

$7

$97

sr.

$1

(1934)

H.K. Ropes

HK Govt. Loans

4% Loan

$944 81%

894 81%

(1940) Miscellaneous

$171Dairy Farmis,

#01

EntertainmentĚT

1.80 Constractions. (old)..

Constractions (now).

#71 Lane Crawford.ne

Nanyang Tobacco......

$2.10 Sinceres

28 Ch. 0.5% 19250$Bdı

S'bai Wing On

17.30 Vibro Piling

6/3 Maesmana Inv....(Lon,"

2/6

Marumans Inv. (H.K.)

Wm. Powells..

Lights Rta...

↑Bala to Shanghai

861

Waterne

$39

4.K. Wing On

1

$17

14

$2.20

$0.20

28

$42 $14'

26402

WE

Tel. 23815