1921-04-26 — Page 3

The Experienced Hostess Counts on Her

Victrola

She knows how it entertains everyone

It enables those who love music to hear their favorite music and their favorite artists.

It furnishen an orchestra for the dancers-an orchestra that keeps perfect time, takes up little room, needs no rest between encores.

Appropriate for all occasions, it fills in intervals

of conversation, and brings together people of differ ent tastes and interests.

P

We have a large assortment of the best instru- ments and records, awaiting your approval.

MOUTRIE'S

SOLE AGENTS.

Chater Road.

THE PURITY OF DER DRINK-

ING WATER IS OF THE

UTMOST IMPORTANCE..

CHAVIN'S

·SALLOR FILTER

Mare Water)

I thoroughly Reliable

Sizes 14 % 3 & 4 Galls.

STOCKED BY-

C. E. WARREN & CO., LTD.

30 & 32, Des Vieux Road,

THE HONGKONG

THE STAMP DUTIES.

(Continued from Page 23 Lo give up that power, he suggest- cd, would be to invite absolutely dishonest persons to attempt to evude the duties imposed by the

Bill,

The Schedule,

TELEGRAPH.

TUESDAY, APRIL 26, 1921.

50 cents to 20 cents for every $100.ing fund. If he might suppose that The sub-heading too would, offor their most important public course, he omitted altogether, as works for a period of say 25 years a loan of $25,000,000 were to be Clause 20 dealt with it.

Another amendment which he did raised, at what rate of interesti Government hope to float such a act mentimi in introducing the could this

loan at was in the fifth column, opposite the present time? English funds Transfer of shares. The words should provided practionlly 6 per cont:} be before exeration" instead of and other places in the East had Under the Schedule, Headingitto." In Sub-Meading 5 it was raised loans for public works at No. 4 it was proposed to abandon perposed to adopt the scale which either 7 or even 7 per cent.Hong-i -lo omit it altogether. It would he understood. had been proposed kong would find itself with the To doubt produce a very large by the Stockbrokers Association,oney expended and faced with revenue even if it was much re-with one alteration. The scale pre-interest at i per cent. and furth

the payment of $1,500,000 to mee duced. The difficulty was it was posed was this: Ep to 81,000 at the large sum for the sinkingfond very doubtful how far one could rate of $1, over $1,000 and up to That meant that the Budget would collect anything like the proper $10,000 at the zato ni #3, over 80,- be loaded with over $2,000,000 a amount. No doubt a great many and up to $20,000 at the rate of year. It was the experience that agreements would escape duty, and it was quite fair to omit that $5, over $20,000 and up to $50,000 new public works which had never clause altogether.

at the inte of $7.50 and over 850, boen foreseen kept cropping up Heading 5, he thought he had at the rate of $10. It was proposed under the beading of Urgent Ser- already mentioned in dealing with that that scale might bring in about viees" and they would also have to provide money in addition to what Clause 21, and that also was to be $50,000 tu $100,000. omitted.

He had omitted something in Sub-they provided for the loan. Heading No.12, Bills of Ex-Heading

4. Share warrants to change, Sub-leading 4, Letters of Bearer. He proposed to reduce Credit, had been objected to, and that to $1 instead of 92. it had been suggested that persons! living in the Colony would go out of Hongkong, to obtain letters of credit. He did not think they amount 85 instead of $3. could go into that, neither did hel Heading 45, Vesting Orders, he years before had advocated the think it ought to he omitted. had already explained in dealing floating of loans to pay for public works and had been sufliciently There was another form of letter with Clause 20.

Under Heading 42, Shippers Booka, it was proposed to make the

Posterity's Complaint.

He could only say that the Inst state woukl be worst than the first and that those who had to face the taxes to meet such a Budget would complain very bitter- ly against those persons who

17

67 credit, which, he thought, ought! The Hon. Attorney General con-effective in their arguments to get to be exempted from duty, and led by moving the second real-Another point arising on the prin the Government to agree with them. there was a precedent for it in ling.

the United Kingdoni Stamp Act. The Hon. Colonial Secretary revenue raising Bill, was that the One of the exemptions under the seconded. United Kingdom Act was letters

Hon. Mr. Pollock said that as he for credit granted in the United should have an opportunity of mos.

Kingdom authorising a draft to

ing amandments in committee, he

ciple of the Bill, which was n

Government had latterly been ex- travagant in its expenditure and that they were asking for revenue which they would not have bad to

be drawn out of the United King- did not propose to take up the time ask for if they had kept their Bud- dom payable in the United King-of the Council by making any re-get within

các

have

S:on.

He thought they ought to

a somewhat similar provi-marks at that stage.

Heading No. 1. increase

Freight Duty above

jected

Certain Misapprehensions. H. E. the Officer Administering iu

the Government said that the the

of Shad been ob- Attorney General had dealt very

홀라.. There WIN no

doubt, however, that that increas-|

ed duty would not be felt at all on the higher Freights and to meet the objection, as a compromise, it

rates of

pruper bounds. He did not know on what such argu- iments were based They bad lind works extraordinary than they had to ask for more provision for public

in recent years because during the war they kept that part of their ex.

fully with the amendments the pezuliture a low as possible in order

Government proposed should be that they might send

as much

introduced in the committee stage names as possible to His Majesty's him that the representations made the war. It was natural that after of the Bill. He fully agreed with

Government for the prosecution of

more

or

was proposed to make a dividing by various bodies of people in the four years of such a pahey they

Colony who were affected by the had many works of a Tine between the two

proposed increases in the Stamp less urgent nature which had duty-$5 instead of $3-under $5 Duty had been very useful to the been in alryanee, and that it was! to be 10 cents and over $5 to be Government

10 coming to it! 30 cents.

various decisions on that subject, them. Hou. members were aware, now necessary to proceed with Heading No. 16. Charter Parties, and he also agreed with him also, that That he proposed to reduce to recording the lovernment's appre from the Opium Monopoly had the revenue derived 15 cents instead of 25 cents. The cintian of the labours of the Com- during one of the later years of the present rate was 10 cents.

mittec which sat for months in war reeched a sum of over $8,000,- Under Heading No. 17, Convey-drawing up the amending Ordin-00, that it had fallen last year, he ance on Sale, it was proposed to ance. On the principle of the Bill thought, to under $5,000,000 and dividing line--$20,000 he would like to make one or two that it was likely this year to he instead of $5,000, allowing eer-remarks at that stage. The Bill, as well under $4,000,000. He could tain small transactions to escape was pointed out by the Attorney not tell whether that great fall in on the lower scale of duty. The General, and himself at the the revenite derived from the present limit was $5,000.

first reading, was one for raising! Beading No. 30. The Attorney more revenue; but the mere fact Monopoly was due to the General apologised for some of that the Bill was brought forward people of this Colony smoking less, or whether it was due to the the drafts being incomplete, but for that purpose had, he thought, smuggling of cheap opium into there was not time to draft them, led to certain misapprehensions, the Colony. Ho suspected that

4མཁིདི་ཨིནྡཡའི་འཐཱ། ཡཐཱལཾ,ཏུ]འཛི[དི·{“}falfe#q{lm{+ 2++ * }-4]ata-4-74-64-4+「hak2

JUST

HALL'S DISTEMPER

THE KING OF WATER PAINTS

Et Sanetary, washable, wick high dianteat

The gates take it prendre wall evezing for

Handed he all clean gu store mid Puenteze,

Write up Belar **Row Padenitrate Your Both

WILLIAM C. JACK & CO., LTD.

Syle Agent Hongkong & Sauch China

ARRIVED: BRASS AND WIRE METAL

BEDSTEADS

HOP CHEONG

Complete House Puristers, Manufatura x Exp plote of High Goeie Furniture Telephine No. (51.

So. Queen's Road Central

JUST

ARRIVED

A new consignment of

ALKIA & REUDEL BATH SALTRATES

that afternoon.

تاری

burden of

Public

INTER-WOVEN

Interwoven

TOE AND

*HEEL

SOCKS

MADE WITH WONDERFUL

WEAR-RESISTING

INTERWOVEN

TOES AND HEELS

NO. SEAMS TO GIVE WAY OR HURT, SNUG ANKLE FIT, PERMANENT LUSTRE.

IN SPECIAL QUALITIES PURE SILK MERCERED

$3.25 per pair. $1.75 per pair.

COLOURS: BLACK, WHITE, STEEL, DARK TAN, CIRDOVAN, CHAMPAGNE. SIZES 91⁄2 10 10 11 11 12 INCH.

LANE,

CRAWFORD & Co.

WATSON'S

Pure CARBOLIC SOAPS

SUPPLIED IN THREE STRENGTHS:

5 per cent FOR TOILET USE 10 per cent FOR THE BATH

20 per cent MEDICAL BATH SOAP

ANTISEPTIC DOG SOAP.

A. S. WAISON & CO., LTD.

THE HONGKONG DISPENSARY. TELEPHONE 10.

SUMMER DRESS MATERIAL

Dainty Summer Materials original pattern and tone.

NOW SHOWING

AT

WHITEAWAY'S

THE LATEST IN VOILES

The proposed amendment to No. One of the misapprehensions, he The latter WAX the probable 3 was a small amendment to thought, was that the Government reason. But the decreased revenue [two sub-headings which were was imposing on the present gen was in pursuance of the palies being changed. The effect of the eration

tax-payers greater adopted by the Gerament for proposed amendment was to make burdens than they should bear and the reduction of the consumption the duty on securities 10 cents that part of the

to che legitimate limits of the po- instead of 20 cents. It was pro-currying on the work of the Colung pulation.

They bud to TRINE pesud to make Sub-Heading 4 a should fall on those coming after evroue to meet that loss and they little clearer. 20 cents for every them. It had been suggested--and bad to raise revenue for the carry- $100 or part thereof of the ad-it was a very attractive suggestioning into effect of absolutely neces ditional principal sum secured at first sight--that part of the

sary public works. ξυ expenditure devoted That, he understand, was proposed Works should be met by loans-

Extravagance Denied. by nemorandum drawn up by the short term tonus, they had been It.ind been contended that part Chinese Chamber of Commerce, described as; and in that way the of the Government's road policy which, unfortunately, he had not yet had an opportunity of read-anus! Budget could he relieved of was extravagant and unnecessary A very large sum which appeared at the present time. He thought iny. lie only began to read it i under the beading Public that view was a mistaker one. The pest as the Council began to sit Works Extraordinary. Well, rad policy-that portion of the they bod heari of that red policy which was taking shape Under Heading 33. Part- proposal being pub forward the making of roads in the hill nership hstrument, jt was for some years and be, himself, district and eventually extending proposed to velice the duty from some years ago, was attracted by the system of roads to the south $20 to $10. He thought the Chinese it until he care to examine very side of the island-was ono which,

·ETşumber of Comtener also marte closely what the effect in after he thought, future generations) representations. OPEL That. They years of such a policy would be. I would recognise as having been af fought Se too high and that it

The Folly of Loans,

for seeing one. With the great would press unfairly

The usual practice in the case of development of motor trallic nad CHE1 smer Game.

self-governing Colonies had been the enormous use which could be Luster Hinding at in the Bill ai to borrow morey for their public made of it at very low rates, it was works and to attach a schedule to essential that the ever-increasing | rastake occurred for which he was such loans so that subscribers to the population of the higher levels in responsible. 11 appeared is though loans could see for themselves the this Colony could not remain de- there was an od malori in duty to be; works to which their money was pendent on one effective means vlagged on muruse policies. It was being devoted. The public works of access which was cut off ab- never intended that any and enform to which the loans were devoted solutely for seven hours every day. duty should be charged. By a were works of a reproductive nature. He need not go into the details of curious coincidence that particular which either at once or after a lapse the immense service that that road short failed to obtain, the revision of years wquki be remunerative to system and the particular road which the other sheets of the draft such an extent as to provide not system be had mentioned was go- had obtained. Hois. members had only the interest on the loen bating to be to the Colony's growing ais an adequate sinking fund. He population. It had been, in several before them the proposed re-draft could not see, in this Colony, evenenses, of great service already and YOU CANNOT AFFORD TO BE WITHOUT THEM. the first seven sub-headings of if the Government were prompted in the future it would be of oven

dat heading. In marine policies; to do

80, that

they could increased use. other than those specified, where raise B loon to which other item of expenditure to which The JUST received a large Consignment of (1) LACTOGEN the the amant insure did not exceed schedule could be attached showing objection could be taken. most digestive food for Infants which keeps good in quality during $1.00 the duty was 20 cents and any public works of a reproductive building of quarters for Govern, servants be considered Hot Weather; (2) LACTOSE (Mitk Sugar) for sweetening the foods exceeding $1,000 50 cents. The draft nature. They had no public works ment

should П policy which of Infants and Dyspoptics; (3) MILFORD-MCGRATH FLUID was a little anisleading because it or practically none which could to he INSECTICIDE the Best Fluid for destroying Fleas, Mosquitoes,itted two heads-duplicates of would pay for the interest and the gat

be said to produce revenue which be supporterk with the great- enthusiasm, and if it Bugs, Flies and all other, Insect Pests in Summer days; and (4)

policies and re-insurancs. JOHN CAHILL'S GOLDEN FLEECE, MAGIC and CINDERELLA

It was amortisation of the lous. There was considered that the prosent not propped to adopt those two fore, if a short term loan were clas of houses being created was occurred in the draft. sub-headings. They ought to have floated, to bo raised as required too expensive it must be remem. they would find themselves, after bered that those houses would Heading 36 should read "power of a certain number of yeare, with the require very low sums of money attorney or revocation of power of works completed out of the pro-lor repairs and would stand for very would bring in a certain income, excessive, was already a million nitrney." That appeared, he coedsoftheloan,but with no return many years raure than houses built although from the economic point dollare less than it was during the thought. in the existing Ordinance, coming in to pay the interest, or to at cheap cost and which would roof view the percentage was a low years of war. During those years. Under Ifending 41, Bhares, Sub-provide for a sinking fund; and the quire very heavy and extensive one and could not be made the he thought they sent over one The and a ball millions sterling to Bending 1, Transfer of Sheres, it result would be that their annual repairs, or entire rebuilding within excuse for raising a loan.

Highly recommended in cases of RHEUMATISM, GOUT, LUMBAGO, SCIATICA & SKI AFFE 1UNS.

COLONIAL DISPENSARY

· Telephone 1877,

14 Queen's Road, Central.

SOAPS for keeping everything clean in Houses.

PRICES are Very Moderate. Inspection and Enquiries are cordially invited.

老理代總粉奶牛

SHIU FUNG TAI & CO.

Sale Agence for Hongkong and South China.

47 and 48 Connaught Road Central, Hongkong.

Telephone No. 1239.

仔

He knew of po

PLAIN & FANCY

TOBRALCOS, PIQUES.

EMBROIDERED GOODS, ETC. ETC.

AT

COMPETITIVE PRICES.

WHITEAWAY LAIDLAW & CO. LTD.

HONGKONG.

was proposed to reduce the duty of Budget would be loaded with the limite of one generation. That Government's expenditure, which His Majesty's Government for the

large amount for interest and ainkpart of their present exponditure was thought in some quarters to be (Continued on Page 4).