1921-06-30 — Page 3

NOTICE

THE HONGKONG TELEGRAPH.

We will post you a Catalogue

of

MOUTRIE

PIANOS

if

you

ask for one.

See our prices first before

deciding on any other

other piano

either new or second-hand.

S. MOUTRIE & Co. LTD.

CHATER ROAD.

L&C HARDTMUTH'S

KOH-I-NOOR

MADE IN CLECHO SLOVAKIA

KOH-I-NOOR

THE PERFECT PENCIL

Is your pencil a

-KOH-I-NOOR

Viper is Creche Sia akt

or only an imitation ?

This famous pencil is sold by

SOUTH CHINA MORNING POST, LTD.

3 WYNDHAM STREET.

A Sure Cure for Prickly Heat and Other

Skin irritation caused by hot weather

盡

OUR PRICKLY HEAT LOTION AND POWDER

50 cts & S1.00

OBTAINED ONLY AT

COLONIAL DISPENSARY

Telephone 1877.

14 Queen's Road, Central

DINNER SERVICES, TEA SETS

FOR 12 TESSONS:

RUCS

CARPETS & TABLE COVERS

FLT

HOP CHEONG

Tole boze No. 11 Om Honey arushers. 55. Queen's Road Centis,

HOUSE RENTS.

Reply to H.E the Gover- nor's Statement.

We have received the following

THURSDAY, JUNE

1991.

Price paid Government, $10,000,00 Cost of building and v

other capital charges 138,680.53

$138,630.65

Return"

1908

11.78

1904

7.90

1905

9,31

1906

5.04.

1907

3.87

1908

201

hauser let between Jaonary and

1909

2.13

1010'

213

letter from the Acting Sacretary April, 1916, of the Hongkong Land investment. Jand Agency Co., Ltd, replying to

All houses let from 1st April,

The property during the year

the remarks in regard to house [1916 . {twelve month2 reckoned 1909 and 6 months of the year 1904) rents made by His Excellency thefrum 1st April cach renf) hav Governor at the last meeting of the Legislative Council.

Dear Sir, have been request,

led by my Directors to ask yep to)

kindly insert this letter in your paper as my Directors, consider

Hatara

∙1916-1917 -1917-1918

1.04

1918-1919

4.77

1919-1920

6.95

1920-1921

-3.35

that they would be failing in their No., allowance for depreciation duty to their Shareholders if they has been made in this account. - allowed the remarks made by His On looking into this account it Excellents the Governor to the «lii de sœen:- Legislative Council en Thursday

A3

the 23rd instant to pass unchal lenged, particularly

silezca might be construed as assent.

His Excellency's remarks were directed to the following mat- ters:

(a) The rack-renting of tenants by which term may Company

His presume

Excellency means the demanding of Во exhorbitant rent and not the generally accepted legal term which is a rent of the full value of the tonement. (b) The dispossession of tenants to make room for other ten- Bats who

Are prepared to pay a higher rest. (c) The farming out of Chinese

ten czsents.

(a) Dealing. Arst of all with The Rack-renting of tenants," His Excellency takes as an example

No. 1 Bowrington Road. 1st and 2nd floors, which presumably is a glaring instance of the form of ex-

That although the upset

was farmed out and is the reason far the increased returns.

(2) Marine Lots 107, 108 and 109. 99:116 Praya "East. 1/13 Burrows Street: 69/88 Wanchai Had

Purchased from

Siemssen & fo

30th January 1900 for

Cost of building and other capital char- kes.

$107,685,52

135,409.77

$263,095.29

price at the Government anc tion was $12,119.00 neverthe- less my Company had to pay $20,000 for the property

The following are the annual ewing to the competition at "the auction which of course returns after deducting Crown the Government took full ad- Rents, Insurance and Repairs, the vantage of and were parties last at of rentals collected.

to.

Return

2) That ile net return per

1000

&ST

annum to my Company of the property between the years 1916 and 1921 ranged be.... tween 4.71 and 6 29.

1901

2.50

1905

3.98

1906

4.95

1907

5.49

1905

1.80

4.83

1.84

(8) That in these figures no de- daction for depreciation has been made. A reasonable percentage, fer depreciation would be 35% per RAALTO. Had there beca a deduction of such 3% in this ease the result would be negligible.

(4) In this account no deduction for repairs has been made for the first two years.

From the above account it will tortion which he desires to bring be seen that this property has cost to light.

my Company $158,580,65,

My Company have made inqui-

At the beginning of this month fries into this matter and have as-my-Company was able to dispose certained that the true facts are this not very profitable fovest. as follows:-

ment for $200,000 showing a proft:

The Barrington Road Henses to my Company of $11,219.25 cm) have each three floors, the Ground their outlay. When entering into Floor, the 1st and 2nd Floors. No.this contract it was arranged by 1 Bowrington Road is an end house my Company that none of the ten- and therefore considered prefer-ants including those on monthly able to the others. It has side tenancies should in any event be windows which the others have dispossessed until the end of last.

August Bext.

Up till May of this year and at the present Eme the monthly reats of Nos. 1.3 and 5 Bewrington Road were as follows:--

Bowrington

Road So. 1

Xo. 3 Nr. 5

ponnin"

1909 1910

No deduction has been made for {depreciation.

(3) Marine Lots 107, 108, 109, 271, 283 and Inland Lot 499. Purchase prices as

per other sheets ..$263,095.29 209,957.94

$473,043.23

Return

111

1012

4.98 6.05

1912

6.03

1914

6.03

1915

6.08

1916

6.39

1917

5.57

1918-

B.11

1919 1920

6 mouths

4.5%

8.85

9.52 (p.a.)

1921 The account No. 1 which is a Dealing now with(e). The far direct renting out account shews| ming out of Chinese tenements." la constantly diminishing returni

As far as my Company are aware from the years. 1905 to 1910 rang- there are now only three, but wereling from 3.31% to 2.135 formerly four. European concerns The property during the year bolding Chinese tepement pro 1900 and 6 months of the year 1904) perty. All these concerns have at-was farmed cut and is the reason tempted without success to direct- for the increased returns.

rent out their properties but both floor.

The account No. 2 which is also $24 $24 8:5 ther have decided by heavily

Evernd

$25 $2 for

$24 $24 891 bought experience that the only an entirely direct renting out ae return ranging The 1st and 2nd Floors of No. 1 way such kind of property can be count shows Bowrington Road were and still efficiently managed is by the (from 5.495 to 2.80% between the are let to the Sanitary, Board for Chinese themselves and therefore years 1903 and 1910. the Sanitary Coolies. The month- the system known as "farming out" The account No. 2 which is the ly rent for the two floors was and has been adopted, which is merely still-is $27 only, whilst the ground leasing en bloe to the Chinese. for was and still is $25 per

My Company believe that Ear month. The monthly rents for No-jopean concerns own only 1/16 of

3 Bowrington Road were and still the total Chinese tenement proper- are Ground Floor $24, 1st Floorsty in this Colony. 1241, Esd Floor $25.

(3) That there is 2

farming out of all the properties

set out in acconata No. 1 and No. 2 shows the returns for the years

1912 to 1921 the year 1911 being. partly direct reating.

In none of these accounts is any allowance made for depreciation Amongst the difficulties which which as before stated should be On the 1st instant, the Chinaman European concerns and in renting

on the basis of $%. who had previously been farming out Chinese tenements are the this property gave up his lease following:- and another Chinaman took a lease; of this and other property. The new farmer seeing no reason why the Sanitary Board should have he 1st and 2nd floors of No. 1 Sowrington Road, being an end house, at $27 per month whilst the 'tat and 2nd floors of Nos. & and 5 were paying $40 and $43 respec- ively, wrote to the Head of the Sanitary Board stating that the ent of the two floors would be in- reased to $60 which is an increase of $11 only on the present monthly ent of the 1st and 2nd fours of No. 3 Bowrington Road, No. 1 Bow- ington Road being as before point- has been described by His Excel-

Every effort was made to collect constant proper rents by direct renting but loss of rent owing to abscond-after a trial of some ten years it was abundantly clear to my Com- ing tenants..

pany that the system was unsatis (2) That short of distraining for factory and farming out was re- rent each month it has beenorted to in the effort to secure a found most difficult and in reasonable return on the property. many cases impossible to During the ten years the property

has been farined out the nett re

collect the rents...

(3) That to stop the destruction turn based on the cost of land and to the properties such as buildings. erected, some 20 yests pulling down the wood work, jago, never exceeded 8.85% until etc, a watchman would have th year when the return promise

to be about 9,525%-a by no means, to be kept in each house. As the system of farming out anreasonable return.

That the Government of this!

ed out the end and therefore the lency as "a scandalous outrage Di Colony are act only prepared to public decency" my Company have take advantage of the present rise etter house and always let at a higher rent than the inside houses prepared the following accounts of in the value of property in this the returns in respect of certain of Coliny but are in fact taking ad which have no side windows.

As to the reason why the for-their properties shewing by ac-vantage of soch rise is abundantly mer farmer let the 1st and 2nd counts Nos. 1 and 2, the returns clear from the following ztracta when directly resting out and by appearing in the Hongkong Daily ficors of No. 1 Bowrington Road to the Sanitary Board at such a low account No. the returns when ress of the 24th instant bring

farming out.

Report of the meeting of the Fin- rental my Company do not know.

ance Committee... As regards (b) "The disposses-

other tenants who are prepared to

YOU CANNOT AFFORD TO BE WITHOUT THEM.ion of tenants to make room for

JUST received a large Consignment of (1) Lactobex Pay higher rents.”

My Company understand that most digestive food for Infants which keeps good in quality during Het Weather; (2) LACTOSE (Milk Sagar) for swestening the foodsnder this heading His Excellency of infants and Dyepeptica; (3) MILFORD-SICGRATH FLUID had in mind 1 to 3 Broadwood Road INSECTICIDE the Best Fluid for destroying Fleas, Mosquitoes and 1 to 8 Broadwood Terrace! "Bugs, Flies and all other Lasect Pests in Summer days; sud (4) situate on Inland Lot 2039. JOHN CAHILL'S GOLDEN FLEECE, MAGIC and CINDERELLA SOAPS for keeping everything clean in Houses,

PRICES are Very Molerate. Inspration and Enjuries are endially invited.

SHIU FUNG. TAI & CO.

Sale Agents for Hongkong and South China.

47 and 48 Coansuzht Rost Central, Honzk 14. Telephone No. 123o,

My Company have made out a comprehensive account which hows the exact financial value of this property to my Company. 1-3 Broadwood Band #nd 1-8 Broadwood Terrace. Inland Lot 2039. European Houses. ..

(1) Marine Lots 271, 283 and

Inland Lot 499. 165/183 Praja East Reclamation Scheme. Praya East 2/5 Tin Lok Lane,

The Governor recommended the 100/118 Wanchai Road, 1/19 Council to vote a sum of $194,800 Bowrington Road, 1/10 Chiin aid of the voté Puble Works, Shing Lane..

Extraordinary, Hongkong, Praye Purchased from Lin

East Reclamation, Scheme, 146) Read improvement at Arsetial September 1899 for $86,000.00 Street, Resumption-and alterations)

of Buildings... Cost of building and other capital char-

tead and Davis 23rd

ges

EXCEPTIONAL VALUE.

FEATHER WEIGHT VESTS

AND DRAWERS

SHADES BLUE, PINK AND CREAM

3 SUITS FOR 10.50

ALL SIZES.

4 SPECIAL OFFERS IN

SOCKS.

ALL WOOL 6 Prs..

4

$ 8.50

WOOL & COTTON 6 Prs.

FANCY COTTON 6 Prs.

HEAVY SILK 6 Prs.

.$ 6.00

$ 450

$15.00

Sizes Range from 9% to 12.

ALL COLOURS.

LANE, CRAWFORD & CO..

QUARTER PRICE BARGAINS

AT

WHITEAWAY'S

GREAT RE-VALUATION SALE

4 DAYS ONLY

MONDAY, June 27th 10 THURSDAY, June 30th.

L'sual Prices.

$5.25 $5.75 2.50 6.50 4.50 5.75

$16.75 $28.50 12.50 29.50 18.75 16.50

$3.50 to

WHILE THEY LAST." --

Childred's Zepher and Gingham frocks and white Muslin dresses. Various sizes.

Ladies' Georgette & Crepe de chine & Jap Silk Blouses in Pink, Blue, Heliò, Hanva Sare, Emerald, etc, etc,

ALL GREAT BARGAINS

Quirter Price

$1.35,95cs, 65cts... $1.65, $1.15 1.00, 95cts.

$4.20 $7.15 3.15 7.40 4.70 95cts.

Ladies Voile, Maslin and

90 cts. to

$10,75

Batista Dresses,

$2.75

$22.50 to

$39.50

Ladies Model Millinery..

About 20 Smart Model Hats.

$5.75 to

$14.95

$2.00 to

50cts. to

$2.75

Tacts.

50 cts. tö

$3.50

A lot of Fancy Collary, Collarettes. Neck Trimmings, ele, etc.

15cts, to

90cts.

Ladies Waterproof Hand- bags. Made from real Water- proof Material in various Colours.

HUNDREDS OF OTHER BARGAINS ALL REGULAR STOCK 25% OFF

WHITEAWAY LAIDLAW & CO. LTD.

HONGKONG.

Asahi Hoan Lager Bee

The Chairman: The sum re- 123,947.94|quired for reaming the buildings

and land included in numbers & $209,947.94 and 8-on the Praya East known. Es Blue Buildings is $190,000 azið the marine rights of that land and} ^.

which will make a total of $184,80o).

Purchased from the Government The following are the annual re- marine lot 66 conse to $104,800 10th September 1913, Gazette Upturns after deducting Crown Baut ket Price $12,119.00, area approx | Insurance and Rairs, the last a 24,288 sq. ft.

5% of rantale dnf sted.

(Continued on Page 6).

SOLE KAGENT

DAI NIPPON BREWERY COMPANY UNITED TOKYO, JAPAN. SPECIALLY BREWED FOR EXPORT

A METSUL BUSSAN KAISHA, LTD

ÞINGKONG.