1923-10-05 — Page 3

"No Sir, It's Not New-- Merely Dry Cleaned by the STEAM LAUNDRY CO.

HEAD OFFICE & WORKS, YAUMATI. Tel. K. 32. HONGKONG DEPOT. 16. Stanley Street Tal. C. 1279.

LIFEBUOY

IF YOU POSSESS ONE

HYDES EXPOSURE METER We guarantee you will take photographs with right Exposures.

Sole agents in Chios.

Tel. 317.

HALL, LAW & CO.

10. Des Voeux Road. Central.

JAMES STEER.

9, Ice House Street.

WATCHMAKER AND JEWELLER.

10:

THE HONGKONG TELEGRAPH,

CHRONOMETERS, CLOCKS, WATCHES AND NAUTICAL INSTRUMENTS REPAIRED UNDER MY-

PERSONAL SUPERVISION.

TEL. CENTRAL 2877

TEL. CENTRAL 2877

GOLDEN STATE BUTTER

From CALIFORNIA CREAMERIES.

Sold by all the leading dealers in one pound cartons - (FRESH)-and and I lb. tins

SOLE AGENTS GETZ BROS. & Co., of the Orient Ltd.

PROVISION DEPT.

JAPAN COAL

AND

GENERAL IMPORTS AND

EXPORTS

AGENTS FOR:-

THE MITSUBISHI MARINE & FIRE INSURANCE CO. THE OSAKA, MARINE & FIBE INSURANCE CO.

MITSUBI SHISHOJI KAISHA

(MITSUBISHI TRADING CO., LTD.) HEAD OFFICE:--TOKYO

NO. 4 PEDDER ST., HONGKONG....

HONGKONG SURPLUS

FUNDS.

LOWE

FRIDAY, OCTOBER 5, 1923.

Public Warks. Crown agents who bava, dücre Lionary pawers to their 5. With regard to the concluding disposal. The money is partly in: | Darograph of the question the vested and partly used for shark Director of Public Works will be REPLIES TO THE HON, MR term loans and the purchase aljasked to malude in his annual re-

Treasury billa -:

put such information of this The Crown Agents have meenily justure as he may think adexable, At yesterday's meeting of the

invested £25,000 In Queen bis 14 runsidered that no useful Legishstive Council the Hon. Mr. and 4 per cent bonds 1920 95, | purposes will be served by the con- |A. R. Tome submitted a number of from which it is clear that they stunt reprodustion of there columas

with questions

to regard the regard them a #atisfactory of figures. Colony surplus funds, elp. The investment. Whether they koaks questions were as follow.

further purchases of these bands (* 1. Will the Government explain | will по doubt depend an under what rules and regulations whether tha market onditions it acts with regard to the e-make such investment profitable. playment (and at what rate per Hon. Mr. Lowe: Arising cut of cent) of the large surplus funds the Antwer to the question,GARRISON RECREATION CLUB apparently at the disposal of the I sbuuld like to ask if the: Government as evidenced by the Government is aware that the last

loans Ja

| $1,221,858.30 and also state whe notice it be misbes

ther it is satisfied with and intends the subject. to increase its recent investments i

of £21,000 in Queensland Govern- ment Stock?

No Over-taxation.

LAWN TENNIS.

FINALS.

The

win-

latest published Monthly Cashflown the Queensland Government A fair number of spectators at- Statement for May contained tried to mise in the Lood- n'marketended to зве the Club's semi- in the Gorernmen Gentle ass not well nesired, and that final and inal matches for the of 10th August. 1943, wherein they are committed to repay some Challenge Cup yesterday. it is shown that there is $7.837- 20,000,000 within the next few victories of both pairs in the semi- 487.43 deposited with the Crown years? With regard to interesti

finals were easily earned but the Agents in London and Invest nothing mentioned in the ments costing $3,977,362.25 (swer with regard to the interest final match went to four sets be prèsenting a market value of

to Crown agents.fore a decision was reached. The |about $7,040,003) besides a balance

R. E. the Governor: I think the four who qualified were Q. S. M. (presumable in locall Banks of honourable

memer sbruld give Foster and Pte. Collie against purvus S. M. Stroud and S. Q. f. S. Den- nis. The last named pair were : the successful combination, The Colonial Secretary: Toaning the first, third and fourth Member bas otse's. The winning and older pair cambias Land Sales from Re- were far steadier as

Works Er. tion than was the case with the Public from expenditure, sp losers. They were rarely beaten parently implying that one and in fact often let their oppoo- hould be expected to balance the ents beat themselves. A good all other. In the seats

1920 22 is round game with any amount of elusive $1,912 251

realised steadiness characterised the playi from Lia Sales and $9,195 038 of the winners. Foster must be Puble Works complimented for the same he Extraordinary. basing a deficit played. It was an uphill affair at $4,272.78T to met from for him, his partner. Collie, being Dunag these! by far the weakest of the four and three VPBIN the surplus bal. at times rather unreliable. Foster!

9 Assuming the following figures, Honourable to be correct will the Government ed consider the advisability of revenue and ducing taxation in the shape of treordinary Rates and for Liquor Duties:

Estimates

15,338,335

14,866,8154

731st May, 1923.

Recurront

Apparent

Surplus

foxcluding Land Sales). Expenditure.

nvorta xalion.

Balances,

1920

$14,188,327 • $11,933,715

$1,199,607 ₺ 4,490,266

1921

16,064,0814

12,686,127

4.407.507

6,478,745

19,569,261

14,987,366

4,581,995

12,658,642

37,067,270

2,628,035

OUTADIE

2261

1923'

#82 sp at

revenue or luso

*8.2

תי

а

anera iocreased tr # sum ofi

was all over the court, and it was $3,08,576, F which auto, hoe

hard-Iack for him that he had mat lever. $2,451 935 ↳ả n brak "DIT

ceprescating ductatica exa stronger partner. The first set Stroud and Decnis at change. The se val surplus, apart went to from gain on exchange, is $5.710,14-6, but after being 4 all in the second they lost it at +6 The them somewhat of only two

GAL

įsurplus

The averag amat pesived third went to from Land Sales during the air easily for the 1033 **ars 1914 1915 iclive Was games. It was in this that Collie $191,571. If this average had been struck a bad patch and was mis- maintained during the years 1920 hitting and hitting out of· court- 1922 the recripta would bave been rather frequently. 5575,115, agsinst the 51012,23) The fourth set saw a fine strug- actually received. Except there forege and when the light began for the fact of the lead boom, and

calied. Denuis to fail 5 all was the profit made in exchange the

and Stroud, however, pulled out aj representing bat the

bit extra and carried the next two Honoura Member calls ap

and match. parent Taxation during the games and the set period 1920 22 would bave been They were good winners but the lasers thoroughly deserved all the app ximately 31,400,000,

The icvernment does not agree games they secured.

It Scores: Semi-final: Foster and 3. Will the Government, ex-that the Colony is pre-tax-d plain the legal difficulty, referred is obvious copman sease to take Collie bt. Longbottom and Brown.

advantage Di 80 exceptioanl 6-1, 6——–1. to by the Officer Administering! the Government in 1922, which period such as that of the la- brre prevents His Excellency the years to accumulate reasonable re Governor exercising his rights of serves towards meeting the beary' the expenditure which lies ahead, and by repayment conferred Ordinance governing the Wari it would be the height of unwi-dom Loan of $3,000,000 of 1916 and. if, deliberately to reduce the ri-ld of it is the case that the borrowers! permanent sources of revenue when have been given better terms than it ia c-rtain that the large revenue the Ordinance authorities, further derived from opium must ratirely explain who the officials are who cease in the near future. have caused the resulting loss to

War Loan Repayment.

Stroud and Deanis b. Gillow and Randle, 6-4, 6-3.

Fizal: Strond and Dennis bt. Foster and Collie, 6–3, 4–6, 6–2, 7-5.

Col. Butter-

match After the

worth congratulated the winners and complimented the losers

the fine game they had played. Miss Butterworth then presented the prizes that had been won as follows:

the Colony through 6 per cent 3. At a meeting of Council held on being paid on the loan and the the 26th October, 1923, the Hesour

Doubles Challenge Cup and re- money available to repay it being able Mr. A. R. Le referred to this plicas. Foster and Collie: Cups to invested elsewhere at a lower loan, stating that part of the sink-

rate?

4. In view of the fact that fund was inveated with the league winners, Q. S. M. Foster, Government banker at a lower Col Hill, S. Sgt. Wright. 5. Sgt. there is a clause in the local rate of interest than the lean bare Gillow. Cpl. Randle and Ordinance giving the Crown and suggesting that it would there. Collie.

Pte.

Agents power to use the Sinking fare b- profrable to pay the loan She also presented cups and Fund monies to repurchase and off. The Offer Administering the spoons to the runners up in each cancel any part of the Inscribed Government. replying without erent.

Stock Issues of 1893 and 1906 notice, referred to a legal dificulty At the conclusion three heart whenever the loan is below par and said that he believed that it cheers were called for and readily have the Government drawn the was por paraible to pay off the loan "given for Mr. May for carrying attention of the Crown Agents to The question of paying of the through the tournament and to. the matter since the last Budget loan was raised in 1918. sad the Miss Butterworth for kindly pre-1 Debate and. if so, what answer Government was advised that itsenting the prizes. has been received?

could not do so until after the 30th

3. To enable the Council to October, 1921, axcept by amending

obtain a comprehensive grasp of the law. The Sinking Fund je

RADIO EQUIPMENT OF EVERY DESCRIPTION.

You can hear the tests being carried out by the

HONGKONG HOTEL Co., Ltd.

At 6 p.m. daily in your own home, but make sure that the set you purchase has been approved by the Postmaster General.

We guarantee our British made sets to comply with any future rules and regulations in respect to receiving sets in Hongkong.

For information and particulars visit the

ELECTRICAL DEPARTMENT of THE HONGKONG HOTEL COMPANY, LIMITED.

FIBROUS PLASTER RE-DECORATION

FÖR PRIVATE RESIDENCES, THEATRES,

HOTELS AND OTHER PUBLIC BUILDINGS.

WE SHALL BE PLEASED TO SHOW OBE MODELLING STUDIO TO ARCHITECTS, BUILDERS. OR ANYONE

INTERESTED IN DECORATIVE PLASTER WORK.

PLANS. DESIGNS

AND ESTIMATES. SUBMITTED.

ARTS & CRAFTS, LTD.

SHANGHAI.

Tel. HOP CHEONG 55, Queen's

Ctl. 654

Road, Central. ¿COMPLETE HOUSE FURNISHERS

DEALERS IN

SWATOW DRAWN AND LACE WORK

EMBROIDERIES, OLD MANDARIN COATS. SILK, ETC., ETC. LARGE CONSIGNMENT JUST UNPACKED. INSPECTION CORDIALLY INVITED

JUST RECEIVED A CONSIGNMENT

OF

Squibb's Dental Cream

(Milk of Magnesia Base)

For the care and preservation of the teeth and gums

to be obtained at-

the cost of the Public Work parily in sterling and parti in A PATHETIC TRAGEDY. THE COLONIAL DISPENSARY

Department services will the dollars. There is a large proốt un Government lay on the table the sterling portion owing to fall in statement showing, in parallel exchange and the dollar portice 1- columns, the following particulars insested locally at 6 and 7%; with for the decade ending 1920, and the result that if the Sinking Fund also up to date, viz:--

cootioves to scenipulate at the

1. Personal emoluments and

other charges

2. Annually recurrent works

3. Total emoluments and re-

current-charges

present rate, it will be sufficient tu pay off the lost two years before the Statutory date of redemption.

JAPANESE MOTHER'S AWFUL DEED.

(Our men Correspondent.)

Shanghai, Oct. 4.

The moneys appropriated for the Following the departure, three sinking fund are not liable to weeks ago, of her husband for Ja

4 Estimates for Extraordinary Military Contribution. but, if it pan to investigate his relatives

Works

Works

were decided to pay off the loan, plight, Mrs. Moritaro Naoi, wife of

the

mvdey,

Tel, 1877. 14, Queen's Road, Central,

OCTOBER LIST)

Tel 1877.

-Test)

5. Actual cost of Extraordinary the Military Authorities might murdered her to us, at COLUMBIA DANCE RECORDS

claim that military contribution murdered her six years 6. Percentage of actual to esti-ould be deducted in respect and three years old and two

mated extraordinary works of

other tban daughters of four ad two years, and also instruct the Director of the sinking fund, which.uldering their jugular veins with a Public Works to incorporate such be required for such paying off. kitchen kaife. Then she killed information in his annual report Toe latter part of the question is herself armilarly, after sending the

out understood. The Colony bar Chinese amah on an errand made a profit and not a loss in disordered brain made her belie72 she had received a message telling respect of the sinking fund.

of the death of her husband end. entire family.

in future?

GOVERNMENT'S REPLIES.

The Colonial Secretary replied to the questions an follow-

1.In the year 1905 the Secretary of Inscribed Stock Issues. Siste for Colazier gate instructions 4. Tise Government ha, not drawu that the Government should not the attention of the Crown. Agente keep balances in excess of $1,700,000) to this matter since the last budget in local Banks. For a long time debate, and it does not consider the Colony had an overdraft, but of that any useful purpose would be late years there has been s served by the purchase and eso cosiderable surplus, and in 1921 cellation of the Colony's inscribed the limit was.rsed to $7,000,000, stock issues. It is believed that All funds in eos of this the greater part of the stock is held

remitted to the by other Colouses and by personi |

Jimit *Ble*

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