1924-10-16 — Page 7

THE COLONY'S BUDGET.

[Contiund from Page 6)

THE HONGKONG

TELEGRAPH,

bo

have reduced our balances vory penditura but they approximato materially and it will bo noces rather closely to Public Works

for WO sary to give caroful consider-Recurrent, ation to the methods by which cortain that overy your future works are to he financed, it will be necessary to expend This My own view ia that it would money on similar works. not bo prudent to reduce our class of works therefore I cos- balances much bolow five millionsider should be provided from dollars for any long period, as it revenue, at least up to the limit

THURSDAY, OCTOBER 16, 1924.

DAIRY FARM NEWS.

A sum of $50,000 is provided for continuing the scheme of

is very desirable that wo should of the revenue received from land YOU laving underground cables from be in a position to meet at once sales, which ALS those sales Mongkok to Lai Chi Kok and unexpected calls or unforeseen amount to an alienation of capital from Mongkok to Kowloon City troubles without dislocation of should not be regarded as ävil- and the Now Gaol on tho Kailur financos. At the samo time able to meet the ordinary, ex- Tak Reclamation.

pensos of administration...

Under "Water Works” HOW filter beds are required to cope with the increased consumption

of water.

New Gaol and Police Training School.

A contract has been tot for the piling of the site and it may be possible to begin building before the end of next year. The long delay that has occurred beginning this work is much to It has been due ho regretted. principally to the necessity of

sideration

I do not think that thero is any acessity for trying to maintain them permanently at a higher figure.

Government Policy.

The second class of worke, of which the utility is permanent and the profit emall, should in my opinion ho provided for by a long torta loan, i.e. by the issue of Inscribed Stock with the usual arrangement for amortization' by means of a sinking fund, so that our successors who will boneft by those works at inast as much as ourselves may bear their fair share of the cost.

on this

fur

The point which I desire to discuss is one. of policy. I have consistently, aver since I came to Hongkong, advocated the policy of pressing on with work of development as continuously and us rapidly as possible without regard to whether the budget for The third class, I consider, the year shows a heavy dulleit or should be doult with differently. not so long us we have a balance Take for an example the Praya giving careful and detailed con-vailable. That policy has been East Reclamation? We are

to alternative pro followed in the present estimates spending large sums posals for the designand lay-outib and I propose to follow.it in any workm The expeinture order to meet the requiremonter of the departments concerned and future bulge that I may be in conlly more of the nature of att to lay before the advanco. As Roon as it is finish- to fit the site available. The privileged

Council As I think mid on aed, we hope to sell the Govern- position finally settled on provides for a hundred fout ron on the provious occasion, the process nient share of the new land, so

is merely one of changing tho far as it is not required son in front of the outer wall form of our assets so long as the Government purpo-os, at a profit. while the land at the back con- sists of hills, which it will, I hope expenditure by which the balan- The money which we have ex- bo possible to cut cown graduallyro doplated are works of deve ended will therefore coins back lopment. It is not thorofore to us after a few yours and it by the use of prison labour matter from this point of view would scarcely be fair to our suc Prisoners will thus be praviled whether the date at which we

cessors that we should spond this with neofui work for LE have reduced our balancos to the monoy whon we receive it whilej considerable time to come und the levelled area will provide forargin of safety arrives at the we leave the saddled with the the further expansion of the Coal of the 1933 or one or two loan raised for the initial ex

'ours later. It must come some i penditure, which will un doubt become time in the next few VOJTE In such cases submit that the necessary if the population con-

we still have before us a right course would be to raiso times to increase at its prosent rate. The Police Training School ry heavy programing of works short term loans by way of de- which it will be convenient į kontures or possibly by the issue will occupy about twelve acres of the Kai Tak Reclamation on the continue to refer to here as of Treasury Bills which would be Public Works Extraordinary paid off as soon as possible by though some of them will actual means of the money received on

be carried out by the Port the completion of the work. Development and some perhaps will not try to go into details) the Railway or other depart as to do so in presont circum- ants. We have been in recent stances would be premature but very fortunate in being I submit :hosu Visw YABTS able

Command sufficient Honourable Mombers 113 Tv- balances to provide for the presenting

reasonable and haviost programme which wopractient policy, the adoption of The Taiph Ron between the could undertake but it is clear which would, I believe, granted a 5th and 9th mile, that is between that this state of affairs cannot continuation of reasonable pro. the reservoir and Shatin, is beinglist much longer. The works to sperity, make it unnecessary at straightened in places, and it is which wo are already committed least for many years to contem- considered desirable now to nine and those which wo have in con- plate any materially increased adamize it to meet the needs of templation are all desirable, most taxation, even if the Revenan the increasing wheeled trafic. It of them ar necessary and a from Opium ceases to figure in is proposed to place the telephone considerable number of licon batween Kowloon and Fan-will be remunerative in actual ling under ground in order to cash, but they will cost. save the heavy east of upkeep.

west side of the Gaul

HUS

It has been impossible to make n start with the New Lunaticy Asylum as the site selected near Lai Chi Kok has boon found very expensive to develop, and it my ho nevessary to look for a new

s[tte

New Territories Works

thom our returns..

vory

large sums of money and It would be unreasonable to expect: Shing Mun Valley Scheme. Provision is made for con- to bù able to find from revenue tinuing the work of extending and balances the funds necessary, the Kowloon eutelwater and offor instance, to provide for the building the Shak Lu Pui heavy initial expenditures of A start is to be made moving the Military Establish- with the construction of the ments to the mainland or to! Shing Mun Valley Scheme, but provide deep water wharvos for the amounts entered under the the. Harbour. various items cannot be regarded

anything

reservoir.

11

FOOTBALL NOTES,

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WILL BE MORE THAN REPÁID

For the little spent on Ice

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IN

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From

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LICE REVERSE RESULT. DISMAYED

(BY WANDERER."), Playing their fourth match in eight days the Royal Artillery were defeated by the. Police at Soukumpa last evening by two goals to one, this being the first Within the next few years Police victory of the season. Int for the constraction of the therefore as I said just now, we Redhead was again the

14

lout tentative

estimates. A contract has boen

tunnels and conduit.

The Railway.

A Loan Favoured,

con.

shall have to decide how those spicuous figure in the R. A. works are to be financed. The attuck and he netted for them obvious answer of course is by when the game was minutes old. have The Police wore better together Having explained that the means Railway estimates were prosent-no other answar but

fir

11

1

Public

football $6724 wilmossod

fur " farge part

thei E. G. Post.} game with out in the they deserved the ir win

A VISIT OF INSPECTION ISVITED.

"Comparison prices that

+

FULLY

GUARANTEED.

LANE, CRAWFORD LTD., give the best vedne obtainable

CATALOGUES SENT FREE.

LANE, CRAWFORD LTD.

JEWELLERS and SILVERSMITHS. HONGKONG.

'Ilumia (' + in.

Saturday's fixtures are

DIV. 1.

SHARE MARKET.

118

Bor.

4.45.

to

10 tbo

DIV. II. St. Josepir's "B" V., Sacred Heurt--St. Josephs 3.15.

China "A" v C. Recreio “ A-na, Chinese 3.15.

Club Kowloon, Kowloon

SHANGHAI QUOTATIONS

Mosers. Ellis and Co. have Police v Surreys--Chiness 45.

with the Tamar & Chiba "A"-Navy "A" kindly supplied us China “" v R.A. Sookinpo, following cable quotations

stocks Shanghai

thei: Shanghai office :--

17 Langkats (comb.)- Tle. buyere.

of

from

Surreys v St Joseph's "A Soakunpo, 3.15.

buyers.

I should than hitherto and it was not long! ad in a new form this year, His like to express now my views fore they obtained an equaliser Excellency said that the running ust as to the amount of a loan through Fenn Johnson netted expenses of the Railway have for it is not possible to foresee at the winning goal. Much excel- been kept as low as is consistent present what our requirements lest with keeping the track and will be, but us to the nature of and though the Police wors equipment in thoroughly good the loan and the abjects to which order. It will be noticed that fit stuld be devoted. provision had been made for the Works Extraordinary, Fan Ling Branch Ling for three wide sense in which I have used months only as it is expected the phrase, fall into three natural that this find will then be divisions:

uch works as the provi-follow :- placed by the motor road now

of new police Stations, under construction. Special sion Expenditure on the Ritway has quarters for Government

as vants, road improvements and also been reduced as

and widening and similar com passible.....

The stoppage of through trailieparatively minor matters.

2.-Custly works which are of during the greater part of the year has had a ilisatrous offect on permanent utility and which will

of equal importance the revenue of the line. We can bo only hope that conditions will future generations as

possibly Oven as to admit of the present, or improve so resumption of through traffic greater importance, such for Until this happens, instance, as the Shing Mun next your. it is impossible for the line to pay Water Supply and the Harbour Wharves, works from which a

Club Druins-Club, 3.15. certain return in money may be University v C. Rocroio "B “ The Colony's Financial Position anticipated but which are not in-Navy "A", 3.15.

To revert now to the financial tended to be a source of profit position as a whole, I feel that and should at most be expocted am placing a great strain on the to pay their way and give in duo patience of Honourable Members courso a moderato return on the but, as it is very possible that capital invested.

and Kowloon and there is littlo again on Saturday. The "Tamar" 3-Works which involva doubt a koon game will result. have heen twice bosten but by this will be the last budget that I

mainlandors have shall have the pleasure of placing heavy initial outlay for a con-The

the narrow margins only, and I am before this Council I would ask sidorable period during which advantage of ground but I doubt expecting them to.register their their indulgence while I offer they give no return but which whether this will offset the first win. some observations on the finan- bring in large sums of money on superiority of the Club in the fold. sia! situation and financial policy or soon after completion. Such

its way.

as affecting the near future and for instance as the Praya Enst As Roclamation and, to some extent not only the coming year.

the your

Kowloon, 3.15.

Kowloon V China "B"

The most interesting match on

the card is that between the Club

W • +

Ewos. Tis. 101. buyers.

Docks. Tls. Shanghai

96,

Tls. 6.50,

Now Engineerings. buyers,

'Phone C. 4567.

COXSWAIN HEAVILY

FINED.

SAFETY VALVE TAMPERED WITH.

A line of $250 or three months. in default was imposed on the master of the steamlaunch, Dai Fat, who was charged at the Marine Court this morning with (1) having no cortificated cox- swain, on board, (2) having no certificated engineer on board and (3) increasing steam pressure on his safety valve in contraven- tion of his licenco.

The case was based on a lottor which the Govoramont Marine

Powell-

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Afternoon

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Evening

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15, Queen's Road, Central.

Tol. 75 Contra'.

CONTINUE TO ATTRACT ATTENTION TO YOUR WINDOWS AFTER SUNSET BY USING GAS FOR LIGHTING THE EXTERIOR OF YOUR STORE.

THE LITTLETON LAMI

LAMP

(SHOWN HERE IS THE FINEST

MADE FOR THE EXTERIOR LIGHTING OF SHOPS Etc.

I. M- WHERE

WIND MUNITY FROM AND WEATHER IS ESSENTIAL.

CAN BE CONTROLLED BY A VALVE OPERATED FROM THE INTERIOR OF THE PREMISES.

CAN BE SEEN IN USE ANY NIGHT OUTSIDE LANE, CRAWFORD'S MAIN STORE OR OUR WEST POINT SHOW ROOMS.

53, SurveyorA received from the HONGKONG & CHINA GAS Co., Ltd.

Orientals.Tla. 3.30, buyers. Shanghai Cotton. Tis. buyers.

secund engincor, who

claim-

od that ha WAS discharged down for refusing to scrow the safety valve. A representa- thio vessol and. tive visited

ho increased her steam pressuro to 165 lbs. without affecting the It should have safety valve. released steam when the prassuro reached 125 lbs. Lator, with Lt.-

In the Second Division, tho Com. Hake, tho valve was open-

On paper the Police eleven most interesting fixture is be-od and an oight inch bolt was I indicated at the beginning of at least, let us hope the repro- will go down before the Surreya: twoan China "A", and Club do found inelde effectually dostroy. Dolendant ploaded not guilty this address it is estimated that visioning of the Military Estabat the same time the Police are Recreio "A" Both have founding the object of the safety valve.

Improving in ovory game and their host form and it will mean 1924 will closolishments.

narrow viotary whichever to the second obargo and pro- will probably give them a good a

wins. I have a sneaking rogardduced his coxswain's certificate. match.

for the chances of the Portuguose. He was convicted on the third Tho Chinese olevons have so St. Joseph's "A" should gain charge though he ploaded that million dollars. If these fore-correctly classed as l'ublio works for failed to touch their form of their second win though the someone must have put oasis prove corroot it is clear Extraordinary since they are of last season and, judging by last Burroys 11 will make them go bolt in the safety valve during

nature of capital ox-wagk's matches both will loso all the way. Shat at the end of 1925 we shall the

with imately

deffolt of two million dollars

approx-

and we

bavo budgetted for

Two Classes of Loans Advocatod.

The first class of works aro

a dedolt of something over 8

the night, out of revengo,

tho

Two Unusual Picturës

in one Programme CHARLIE CHAPLAIN

AND

NORTH CHINA WAR NEWS.

SHOWING TO-DAY

WORLD THEATRE