1930-03-08 — Page 8

THE HONGKONG TELEGRAPH,

HIGHWAY FINANCE.

Roads

a

Permanent

by Roy D. Chapin.]

With the development of motorj Cansport every country in the

The

Motor Transport, automobile

Investment.

The Registration Tax..

cases

ment and proper maintenance of highways in his district will save him money in costs of operation far in excuss of the tax paid, and increase the utility of his au- tomobile..

Distribution of Cost.

MOTORING SUPPLEMENT,

Maintenance Important. After a road is built it should be kept constantly in good condition.. With careful maintenance the actual surface should last for many years; and when resurfacing at last becomes necessary, most of the old surface can be salvaged! and incorporated in the new. Thus there is no danger of a road wearing out before the bonds mature by which its 'construction was financed.

Gradual Improvement.

SATURDAY, MARCH 8, 1930.

COUNTESS DECIDES ON A CAR.

Nice Gentleman in Showroom.

"MOTOR

CARS VERSUS POKER." [By Gordon Watney.]

TRAINING MR. KAYE

DON.

Doctor to Go with Him to U.S.

BREATH EXERCISE FOR SPEED BID.

When Mr. Kaye Don makes his.

To determine the proportion of highway construction casts that should be derived from each of the not sources described above is easy as it will depend upon the

The Countess is tired of hiring which are similar to those ordered, attempt on the world's land speed volume und nature of the traffic

The first aim in any highway cars and frightened to death of and draws those dividing the front record early next year at Daytona, In all states of the United which is to use the roada.. On World has come to recognize the States, und in most other countries, the average, somewhat less than programme should be to develop taxis. Really the time has now and back of the car. They work Florida, he will have with him Dr. need for adequate roads, which a registration tax is imposed upon 20% of the total cost of high as extensive a system of inexpen-arrived when she must have her very well, and he does not bother Kenneth Eckenstein, who will not permit the motor vehicle to motor vehicles, for purposes of ways in the United States is now sive roads as is possible with the own car and a chauffeur. She has to redraw them. The Countess only have trained him, but will ring outlying districts into better revenue. In practice it has been met from local property tax refunds available. By a gradual only one child, a daughter, Eve, accepts, the situation as a chance make physical tests before and Some time ago Mr. Kaye Don The remainder rightly process these can later be improv- who is very attractive, aged 17.to have a nap. The other two get after the attempt. fund that a low tax, by encourag venues.

ing, has been a widow for five Eventually all arrive home safe- underwent an operation, and doubts. relation with centres of popula ing registration and the develop dewplves upon the state and national ed where necessary, in accordance The Countess is still very charm-on very well.

years, is very comfortably off, is aly, having thoroughly enjoyed the were entertained as to his fitness to tion, and provide rapid and easy ment of motor transport, is more governments, who are held respon with traffic requirements.

maintenance of, a

Type of Road,

little jealous of Eve, but accepts drive. The Countess insists that drive at Brooklands. Dr. Eckenstein, aeans of getting from place to beneficial than a high one-and in sible for the

many

produces

the position very well. And she Mr. Sellem should come in and who is senior resident medical offi- greater system of main highways to connect Most of

have some refreshment. No com- cer of the French Hospital in Lon- place.

aggregate revenue..

centres of pupulation.

The type of road chosen should!

is clever. roads on such the motor traflic

plaints, and as time goes on very don and author of a standard work never be better or more expensive Gasoline Tax

and travels over long distances,

than traffic requires. Any expen-. They arrive at well-known show-merrily, it is proposed that he on blood pressure, went to Brook- doubles the

Because of the demand for new the property owner along the way diture for highways must be carn- rooms in the West End quite pre-might prefer to stay the night and lands and made several pulse and before and time return in the morning. Again blood spend the

pressure tests of should be taxed only in proportioned by them in the form of cheaper pared to tity of existing railroads, serving

and increased casts

after Mr. Don had taken part in transportation; the type of im- necessary to purchase what they there were no complaints, them in feeder lines to open up roads,

This firm has a very He puts the car in the garage races... undeveloped territory. If railroads construction, additional taxation to his use of the road.

as to require. Opposition to Toll Roads. provement must be such

his hostess, has Dr. Eckenstein said recently: are few, it is far faster and cheaper had been found necessary, and this,

effect a saving in transport costs large assortment of all the leading and rejoins

I am convinced that I shall learn construet motor roads than it in the United States, has taken the

In accordance with the accepted at least as great as was the cost makers; the Countess can have another drink and jumps at the i: to build new railway lines. form of a tax on gasoline, now

His hostess' suggests, asking that the reactions of the human body to Whether used in co-ordination with imposed in all of the forty-eight principle that transportation should of constraction. Experience In the ample opportunity to choose what idea of a little game of cards which a lot of interesting things about

her companion might join them great speeds. or independently, states. This is considered a benefit be made available to the public

Her first ambition is to select a United average amount of daily traffic s

I shall put Mr. Don through a motor transport can bring increased tax, in that it is devoted to high at the lowest possivle cost, almost United States has shown that the she requires.

a suitable index to the type of really nice young gentleman in the and make the "four."

course of training to make him as any country ways, and charges a motor vehicle every toll road in the

A Long Gamble. economic mobility to

of road surface required, as follows: ahowroom who can tell her all

it as possible to undertake the task. which will construct the requisite owner in proportion to the benefit States has been abolished. Tolls

he derives from using them, and add unjustifiably to the cost

0 to 100 vehicles-earth.

about the car she wants, also help

They play "poker," and all goes This-will consist largely of breath- the damage done to them by such transportation. If traffic is heavy

a toll road pro 100 to 300 vehicles--selected ma-her in the choice of upholstery. use, measured by the factors of enough to make

terials, sand-clay, top-etc. She is fortunate in finding a well; sandwiches and drinks are ing exercises, which I have been at present Sources of Highway Revenue.

distance travelled, weight, and fitable, it evidences sufficient public

soil, etc.

very nice man, and one who comes brought in, and instructions given developing, No from speed of the vehicle. It also forces benefit to warrant construction and

A very good family,,se to call Mr. Sellem at 7 a.m. The knows exactly the human reactions The Commonest sources

a free 300 to 500 vehicles-gravel.

evening wears on; Mr. Sellem has to these great strains.

Dr. Eckenstein tests lung capac- revenue for highway construction a visitor from one state to pay for operation by the state as

500 to 1500 vehicles-surface treat- business commences.

lost all his available cash, and are the tax on real property, either, the use of highways in another, road.

ed gravel, macadam,

Really a Pretty Car.

suggests that he pays in a cheque lity on an instrument like a was in the form of a genera! lax or as which he has not helped to build

bituminous macadam

for £25 for more chips. This goes nieter. Another instrument regis- the motor by the payment of registration a special assessment;

and other intermediate The Countess thinks that a vehicle registration tax; and the Fes The gasoline tax is easy of

types.

really very pretty-looking car is and several more of the same size, ters the amount of air breathed in until he has lost about £200. More and out per second: In addition Kasoline tax.

collection and inexpensive to ad- ministrate. Although the cost to

what she most requires. It must drinks, more consoling words from pulse and blood pressure readings have a saloon body, with a division Eve and encouragement, but the falco are taken, while various testa the individual is low, the agregate

between the front and back seats, Countess gets very tired and hopes have to be made of the income ralized by the state is

and the inside of the body la of Mr. Sellem will take his revenge system. much more importance than either when he comes down with the new very large.

the make or horse-power. She has car in a day or two. He gets to already decided that both daughter bed a little unsteady, but more un- and self must dress to suit the happy, and in the morning gets colour scheme of the car. The away early and returns to London, Countess is fair, and Eve is dark, going straight to his home to in the National Automobile Chamber so it is not quite so easy; how-form his father of his losses, but of Commerce, estimates will travel ever, the salesman assures them it

the railroads

roads.

of

Real Property Tax The direct tax or special assess nents on real properly should only be used to fimince locul roads, and that part of the cost of main state roads which is incurred meet the needs of traffic of local

this origin. in way the local taxpayer is called upon Lo pay only for those roads that he him self uses.

of

Increment in Property Value Due to Roads.

W

All Revenue Must be Spent on Roads.

Taxes on the motor vehicle and motor dues to pay for the construe tion and maintenance of highways are justified only if the entire revenue derived from them is spent for this purpose. Otherwise they discriminate against the motor vehicle owner, imposing a special compensation.

**

new

:

one

nervous

SOME TRAVELLING!

Alvan Macauley, president of

that au-

·

Centralized Control,

ad- most effective For the ministration of highway funds a centralized engineering supervision 1500 and more vehicles-bitumi- hous concrete, brick, is essential. A careful survey of

cement concrete and the economic and traffic require

other pavement types. ments of the country must first be which roads made, to determine

Method of Financing. shall be improved and where

type of roads are needed. The

The chief problems in any road selected for construction

cach

construction programme is that of to traffic locality should conform

securing sufficient funds

im demand, climatic conditions, to mediately for the work in hand. pography and the funds available.

There are two prevailing methods Reads a Permanent Investment. of highway finance. the so-called can all be arranged. The inside promising him to repay the money tomabiles of America

"pay-as-you-go method," and the lighting is also a matter of great he wants in a day or two when the one hundred and fifty-six billion

ear is paid for, because he must miles in 1930. From forty to sixty per cent. of issue of highway bonds.

importance, because her

meet his cheques. He then goes plexion is not at its best in heavy to the bank and puts all in order, and informs the cost of a well built highway

him that the Pay-As-You-Go Method. } shadows. Suitable mirrors must

and then to the permanent improve-

showroom. He Countess's cheque has been return- ments, in the form of road-bed, By this method roads are paid also be fitted in the proper places, considers that if his luck is in heed; sends him at once to see her can give the best will make at least £200 out of this in the country. He returns with engineering, bridges, culverts, and

for out of current revenues, and where they

deal. like. It is therefore most essential.

the information that the ladies no future financial obligations are effect. Then, again, the windows out

She be must

very large. that construction be carried

The Countess and Eve come to have left for good, having only The principle of motor vehicle along scientific lines, with the best incurred save that of conserving must have the back seat very town, bringing their luggage with taken the house for a few weeks,

the investment in roads by means of proper maintenance: Construc- high, because she is short; and them, and leaving this at the rail- fand gone abroad. He is un-

silk curtains which draw are in

way station, proceed to the bank popular in the firm, and more un- tion can only be carried out slow dispensable. She could not to and cash the cheques, returning to popular with his father. He is ly, however, as funds become lerate people walking and gazing the station to take train for Paris. gazing sadly through the show-

available, and thus this method into the car when they are return-

room windows and wondering if would not be adequate where an ing from the theatre. Eve agrees.

he will ever see the dearest little extended highway programme with this suggestion; curtains

girl he has ever met" again. must be undertaken at once.

And so the world goes on!

In many cases the construction! charge upon him without adequate represents

Taxation Accepted by Motor Users.

a highway will increase the value of property through which it runs, by making it more accessible.) In this event it is only fair that anj increased proportion of the revenue

tax should baj and gasoline taxation, when not choice of route and a minimum of from the property

that to excessive, has devoted to read maintenance,

accepted curves, and gradients, increment in willingly by the automobile owner. Icostly straightening and alteration compensate for this

He realizes value.

that rapid develop will not be necessary later.

3-28-23

GOOD YEAR

been

GOOD COVERS DESERVES GOOD TUBES.

The satisfaction that comes from knowing you, have stout, thick, red rubber, Goodyear Tubes in your tyres, adds greatly to the pleasure of motoring.

More than that, you get from your covers all of the long mileage that the manufacturer intended you should bavo.

Use Goodyear Tyres, of course make certain they are fitted with Goodyear tubes, too. Each Good- year Tuba is tested under water.

You can depend on them.

Distributors for Hongkong and South China.

Alex. Ross & Co. (China), Ltd.

HONGKONG and KOWLOON.

Telephone K. 1486.

Telephone C. 2487.

GOOD YEAR

BO

Highway Bonds

com-

must also be fitted to the windows in the partition!.

Now the next important decision, The second method involves the before they select the car, is to issue of highway bonds, which choose a mascot. Eve has already capitalize annual taxation and are seen just the thing; it is a figure secured by future revenues for of Venus. Mother thinks they period of twenty or twenty-five ought to have something with more years. In this way ample funds clothes on, and decides on a bird. can be secured at once for an ex-She has by now occupied the whole tended construction programme, morning very successfully. She is such as may be required where quite new to all this business, but highway communications are in-suggests that she would be pleased complete, and where there is if Mr. Sellem (the young gentleman, them for popular and economic demand for salesman) would join new roads. The bonds need be lunch and they would then return sold only as fast as funds are re-and make their final selection. quired. The entire credit and taxing power of the government is pledged as their security.

Apparent Cost a Real Economy.

Because interest must be paid on the principle of the bonds, and

No complaints. All go out to lunch at Prince's The Countess thinks it would be very nice if Mr. Sellem would deliver the car when ready at their home and stay a day or two until everything is quite all right. This is agreed.. a "sinking" or amortization fund After lunch all return to the show- is generally required as a safe-room. guard, the initial cost of this form of financing is greater than that

A Cheque for Deposit.

of the pay-as-you-go method. In The Countess takes a very long reality. however, highway con- time to make up her mind which struction by the use of bonds car she prefers. Prices vary from effects a marked economic saving. | £350 to £2,500, but ghé narrows The immediate use of the roads down the choice to two, one at thus made possible gives rich ro- £750 and the other at £2,000. Mr. turns in rapid and easy trade and Sellem thinks that the latter will communication, which more than suit her (and also himself) best, offset the additional cost. It has and she agrees, hoping that Mr. been aptly said that we pay for Sellem will have dinner with them good roads whether we have them and drive them to their home in or not. If we do not have them, the country afterwards, thereby The we pay more for the delay and in- giving them a good trial run. convenience caused by bad roads car is ordered and the Countess than we should have to pay for the gives Mr. Sellem a cheque for the

depcsit. construction of good ones.

Cost Distribution,

They dine at the Piccadily Hotel; excellent dinner; and Mr. Sellem

The offers to drive them home. Countess sits in the back seat and Eve beside Mr. Sellem. He sug of too heavy a finance burdens. As gests that her mother should test to this car,

One of the chief advantages in the use of highway bonds is that they relieve the present generation

a well constructed road represents the curtains fitted

a permanent investment, it is only

fair that a part of its cost should

be paid by future generations who the country who are attracted by' will also use and employ it. her excellent roads.

Highway a Profitable Investment.

Roads Create Wealth.

from

Weil constructed highways The building of roads, by im- should be considered a profitable proving communications In gen- Investment rather than an exeral, invariably promotes pro- pense. They not only bring to a spority. Registration of automo- country the economic advantages biles grows with increasing high- of increased unity and mobility, way mileage and prosperity, pro- but they attract to its tourists and i viding greater revenues business men whose expenditures motor taxation to be devoted to within its borders may be con- the constuction of further reads. sidered as a sequel to highway Such is the economic cycle which construction. Canada, for in has taken place In the United stance, realizes a considerable States, and there is every reason annual income from the sums ex- to believe that it will repeat itself. pended by touriste from outside elsewhere.

An Unpopular Salesman, Two days later the managing director wishes to see Mr. Sellem,

MOTORUNION

INSURANCE GY LT

Incorporated in England

(Under the auspices of the Automobile Association)

LIBERAL BONUS FOR CAREFUL DRIVING.

LOCAL AGENTS,

THE UNION TRADING Co., Ltd.

York Building.

Phone C, 587.

LEAD THE

ON A

B.S.A.

WAY

THE SINCERE CO., LTD.

SOLE AGENTS FOR SOUTH CHINA.