1932-04-20 — Page 8

EMPIRE PRODUCE FAIR

To Be Held at the

PENINSULA HOTEL, KOWLOON

(By Courtesy)

On 23rd, May and

EMPIRE DAY

24th May, 1932.

Intending Exhibitors, whether firms or individuals are Invited to apply for reservations of space and any Information required to:--

J. P. BRACA, Chairman, Fair Sub-Committee,

1A, Chater Road,

Hongkong. 19th April, 1932,

VAUXHALL

The firm bearing this famous name has turned its attention to Britain's Colonies and has produced an success worthy of the Overseas Model that is a tradition in which it is built.

Every demand made by motoring conditions here has been considered.

Your desire for refinement has boen most adequately anticipated.

A car of undisputed modern engineering excellence. and a delight to drive.

THE

V "Cadet" X

A trial run will afford convincing testimony.

HONGKONG HOTEL GARAGE. (HONGKONG & SHANGHAI HOTEL, LTD.).

DO YOU KNOW THAT

?COOK'S ?

SUPPLY:

TICKETS for any journey by Train, Steamship, Aeroplano and Automobile, and vouchers for hotel accommodation at the various Companies' tariff rates without extra charge,

FREE OF CHARGE INFORMATION concerning all travel arrangements, Banking facilities, Congresses, Schools, etc. RESERVATIONS on practically every service in the world, Travel, Hotels, Theatres, Olympic Games And other prominent Sports and Athlotic Mootings.

(Cable charro, if any, not fres). MEETING of steamers and traina at all important

contros.

AT BEST RATES TRAVELLER'S CHEQUES, Lettora of Cradlt, Drafta

and Foreign currencies, REMITTANCES and TELEGRAPHIC TRANSFERS.

Special arrangements for those who send homo rogular paymonti.

BAGGAGE TRANSFER Service and delivery of Goods All CUSTOMS to all parts of the world. formalities.

INSURANCE POLICIES for Life and Bagjage.

COOK/WAGONS-LITS

WORLD TRAVEL SERVICE.

THOS. COOK & SON, LTD. Opposito Star Ferry Pior.

Queen's Building.

THE

HONGKONG

CANTON TENNIS

VISITORS

OUTPLAYED BY LOCAL EXPONENTS

EXHIBITION GAMES

TELEGRAPH. WEDNESDAY, APRIL 20; 1932.

NO RELIEF FOR TAXPAYERS

COMMONS LISTENS TO BRITAIN'S BUDGET

UNCERTAIN RETURN TO GOLD

No rellef to the

tax-payer

WAR

river in Mr. Neville Chamberlain's budget, which he announced to the House of Commons yesterday. All seats in the publie galleries, which had been reserved weeks before, were while he spent nearly

two

London, Apr. 19. Rising at 8.30 p.m. Mr. Neville the Chamberlain, Chancellor of Exchequer :

The vinit of G. Bodiker and Leung Tak-kwong, the Canton In- terport tennis players, to the Hongkong Cricket Club yesterday, attracted a large crowd to watch exhibition matches between them and Itongkong players. When fuli Hongkong met Canton in an Inter-hours on his speech. port contest a few months ago, Bodiker and Leung carried all be- fore. them on the hard court, and many wondered if they could re-

"In September Mr. Snowden pro produce the same form on grass,

disappointed, however.duced the necessary economy and They

scheme, the financial Bodiker being but a shadow of his revised real self in meeting and losing to which has been universally ne S.A. Rumjahn in three straight claimed at home and abroad as sets, nad while Leung had many model of severe, sound and salu. Hashes of brilliance in his doubles tary finance.

Fincher and "The September budget produced encounter against Taul Wai-pui, he was also below | £9,000,000 more than Mr. Snow- len expected, The depreciation of standard.

Rumjahn, the new Hongkong ( capital values as well as the longe- champion, to with Bodiker, win-vity of millionaires caused a de- ning his three sets with the loss ficiency of £18,000,000 in death of but alx games. Bodiker relied duties, but the Budget has been and super-tax entirely on driving, which was in anved by Income

pnycra. The beer tax produced safticient to meet the exacting de rands of the difficult rain-sodden £1,250,000 less than was anticipa- court. Rumjahn reproduced theted and that on whiskey, £1,000,- form by which he beat Fincher In 1000 less. the anal last week, and had the full measure of his opponent, Janxiety, dlculty and hardship. It was only in the last few months winning 6-1 6-1, 6-4.

and that some revival of trade employment led as to hope that the worst had past."

It was asking a lot of Bodiker to go on the enurt immediately afterwards and take part in a deubles match and this was pre- bably one of the chief reasons for the defent of the Canton pair by the Acores of G-1, 6-2,, 3-6, 8-6. Leung was closely watched by the spectators, and after overcoming a natural nervousness and the strangeness of the court, gave af pelished display, his volleying in particular being deadly in speed and placements.

"The past year has been one of

War Debts Omitted.

Mr. Chamberlain declared that the Budget did not contain provi- sion for the receipts of reparationa and inter allied debts or debt pay- ments to Amerien which were in suspense.

and

confer-

The future of war debts reparations was dependant on the results of the unne ence, The best cotirse was to re- and frain from all conjectures

Fincher bore the brunt of the work for the Hongkong pair, and

He rare-treat both sides of the account as played a typical game. ly made a mistake and his clever in suspense. That did not imply Court-craft completely outwitted any fresh decision of policy. The the Yotors, Tsui Wai-pui did well at times, but was very erra- te, and in sacrificing care for spectacular shots, lost numbers of paints.

It was good tennis of its type, but it is obvious that the local players are feeling the strain of the last few weeks of concentrated championship tennis, and a rest would do them a lot of goud,

Guvernment veiced temporarily to omit an estimate of receipta on account of the Dominion war debts which were suspended last July. Fresh propeenls would be submitted to Parliament when out- come of the Laugarne conference was known.

Income tax yielded £287,000,000 and the super tax, £76,000,000, res- pectively £15.000.000 and £4,000,- If weather permits (and at the 600 more than Mr. Chamberlain time of writing conditions are anticipated. There was a recovery very doubtful). Leung Tak-kwongin Stamp and Death Duties dur- will this afternoon meet M. W. Loing the year, but direct taxation and would yield £32,500,000 less, ow- in a singles, and Bodiker Fincher will oppose, the Rumjahn Ling to the depression. cousina.

/

BANDIT CHAOS

COMPLETE 'ANARCHY IN MANCHURIA.

Import Duty Yield.

The Chancellor anticipated the 10 per cent. import duties would yield £27,000,000 in 1932-3. He hoped to issue an order before the end of the week under the Imports Duties Act, imposing fresh duties, but no details would be issued meanwhile, Mr. Chamberlain estimated the Changchun, Apr. 19.-

revenue from existing taxation at at A Rengo message from Harbin £764.300,000 and expenditure Istates that complete anarchy £766,000,000 and estimated the

reigns around Imionpo, in the deficit £1,700,000. Pogranichnaya Bector of C.E.R.

He announced the creation of an Damage wrought by Chinese irre-exchange equailsation account for gulars and other guerillas and which he would ask for power to outlaws is estimated by Japanese borrow a sum not exceeding £150,- tho exchange sources at Mex. $200,000,000, and 000,000 owing to will require four years to restore. position caused by the Influx of The principal sufferers are Chin- large accumulations of capital in esc with Koreans to a less degree recent weeks. This did not repro- and Japanese least of all.

Bent a genuine permanent improve- Japanese residents at Suifenho, mant in the balance of trade and across the border from Pogranich- was ant to give rise to naya are taking refuge in Rus- dangerous developments. The ob sian territory. The Japanese con- ject of the exchange equalisation sulate has received the Soviet's account was to enable Great Britain permission for this. Similarly, to function effectively as a main Japanese residents at Tahelho International centre, requiring to have been compelled to seek re- hold adequate reserves of gold on fuge at Blagoveschensk, crossing the foreign exchange in order to the Amur into Soviet Territory, meet sudden withdrawals. Revier.

Troops on Move.

semo

No Income Tax Cut. There would be no reduction of Mukden, Apr. 19. income tax. Mr. Chamberlain Taking advantage of the weak-urged employers to help employees ness of the Japanese troops while to pay their tax by instalments. reliefs were being arranged, ban- There would be no change in 'the dit activity has suddenly increased beer tax.

in the Taonan, Tunglino and He Increased the preference to Changchlatun districts, weat and a shilling a hundredweight on all

colonial sugars. The dutica north-west of Mukden.

Dominion sugars foreign and

on

SHARE PRICES.

TO-DAY'S QUOTATIONS.

The following is the list of local share quotations issued to-day:

Banka.

Hongkong Banka, $1540 sa. Chartered Banka, El n. Mercantile Banks, £18 1. East Asin, $115 b.

Am: O. Finance Corp., $29 n. Insurances.

Canton Ins., $1200 n. Unión Inn., $400 b. China Underwriters, $4 n. China Fires, $590 n. H.K. Fire In., $1,106 n.

Shipping,

Douglunes, $20 b.

H. K. Steamboats, $28 n. Indo-Chinas. (Prof.) $32 n. Union Waterbosts, $191⁄2 n.

Mining.

Benguets, $15 b. Kaflans, 21/9 n. S'hal Explorations, Tls. 2.10 n. Raubs, $38 b.

Docks, etc. Kowloon Wharves, $143% b. Whampoa Docks, $21 b. South China Motors $10.0. Providents (old) $4.80 ka. Hongkews, Tis, 220 n. New Engineers Tls, 534 n. Shanghal Docks, Tis. 88% 1. Cottons.

Ewo Coltons, Tls. 15.10 8. Shanghai Cotton, Tis. 75 4. Zoon Sings Tis. 10 n.

Lands, Hotels, etc.

II.K. Hotels, $13.30 a. Cum, Rts. H. K. Hotels Rights, $2.40′ b. H. K. Landa, $77 s.

Metro Lands $10 n. S'hai Lands, Tls. 25 n. Humphreys, $16.50 s. Realties, $11.60 0.

Asia Realtics "A", $160 n. Aala Realties "B", $30n. Chinese Estates $95 b. Benguet Exp. 29 cts. b.

Public Bilities. Tramways, $21.76 b. Peak Trams, (old), $16.50 n." Star Ferries, $901⁄2 n. Chinn Lights, $20 b. JI. K. Electrics, 374 n. Macao Electrics, $24% b. Telephones, $40 B. China Buses, Tis. 16 n. Singapore Tractions, 3/- a.

Industrials.

Malabons, $21 n. Canton Ices, $5.05 n. Caments team.) $18.25 8. Ropes, $141⁄2 80.

Stores, etc.

Dairy Farms, $18.25 n. Watsons, $15.20 n X. Div. Watsons Rights, $314, n. Der A Wings. 81 n Lane Crawfords, $6.70 b. Mackintosh, $10 n. Sincerea, 317 n. Powells, $3.65 n.

n.

Miscellaneous. Amusements, $22 Entertainments (old) $14.00 n Constructions (old), $5.60 %. Constructions (new.) $1.80 b.

S. C. Enterprises $10 s.

B. Ind. G. S Bonds. $68% n. Loans, $$3% b. Prem.

HONGKONG SHARE MARKET.

OFFICIAL SUMMARY BY

STOCK EXCHANGE. Markets opened quietly steady, with, if anything, a firmer undertone Sales. and less signs of a sagging tendency.

All available Japanese forces to the south of Makden are being would be unchanged. There would rushed to the infested areas. also be a new duty' on foreign tena Trouble is also reported in the of four pence a pound. Empire Chientao district, on the Korean tens would be taxed two pence border, and Japanese troops en-pound. gaged there in a skirmish with There would be an excises

tes stocks of Chinese forces, resulting in 30 duty on existing д pence Chinese and two Japanese being two

pound killed, and a.

011 holdings number wound- exemption

table hell"-Router.

Providents (Old) $4.80 Providents (New) $2.27% Hongkong Lands $7012 Hongkong Realties $11.60 Hongkong Trams $21.80 Cements (Combined) $18%- Lane, Crawfords (Old) $5.65/70/%

Buyers

Hongkong Banks $1540 Union Insurances $160 Douglasca $20

Bengueta $15

Wharven $143% · Docks $21

Providents (Now) $2} Hotels (Cum. Rights) $13.10 Hotels (Rights) $2.40

g Realties $11

Estalca $95

Benguet Explorations 29 centa. Hongkong Trams $21% Yaumati Ferries 336% China Lights (Old) $20%

rica $244 Macao Electrics Cements (Combined) $18.15 Lane Crawforda (Old) $6.70 Govt. Loans 3% % Promium

Sellers

South China Motors "D" $12 Hotels (Cum. Rights) $18.30. Hongkong Lands $77 Humphreys $16

Ewo Cottons Tla. 15.10 1pnones (..) 840 Telophones (P.P.) $24.00

9. C. Enterprises $10

with return to gold or on what level," he

not Bald. The in- . He estimated the surplus on the cd. Chinese are reported to bo exceeding 1,000 pounds. ravaging towns and villages and crease Imperial sugar preference now basis of taxation at £796,000 loating. Incendiarism is rife and would inst for five years and also and announced that both the sugar the scone is described na a "vori- special supplementary prefer- preferences were able to adjust- ence equal to a further shilling a ment if during the five years, the hundred weleht, which would be sterling wholesale price of foreign allocated by the Colonial Omce sugar exceeded 78, 9d. a hundred- among the sugar producing weight.

Mr. Chamberlain sat down nt colonies In proportion to their ex- Torts. The sugar changes would the conclusion of his speech at 6.16

ຄ from to- p.m. become operative

DAVIS CUP.

FINLAND DECIDES TO COME INTO COMPETITION.

Helsingfors, Apr. 19.

morrow...

Returning to Gold.

Mr. Chamberlain referred to the interim report by the Tariff Ad- visory Committee, containing 4 Mr. Chamberlain indicated that number of recommendations and Finland has reconaldered its the exchange uncertainty praclud-additional duties, detalls of which decision regarding the Davis Cup ed Britain's immediate return to would be published later in the week. He estimated the revenue and has decided to enter the com- wald.

"We do not know when and un- therefrom for the purposes of the petition. She line been drawn against Hungary-Renter.

der what circumstances we might1Budget at £5,000,000.-Router.

KING'S THEATRE ONE RECITAL ONLY

FRIDAY, 29th APRIL

at 9.30 P.M.

ALEXANDER BRAILOWSKY

EMINENT RUSSIAN PIANIST.

PRICES:-(Including Tax).

Front Stalls Back Stalls PLANS NOW OPEN

$3.00 Orchestras $2.00

Dress Circle

$4.00

$4.00

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TO-MORROW AT THE QUEEN'S.

GALSWORTHY'S

AMAZING DRAMA OF HUNTED MEN/

SCAPE

with SIR GERALD DU MAURIER.