1939-05-25 — Page 35

P & O-BRITISH INDIA (APCAR) AND EASTERN & AUSTRALIAN LINES

(Companies Incorporated in England.)

Taking Cargo on through Bill of Lading for STRAITS, JAVA & BURMA. CEYLON, INDIA, IRANIAN GULF MAURIrius, E. & 8. AFRICA. AUS. AND QUEENELAND PORTS TILALABIA, INCLUDING NEW ZEALAND HED BEA, EGYPT," EUROPE, ETC.

PENINSULAR & ORIENTAL, FORTNIGHTLY DIRECT ROYAL MAIL STEAMERS (Under Contract with 11,31. Government.)

Ati vossola may call at any parts on or off the roule,-and the route and all alling are subject to change or deviation with or without notice.

Steamera

†RAJPUTANA RANCHI **BHUTAN

RANPURA *BEHAR

RAWALPINDI CHITRAL CORFU

CANTON

CARTHAGE

• Cargo only,

SIRDHANA

SHIRALA TILAWA SANTHIA

TALMA

Tons From H’Kong about | [17,000| 27111 May, Noon.

17,000 10th Juno 0,000 17th June

17.000 24th June 4,000 1st, July

17,000 8th July 15,000 22nd July. 14,500 5th August 16,800 10th August 14,000 2nd Sept..

Destination

Bombay, Marsellies & London

1

Thursday,

HONGKONG TELEGRAPH

May 25, 1939.

Major Tax Proposals

(Continued from Page. 3.)

should not, of itself, suffice to with- hold the imposition.

Pros And Cons

Urged

EUROPEAN Ship Subsidy FINED FOR ASSAULT

"TAKING into considera- On a review of these pros and constion the fact that defendant we feel without necessarily regard- ing all the other objections as com- has expressed his regret of pletely answered, that the really the assault, he has admitted vital question is the possibility of effective administration under the he had a few drinks that

(Continued from Pape 7.) per annum, and this money will not be held in suspense.

Should your Directora view of the future prove too gloomy and trade continue on a satisfactory basis, It is hoped that this large carry for ward can be used for the benefit of remind

you of our large outstanding shareholders but I would like to an from the

Bombay, Marsellies & London conditions prevailing In Hongkong. night and that he has no loan

Cog & Shanghai

B'bay, M'soilles, Havre, L'don, Buil, H'bz, R'dam & Awerp. B'bay, Marseilles & London. B'Eay, M'scilles, Havre, L'den, Hull, H'bg. R'dom & A'werp. B'bay, Marseilles & London. Bbay, Marseilles & London. D'bay, Marseilles & London. Ubay, Marscilics & London. Bombay, Marseilles & London,

† Calls Casablanca, All vessels may call at Malta BRITISH INDIA APCAR SAILINGS (BOUTEL)

10,600, 3rd June.

8,000 17th June.

10,000 1st July

6,000 15th July 10,000 29th July

Swettenbam, S'pore, Port Penang Rangoon & Calcutta.

DO, DO. DO. DO.

B. 1. Apoar Lino Bieamers have excellent accommodation for 281 and fod Class PREACHESTS,

TANDA

NANKIN

NELLORE

EASTERN & AUSTRALIAN BAILINGE (SOUTH)

7,000; 3rd June.

7,000 30th Juno

7,000) 4h Aug,

Manila, Rabaul, Brisbane, Sydney, Melbourne & Hobart

Regular monthly sailings from longkong to Shanghai and Japan and ITkong to Australia.

Hong Kong to Sydney-16 days,

BAILINGS TO BHANGHAI & JAPAN.

7,000 1000'01

8th June Bih June

*BEHAR

6,000 30th May

7

NANKIN

7,000 5th June

RAWALPINDI

27,000 8th June

•SOUDAN

TILAWA

CHITRAL

CORFU

TALMA

10,000 6th July

• Cargo only.

15,000 22nd June

14,500 6th July

Shanghai & Japan. Shanghal & Japan. Shanghai & Japan. Shanghai & Japan. Japan.

Shanghai & Japan. Shanghai & Japan.

Japan.

Parcels All dates are approximate and subject to alteration without notice. measuring not more than 5 cft, will be received at the Company's Office up to noon on the day previous to sailing,

P. & 'ding,

For Passage Rates, Handbooks, Freight, etc., apply

Agents

Connaught RC, MACKINNON, MACKENZIE & CO. Plent

N.Y.K.

THILINE

To AMERICA and BACK

Only US$262. by

S.S. TAIYO MARU

Leave KOBE lune 6th,

arrivo SAN FRANCISCO June 22nd Sailings from Hong Kong to Japan furnished AT YOUR OPTION.

AMAZING OFFER to visit AMERICA

and sce

NEW YORK WORLD'S FAIR

and

SAN FRANCISCO EXPOSITION SPECIAL six months' Round trip fares from HONG KONG to SAN FRANCISCO CABIN CLASS

TOURIST CLASS

U.S.$487 ..U.S.$262

For ALTERNATIVE SAILINGS and further information

I

Apply to

NIPPON YUSEN KÄISYA General Passenger Agents in the Orient for CUNARD WHITE STAR LINE

King's Building

Tel. 30291,

CANADIAN PACIFIC

STEAMSHIPS - HOTELS

-ƐRAILWAYS EXPRESS

TO HONOLULU, CANADA, UNITED STATES

and EUROPE

via Shanghai, Nagasaki, Kobo & Yokohama

EMPRESS OF ASIA via Honelala

.7.00 a.mi, Fri., Niay 26.

EMPRESS OF CANADA Ÿla Honolulu ...........Noom, Fri, Jane B. EMPRESS OF RUSSIA

EMPRESS OF JAPAN vla. Honolulu

7,00 am, Fri., June 23. Noon, Fri, July 7.

Air-conditioned equipment en C.P.R. Trans-Continental Trains

Frequent Canadian, Paclio Atlantio sailings, to European Ports

MITAALTO MANILA-

EMPRESS OF CANADA

ÉMPRESS OF RUSSIATM

Building

Canadian Pacific

Fri, June 2

June 18.

Telephone

20752

to

Before going further, certain other

points arising out of the possible previous conviction, I Im institution of an Income Tax require pose a fine of $80 on him.” consideration.

This was said by Mr. Edwards to the necessary Having regard minimum cost of an Income Tax at the Central Magistracy this Department it would be uneconomie morning when HK. Mueller, a impoce it at a very low rate; and 20-year-old German, appeared It would probably be found that the before him charged with having maximum rato. should eventually be assaulted an Indian police con-

cent. put at 10

we consider, however, that the tax stable, Nur Khan, at Blake Plor would bo more eastly accepted and on April 23. less llable to evasion if the maximum rate on its firat institution were put at 5 per cent.

Even at that low rate, and allow ing for reasonably generous personal, family and other allowances, but always assuming effective administra tion, the existing very imperfect statistics of the income of the Colony suggest that the yield might be of the order of $5,000,000 per

annum.

This is, we hope, a larger sum than the Government is seeking to raise at once as additional revenue, The imposition of an Income Tax would no doubt be followed by remissions in other forms of taxation.

That would, of course, offer the opportunity of a further simplifica- tion of the taxatlon system and ren- der possibly the abolition of various minor irritating taxes, besides making quite unnecessary any of the "minor" increases referred to above.

Should Be Imposed

Mueller admitted the assault, Detective Sergeant A. Show, in charge of the case, said; ..

"At 1.20 am, on May 4, the com- plainant, an Indian constable, was on duty at Blake Pier. He was wearing uniform.

"The defendant approached him and the constable asked whether he wanted a motor-boat.

"I would like to say at this stage that the constable's instructions were that if any person came to the Pler and requested a motor-boat, he would get it for that pers

"Defendant then said that it was nothing to do with the Indian con- stable and that he would pay at the deak.

The defendant was standing by the booking office desk and he was detained by the Military Policeman other policemen as there were there at the time. “He was taken

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CIUNA. Incorporated by Royal Charter 1851

11

CONSIGNEES' NOTICE.

SERVICES CONTRACTUELS DEB MESSAGERIES MARITIMES.

Steamship

ARAMIS 14A/30 Bringhug Cargo from Marseilles Paid-up Capital Reserve Liability of Proprietors £3,000,000 Via Salgon, arrived. Hongkong on

£2,000,000 Wednesday, 24th May, 1930, Reserve Fund

*******. £3,000,000

HEAD OFFICE LONDON, 35 Bixlapsgate, ECI.

in London:

West End Branch 14/10, Cockapar street, B.W.3.

Stanchester Branch; -

BACHO Btreet, EC. 1

117/127,

07, Money Street, Manchester, 2..

AGENCIES AND DRANCHES:

Hankow Hlingvon

Balgon Beremban Shanghai Singapore Sitiawan Sourabaya

and General Your Dire

Amritake Managers are considering the switch Alor Star over to Provident Fund from our Bangkok existing Pension Scheme. This is a Batavia

| Calcutta change desired by our Floating Staff Bombay

Agencies: and one which we hops to be able to

Clive

Street bring into force as soon as adequate

Fairlie funds are collected for the purpose.

Place In the meantime every endeavour is

Canton made to avoid unnecessary ex-

Cawnpore penditure. In this we are confident that we will have the full co-opera- tion of every member of our staff, both ashore or afloat.

L

Cawap Colombo Delhi Haiphong

Hamburg

Harbin

Hongkong

Ilallo Ipat Karachi Kiang Koba Kuala

Taiping

Tientsin

Lumpur Kuching Madras Manila

Tongkah

(Phuket) Tringtao Yokohama

Medan New York Peining

Ícking) Penang

FOREIGN EXCHÄNGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS recolved for One Yest or shorter periods in Local or Other Cur reneles et rates which will be quoted on application.

Consignces are hereby, informed that their goods, with the exception of Oplum, Treasure and Valuables are being landed and stored into the Godowns of the Hongkong Kowloon Wharf and Godown Co. Ltd. Kow- loon, whence delivery may be ob- tained immediately after landing.

All claims, must be sent in to me on or before 3rd June, 1930, or they will not be recognized.

will be examin Damaged Packages:

bse the Company's Surveyor Messrs-Goddard and Douglas in the presence of the Consignees at 10.00 am. on Tuesday,

day, 30th May, 1939.

ed

Consignees, must have n' Revenue Oficer in attendance when any duti- able goods are examined by the Company's Surveyros,

No Fire Insurance will be effected by us in any case whatever,,

R. OUL, Agent.

Hongkong, 24th May, 1930.

PLANE TURNS BACK

Bangkok, May 24, The Japanese monoplano Soyokazo SAVINGS ACCOUNTS also opened in which left this morning, was over- Local Currency and Sterling with interest taken by a thunderstorm and re- allowed at rates obtainable on application.

BALANCE SHEET Turning to the Balance Sheet, the Book Value of steamships etc., has been increased from £643,000 to £1,017,000 by the recent additions to the feet and is now conservatively China Sundry Debtors in valued. and London call for no special com ment and all the amounts

Liabilities the

been in- overpaid, on terms which may be

in ascertained at any of its Agencies & Reserve Accounts have creased by transfers from Revenue Branches,

B. A CAMIDGE, Account as alrepairs and Renewals mentioned, that for Special

to

The Bank's Hoad Omeo in London) turned.

the Company have beened and claims recovery of Brita Income ture until fine weather-Domet.

undertakes Executor & Trustee business, The plane will postpone its depar-

for. With regard to

und

now standing at y ex-

is designed to meet penditure on work

special nature not allowed for in ordinary Underwriting onnual

Account has

Insurance. China

tion for new tonnage

by

MAUREO

Delayed Air Arrivals

:

AIR SERVICES Arrivals and Departures Of Planes

Outward

For London, Australia and Dritish countries: Imperial Afrways 7 n.m. May 20. Imperial Airways 7 n.m. May 30.

Inward

"He then pushed the constable out of his way. The constable came for- ward again and told him not to hit him. Defendant then struck the con-

slightly

For Chungking, Slam ete.: Eurasia stable in the face. At this time they

Four passengers, delayed by the and C.N.A.C., services indefinite. by sundry accidents not reduced were near the edge. of the wharf,

Sundry

Creditors

For vin

Gunm: FELL INTO WATER

mishap to the Delia in Bangkok, "When falling to the ground, the

from and London have increased arrived by the Imperial Airways Par American Honolulu Cino, Crun Our conclusion is that the advant-

plane, Delphinus, yesterday after am, May 23. due chiefly to Loans from the Hong-on The travelers were Mr. R. R. For France, vla Hanol: Air France ages of an efficiently administered in-constable hit his head on the stone come tax over other forms are overf his hend. Attempting to get up, floor causing a wound on the back

kons & Shanghai Banking Corpora Ruxburgh, of Messra. Thornycroft 6.30 a.m. May 27.

During the and Company, Dr. J. L. Buck, from whelming from the point of view of equity, and that, if it be considered into the water. 11e was rescued by he rolled the right side and fell

substantial repayments were Handl, Mr. N. Dunmers, from Lon- From London: Australia and Bri- Made unit put of available don, and Mr. Lin Ah-bok; from tish countries: Imperial Airways that the tax is capable of successful administration, in the Colony.

7.30 nm, and noon May 23.. Imperial it a boat-man and also alded by funds but on 31st December the la- Bangkok, should be imposed as soon as addi- Military Policeman, who had arrived

bility stood at £270,038.13.04. The The mail aboard the Dornde Altways 5 p.m. May 20. on the scene.

เ Contingent Liability for Cumulative arrived the Colony yesterday

From USA, via“ Guam, and tlonial revenue on a substantial scale

Manlia: Pan American Honolulu becomes a necessity. In view, how-

Preferred Dividends from 1927 to morning. ever, of the undoubted force of many

BY AIR FRANCE-

Clipper 12.30 p.m. May 25, 1830 inclusive still stands at £178,- arguments opposing the introduction

Carrying 33.068 Kilos of mall add 320.0.0d. and I reg heen

I regret we have not of the tax locally, we must quailty

been able to reduce this figure much

passengers, Air France arrived Kai Tak at 1 p.m. yesterday. our recommendation in five ways:

to be desired. as it is to to the Central (a) We inusi noi be taken as express-

cannot close my remarks wit-The

passengers included Kir. V. Ms ing the opinion that such sub-Police Station by the Military Pollee-

Lo, from Hanol. out making special reference to the T stantial extra revenue is actually man and he appeared to be under the

resignation from the Board of Sir Cavender, from Hanoi, Mr. Scherven, necessary; in so for as more re-influence of drink. He was

of from Hanoi, Mr. Kotah Beyrouth,HERAPION NG1 Robert Ho Tung for reasons venue is needed owing to the charged. growth of the Colony that very worship, to ask for a serious view

health. "I have been instructed. Your

Sir Robert has served the and Mrs, Rondon.

SOYOKAZE FOR CANTON THERAPION NO.2 Company as a Director ever since growth is likely automatically to

Bangkok, May 24, inerence the revenue, while it is to be taken of this case, Not only 1910 and his great experience and

ndvlee Found

The Japanese monoplane Soyokaze TERAPION NG3 will be sadly missed. outside our province to consider because of the fact that defendant

sed; which arrived here on May 19 bn its

Potson.a. Cuten Caronia Weska how far it may be needed to struck the police officer but also that

would like to thank him most return fight to Tokyo from Tehran, finance new or improved services, the complainant has bren in hospitni sincerely for his valuable services (b) The possibility of the successful for a matter of over four weeks." and am sure you will join me in left here for Canton at 0.20 am.

Domci, working of the tax should first

wishing him many

of good ycara be the subject of a detailed in-

health and happiness in his retire: vestigation with the assistance of

ment. an expert, preferably familiar with the collection of the tax in an Eastern country.

no

later

In replying to Mr. Edwards, Detec- Live Sergeant. Shaw said that the constable had been suffering from the effects of immersion and also from para-lyphold. Three wecks out of that four weeks he had spent in hos- (c) The imposition of the tax in-pital due to the typhold which he had

volves a new departure in fiscal polley. We assume that it would not be passed through Council

prior to being sent to hospital,

Mr. Edwards: What is the nature

by the use of the offelul majority of the injury to his head? and that unofficial members of

Delective-Sergeant Shaw: A small

cu1.

Council will expect recelve, What actually was the constable's before agreeing to the impos!-

purpose in tion, some indication of the heads of expenditure to which its yield will applied. (d) We feel that it would be unwise to impose a tax of this nature until a substantial body of opin- ion in the Colony believes that the tax can be levied fairly und emelently.

(e) The imposition of Income Tax should to some extent be com- pensated for by the remission. of other forms of taxation.

CONCLUSION

The minor suggestions which we have recommended should give an aggregate yield of at least $500,000 per annum, and possibly as much as $1,000,000.

excess of this figure If revenue in is required we recommend recourse

་་བ

he wanted to do? The defendant was anking the defendant what walking unsteadily towards the pler and the constable came forward at that time with perhaps the intention of helping him. Actually the de- fendant was in the way of the com- plainant...

Mr. Edwards to defendant: What have you to shy?

"HAD A FEW DRINKS" Defendant: I am very sorry, I have taken motor-boats every day and I did not know that an officer was supposed to ask me whether I wanted a motor-boat or not. I admit

had a few drinks and I am very sorry about the incident.

Detective Sergeant Shaw said that defendant had no previous record. Mr. Edwards said that assaulting a police constable was an extremely

serious offence.

to one of the three major proposals. be imposed, he had to take into con- In considering what penalty should

Of these, we believe that an inconsideration what land of duty the Tax would distribute the burden

most

If it could be eller constable was performing at the time equitably f tively administered and evasion kept of the assault.

reasonable bounds.

If Government

Institute

Even considering the circumstances

him

Wherefore,

is satis of the present case, it was quite ed that, after allowing for possible clear to him that one must regard the economics, substantial further re-offence seriously. venue from taxation is likely to be defendant that if a constable asked Mr. Edwards pointed out to the requ∙Within the next few years, about a motor-bost the defend-

appear desirable to

expert enquiry into the ant could have told him he would special practicablity of Income Tax in the arrange it himself and there was no Colony, under the Chairmanship, or necessity for the defendant to fight

with the constable. at least with the assistance, of a

The constable was doing his best to man experienced in the administro-

ussist defendant. tion of the tax

Eastern country.

it

a

in до

STOCK MARKET REPORT

Hongkong Stock Exchange offlelal summary issued yesterday, says:

The market was stendy with buyers predominating, Shares were difleult to be had owing to the absence of sellers.

Впусти

H.K. Bank $1,365 Canton Ins. $220 Union Ins. $435 H.K. Fires $180 Douglases $67 H.K. Whurves $107 H.K. Docks $17.00 Providents $4.63 H. & S. Hotels $5.59 H.K. Lands $35 Humphreya $7.00- H.K. Reallles $4.40 H.K. Tramways $10.85 Star Ferries $60

China Lights (Old) $0%-- China Lights (New) 38.35 H.Er-Electrica.35735......... Sandakan Lights $11.00 Telephone (Old) $281⁄2 Telophone (New) $7 Canton Ices $1

In imposing a fine of $30, Mr. Edwards sald that he had taken into consideration the fact that defendant had expressed his regret of the as- sault, he had admitted that he had o few drinks that night, and also that he had no previous conviction.

The Milliary Policeman who aided

the constable was Lance Corporal C.

Davies.

Cements $12

#

...

Dairy Farma Ex. Rts. 3314' Dairy Farms Rts. $151⁄4•

Watsons $7.05

Wing On (HK) 541-

Entertainments $61⁄2

H.K. Govt. 4% Loan.4%/um;A HX. Govt. 34% Loan par

Seliers

H.K. Steamboats. $16 H.K. Lando $35 H.K. Tramways $10.05 H.K. Electries 900 Telephone (Old) 324 ↑

Spica

H.K. Bank $1,8624/70- Union Ins, $435 § - H.K. Docks $17,00

H. & S. Hotels $5.60

HKL $3514

Cliina Lights (Now) #5 Coments,$12.05). "Antamole unet,

Atoks 29

I now propose that the Report and Statement of Accounts as pre sented be adopted, that Dividend of 0/- per share on the Cumulative Preferred Ordinary Shares for the year 1820 be paid, that £70,000 be

transferred to Genes Reserve, that £10,000 be transferred to Reserve for Special Repairs and Renewals, that the sum of £20,051.14.08. be carried to next year's account and that the dividend on shares on the Hongkong Register he paid at the rate of 1/2% per dollar, being the T/T rate of exchange on 51st De- cember 1030.

The proposal was seconded by Mr. F. C. Hall and carried unanimously. OTHER BUSINESS

Mr. H. V. Wilkinson and the Hon. Mr. M. K. Lo were confirmed os directors on the proposal of Mr. K de C. Longmire, ecconded by Mr. F. Morrison

On the proposal of Mr. M. H. Lo, seconded by Mr. B. M. Bateman, Mr. S. T. Williamson was re-elected as

director director.

Mr. A. R. J. White seconded that Mr. G. H. Gompertz proposed and Mr. A. Ritchie and Mr. E. M. Bryden be re-clected auditors.

Besides the Chairman, there were present Mr. H. V. Wilkinson, Hon. Mr. M. K. Lo, Mr. S. T. Williamson (Directors) and 10 phareholders.

Traffic Court Frees Few-

MADISON, Wis. Convictions were obtained by police in 99.58 per cent of the 12,002 arrests for traffic violations here in 1930, Police Capt. H. J. Morris has re- ported. Total trame arrests were double, those of 1937, which in turn were twice those of 1938.

Exchange At A Glance

SELLING Londoner

Demand T.T. Shanghai T.T. Singapore

TT. Japan

TT. India

Is. 2.25/32

18. 2.25/32

ten

at

From Chungking, Yunnanfu, Kwel- in; C.N.A.C. and Eurasin services indefinite.

From France, vlá· Hanol: Air France & pm. May. Vin

THE NEW FRENCH REMEDY,

Mark Saree DinazureKO NINA Qurua

atah Price 76, Chemists.ovelchar Ko return ki dify DALE CLA=csiad.Co.}{=VITA[82>RAN,W.ALende DR. LE OLERG'S'MIlls for the Livar —yrua klat dinnyn &bladder,

SEE! SOUTH AFRICA

& SOUTH AMERICA

By

Now Luxurious Round-the-World Liner

M.S. "Argentina Maru"

(13,000 tons gross)

ON HER MAIDEN VOYAGE

LEAVING HONGKONG on JULY 19th

PORTS OF 'CALL

HONGKONG:

SINGAPORE COLOMBO

DURBAN

CAPE TOWN

RIO DE JANEIRO SANTOS

MONTEVIDEO

BUENOS AIRES

170 .52%

105

.829%

TT. USA.

2014

TIT. Manila

.67%

DELEM

TT. Bolovla

.531/

TIT. Bangkok

160%

100

10.07

T.T. Salgun «T.T. France TT. Germany TT, Switzerland. TT. Austraila

BUYING

'm/s L/C London

4 m/s D/p

do...

4 m/s L/C USA.

.1/3.1/32 1/8. 29

4 m/s France

30 d/s indiaTM

U.S. Cross rate in Lon, 4.60.

CRISTOBAL

BALBOA-

LOS ANGELES

·YOKOHAMA

KOBE

HONGKONG

SPECIAL ROUND.

THE-WORLD TOUR

1st CLASS PASSAGE:

FARE £162

Hong Kong back to Hong Kong

FOR FURTHER PARTICULARS, PLEASE APPLY TO

Osaka Syosen Kaisya

St. George's Bldg., Conrisught

Tel: 28061;

Page 35Page 36