Mukdeo, July 11.
It is stated that a Japanese cotton mill in Liaoyang having refused, Bay, the Business Tax, the 'Liaoning ancial Bureau has' requested al Chambers of Commerce in the Pro-nee to circularise merchants advis-jing them not to cell the production of this mill—Renter.
Hongkong, July 5.
The Legislative Council, meeting! presided over by His Excellency the Governor Sir William Peel x.ca.c. and the local members of Justice of] Peace took place on July 3.
The first motion adopted by the! Council was moved by the Hon. Mr. Southern who, addressing the meet: ing said: Sir, 1 bring up a rule Supreme Court Ordinance, 1873, an move that it be revised and approved.
The Attorney General seconded and the motion was adopted. The following is the deta led report made by, the Colonial Secretary:
"By the command of Your Excel to move the first readin ofa to authorize the appropriation of a supplementary sum of $2490,571.02 to defray' the charges of the year 1930, 'The dotal all items making up this sum have already been fully explained to Honourable Members from time to time' and during the course of 1930 receiv the approval of the Finance Conimittee and of thia Council in the usual way.
the Detailed Statement of E: penditure and the Treasurer's Re port on the Fi inces for 1930, eopof which have been furnished to each member, give the reasons for the excess.At-a glance this sum of $2.4 677,02 appears to be a large tone as it represents the net gupplementary appropriation required over each of the heads exceeded, mo! count: being allowed of savings on other heads.
"The actual increase in the yeat's expenditure over the sum_ voted] amounted, however, to only $851,131. If the actual expenditure of the year
is $801,178 only, thus reduction compared with revenue, the defi excess Of assets over liabilities from] $9,861,679 on December 31, 1980; in other words a loss of $261,173, on the year's working.
"Fall details of how these figures are arrived at are given in the Tres surer's Report, 1" would howe' mention some of the reasons in general way. First, there is the fal in exchange; the oper ning rate on January 2, 1080, was 1/7.9/ 10 and the desi rate on December 1 average rate throug!
Text read from the printed page and cleaned; old type leaves the occasional error.