THE CHINA MAIL, JUNE 17, 1937.
NEW H.K.-EUROPE AIR SERVICE Agreement With France Believed To Be First Move
SIMON'S SIMPLE TAX ON PROFITS: MASTERPIECE OF BREVITY AND LUCIDITY
The rate will be five per cent.
in the case of companies and four per cent, in the case of firms and· individuals.
undertakings
London, To-day. The new Growth of Profits Tax substituting the National Defence contribution, will oper- ate for five years, from April 1, 1937, to March 31, 1942, thus coinciding with the period for which borrowing was authoris- ed under the recent De-yield in a full year is estimated at fence Loans Act.
Public utility will be exempt. Assessments will be made on sim-| ilar lines as on income tax.
EXEMPT AT £2,000
Profits below £2,000 are exempt
SIR JOHN SIMON
and one-fifth abatement is allowed British Safety
between £2,000 and £12,000. Total
£25,000,000.
Remission will be granted in ne- It will apply to trades and cessary cases to enable industrial business of all descriptions, in-undertakings to be established cluding holding companies, but not the professions.
5,000 Killed Or Wounded In Kurd Revolt
Istanbul, To-day,
Details are just available of
depressed areas.
The new Profits Tax met with a cordial reception in lob- by circles, where it has been nicknamed not "Simple Simon's Tax" ..but "Simon's Simple
Tax."
À MASTERPIECE
in
In China
London, To-day.
HANOI PROBABLE MAIN BASE
PARIS, TO-DAY.
AIR FRANCE AND THE GERMAN LUFTHANSA HAVE AGREED TO THE TERMS OF CONVEN- TION FOR CLOSE COLLA- BORATION IN THE FAR EAST, SOUTH ATLANTIC AND NORTH ATLANTIC.
The agreement, which is secret, will be submitted to the respective Governments but it is believed that France has secured advantages due to the fact that the Germans require to fly over French territory.
Hanoi will be the base in the Far East.Reuter.
Conclusion of the agreement is seen here as confirming recent re- "No British subjects have been ports of the desire of Eurasia Avia- kidnapped or murdered in Chination Corporation to co-operate with in the last twelve months," the parent organisation, Lufthansa, stated the Foreign Secretary, in establishing Mr. Anthony Eden, in the House between China and Europe. of Commons yesterday.
He added, in replying to a ques- tion by Mr. H. Day (Lab. South- wark) that "beyond this it is impos- sible for me to answer the question Members of all parties generally seeking full details regarding the regard the tax as a masterpiece of extent to which the lives and pro- brevity and lucidity. while severe perty of Britons have been adverse- critics of the original Profits Tax ly affected in the course.
of the
are somewhat mollified.
a serious revolt of Kurdish tribesmen in the Dersim area. The tribal chieftains, according to official documents published yes-
In order to emphasise its prim- terday, are opposed to the Govern-ary object, the new tax will still be ment reforms.
The Government has sent 25,000 troops with aircraft against the rebels, who lost over 5,000 killed and wounded.
a new air service
It is understood that the ser- vice will operate between Pei- ping and Berlin, with Hong Kong or Hanoi serving as the junction between the China service and the European service.
The agreement seems to indicate that Hanoi will become the junc
over
In a nutshell, the new scheme year, but all possible efforts have tion, although Hong Kong will be-
been made to safeguard them. amounts to a tax on trade and
come a principle link in the chain. business profits not exceeding British subjects in Sian were evacu- "I may, however, mention that 1/- a Pound for a period not ex-ated successfully in January when Eurasia to link China with Berlin It was the original design of ceeding five years.
that town was threatened by civil by the much shorter route
Russia, which would reduce the distance to be flown by half, but it is felt that in the political situation as it exists to-day there is little chance of securing Soviet authority to fly over Russian territory for
known as the National Contribution.-Reuter,
Defence
The situation is now completely Slight Mishap To
under control, say the documents.
The Government casualties were 13 killed and 18 wounded. Reuter.
MILL OPERATIVES DEMONSTRATE IN CHANGSHA
Government Plant Lock-Out
Changsha, To-day. Having refused demands of the workers for better remuneration, Mr. Ngai Sang-tu, manager of the First Provincial Cotton Mill of Hu- nan, closed the mill yesterday and threw over 3,000 workers idle.
was
Royal Coach
London, To-day.
There was a slight mishap to the Royal coach when the King and Queen arrived at Ascot yes- terday. The coach caught the rails as their Majesties went down the course before the
races.
Their Majesties were most in- terested as the rails were clear- been ed after the coach had backed twice, the King smiling ly explaining matters to Queen-Reuter.
N.E.I. BUYS U.S. PLANES
war."Reuter.
BALLILA PARADE BEFORE HITLER
Berlin, To-day.-
some years to come.
SIX-DAY SERVICE
The new
Young Italy made an appearance establishment of a service following scheme envisages the
in Berlin yesterday afternoon when 300 members of the Ballila paraded Eurasia pilots when bringing new more or less the route followed by on the Wilhelmplatz before Herr Junkers planes out from Germany Hitler.
to China to Herr Hitler, in an address to the services. Following this route re- Italian boys, told them that Ger-cently, the Junkers-52, taking
many and Italy were faced with the same problems.
the
They had sought and found path that led from national potence to national strength national justice.
a
im- and
ideals,
Large Orders Given Last Month
Reply of the mill-workers to demonstrate in front of Govern- ment House the whole day yester-
Amsterdam, To-day. day demanding settlement by the
Netherlands East Indies Governor, General Ho Chien. There
were the biggest buyers of were no disturbances for they were aeroplanes in the American faced by fully-armed soldiers.
The
mar-
ket during May, according to in-
It is reported that the Hunan formation received here from the, Government has accepted the re-State Department in Washington. signation of the manager of the A total sum
Dominated by the same they no longer stood isolated in the world.
of
Above all they were united in the fight against Bolshevism, one the world's "greatest perils." Trans-Ocean,
GENERAL BECK NOT
VISITING LONDON
Berlin, To-day. General Beck, Chief of Staff of of U. S. $2,500,000 |the German Army, will not, as re-
ported earlier, visit London.
mill, and that Mr. Shiu Chang has was spent by the N. E. I., the whole been appointed to act. Our Own of the expenditure being for Correspondent.
laeroplanes.-Trans-Ocean..
augment their
China
things easily throughout, flew from Berlin to Shanghai in nine days.
Under air mail service condi- tions, the Hong Kong-Berlin section of the route would be covered în not more than six days.
Agreement with the French au- thorities to use Hanoi was a prere- quisite to the formulation of plans for the service, which are expected to proceed more rapidly, though ne- gotiations, which may take some time, will be necessary to secure permission to fother points en over India and
route.
Exhibition and will confer with General Gamelin, the French Chief of Staff.
་ |
An official statement says he will return directly to Berlin and will General Beck is arriving in Paris not make a trip to the British to-day, where he will visit the Paris 'capital.-Trans-Ocean.