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CHINESE CURRENCY CRISIS LOOTING COLONY'S TAXATION
"Adequate Measures" To Be Taken
Dealings Banned
In Five Areas
Nanking, Feb. 12. The Minister of Information, Mr. Peng Hsueh-pei, though declining to give a detailed comment, told a press conference today that the Govern- ment will take “adequate measures" to control China's wildly fluctuating exchange market. He called the currency fluctuations "symptoms of a deep-rooted disease, resulting from eight years of Japanese aggression and two years of ever-increasing Communist destruction." Peng said that the Chinese people must not delude themselves by thinking that the situation can be remedied through changing the name of the Chinese currency and adjusting the ex- change rate or customs tariffs.
Peug said at the Govern ment was confident that it can cope with the present crisis. "Adequate measures are being taken and will be taken,"
hh said.
are.
What these measures However, whether they would involve a change in China's
·COAL TIES HIS HANDS
Landan, Feb. 13. Beitebi förrigu paling res flects the present coñamie secateness, Porcina Secretary Bevin declared in an address ta students, whom he arged j
enter productive trades
to
rather Phon "white" coller jabs."
"He said: "If I had 10,000,000 tous of coal more, I ahonid be three times as powerful in Europe I am.”-dvincial - - ed Press
Mr. Bevin
Announces Failure
Kowloon Smash:
2 Dead
Two R.A.F. men help-
OF RICE SHOP
Shanghai, Feb. 21.
A crowd of Chinese
besieged a rice shop in Shanghai and over the protestations ployees seized most its stocks."
of
em- of
To Follow Pre- War Model
Government is not finally committed to specifiè
assessment scales for Income Tax in Hong Kong, the "China Mail" learned yesterday from trustworthy sources, though recommen- dations have been put forward and the details are under discussion.
The proposals envisage direct taxation which is not true Income Tax, but follows very much the lines of the provisions of the War Taxation Ordinance, including Salaries Tax, Corpora- tions Profits Tax, etc.
||
DRUNKENNESS IN BRITAIN
Oxford, th, 12. The annual Lieruning aca-- rians reported today that
Britnin drunkeningas in
God increased 100 per cent dering that 1044.
wu8 latra Cambridge
ridge led all of England: in drunkenness and Oxford
tons arcond. It was regarded as the Dark bitter defeat for the Blues of Daford University.
The licensing sesion was held before the Public magis- tritt for invern and restmen Tout centrs applyšiu for wat liquor licences-United Preasi
This was the Best of the called "rice rints which the shopkeepers have feared would result from the high prices 'and'
rtificial scarcity of sticks.
The incident was discussed by emergency meeting by Mayor
As hinted yesterday, business, business enterprises. Further, ed to extricate badly in-. C. Wu with some 60 represen
Lative merchants.
emcerns would be well advised) it is easy for firms to debate jured passengers from a The Mayor appiraled to the to set aside a reserve for taxa such payment and if Govern- bus which skidded, ran raid continued Increases right excess of the 1911 level, and 25 check the defaulters then I merchants not in raise prices. He tion on profits considérably in ment seriously intended to across the pavement and have serious ensequences. crashed into the wall The
The Mayor said are rice shop Fer cent. would be a wise pro- think the money expended in
vision..
the direction would be colossal of the Imperial Ball-owner was arrested for refusing
Although no official confirma- and would spen avenues for selling rice although he had a room in Nathan Road large stock available.
tion of the salaries tax pro- | corruption, and bribery.” femed mutside rice visions are get obtainable- "For last night. Two of the sho
instance," continued which were still seling since the whole matter is still Mr. Sin. "I ded that in a pro. victims died later, while while others said their stocks under discussion and exumina-perly deal the lawyer who pre-
were exhausted. another of the injured, a'
the highest Municipal
levels authorities said the small boy, is not expect stocks were sufficient to last the graduation of the salaries what a broker earns. The law-the man who rose from
there is reason to believe that res the assignment makes roughly about one fifth of
ed to live.
The bus, which was- proeged- ing from Shamshuino to the
com-
Hutchinson, both of the R.A.F. station at Kai Tak., who were in the Imperial Ballroom, heard the crash and immediately dashed outside.
серед
Tone time if the was no hante Ing.-Assciated Press.
Paris O.K. For British Treaty
tion at
tax as recommended. follows
Worker, Financier, Convict
Derby, Fed. 12.
Ernest Teran Hooley,
very closely the prediction, Gyer naturally has to pay tax
a 30 shillings a week fac. because he must keep a proper} per vent.. 12% per cent. 13 eet of books but where is the i tory hand to multi-mil- per cent. and 25 per cent.
Hong Kong's main topic of check on the broker who is a lionaire and fell to a conversation at the moment-free lance and does not keep convict, died last__night whether over teata fus of bars helts? He wil therefore get at Long Eaton, Derby- in hotels or priv housesff entirely scut free. With the impending income tax to
duction of regard to the proposed tax levy shire. He was 88 last married couples, it seems Wednesday.
ony.
"Only by an early resumptis goid paliey, whether the Central| of our reconstruction wark and Bank of China wonki continue by applying the motto hard to sell gold iu" an effort to work and striet domy can stabilise the currency, whetherl we find the fundamental cure the currency would be devalued, | of our anemic condition", he whether a sustitute would be
London, Feb.-12. .said.
worked out for the export sub-
The final breakdown! Star Ferry, scidded of the sidy plan or whether any other plan would be instituted Mr. of the destine Confer-Fat 10.40 and was
pily smashed. Prae refused to say.
ence cane today when Aircraftsmen Harrow and Any reply to such questions the Foreign Secretary,
said, would without fail rectly affect the market, and Mr. Ernest Bevin, told dded: "This year will be the the Arab delegates at most difficult on the road to the resumed conference emic convalescence "--Reu- that the British Govern-
- Paris, Feb. 12. Transactions Banned nient had been trying to wreckage an old lady, suffering
The Foreign Affairs Commission find a middle course in little boys (one of whom
of the Nanking, F. 13. Purchase, sale and all other the Palestine problem his head split open and is French National Assem- involving United but had met with not expected to recover) and bly today unanimously
five men (two of whom died approved
the French g:ld have been banned by the spirit of compromise on
in, hospital later). Piping, Chungking. Canton,jeither side.
The two conductors were proposals for a Franco-options of 13 members of the Tringtan and Taiwan focal Mr. Bevin gretfully said that among the injured, while the uthorities, according to Gov-be-would have to report failure hiver is suffering from shock. Inspectors Serim,Whitcroft erament sources,, who indicatello reach any agreement to that this might be the prelude Cabinet on Friday and that he and Rail, as well the Emergen ey Unit under Inspector N. A. Lo a nationwide runaway. in-would like to meet the Arob de legations once more lo convey to
Clark, them the Cabinet's views
were quickly on the It was agreed therefore that the
White Cliffs Tumbling
Dover, Feb. 12.
It is estimated that a quarter of a million tons
transactions Sites dollars and notes and
flation.
Government
the
Meanwhile, top of the White Cliffs officials, spurred--to action by conference should have one more Dover have tumbled inshek's personal intervention.
Generalissimo". Chiang Kai-session on Friday afternoon.
Mr. Bevin said that if the two
"""". to the sear near the Kent continued a frenzied search for parties could not settle the pro- beauty spot of St. Mar-effective measures to save the blem by themselves and, if they
garet's Bay,
Deal and Dover.
rapidly deteriorating financial which had been made by the Bri- between
Ush
would not accept the proposals
and economic situation,
delegation. he thought the United Press was reliably Government would probably have informed that an outline plan to submit the whole matter to the already mapped in an effort to United Nations.--Reuler. stabilize the situation would be promulgated shortly. St. Margaret's Bay, a
While reports ·tliat, the 'Gov-[ cove at the bottom of the cliff ernment planned "drastic steps"
Last night.
a landslide of the familiar chalk el. about 150 yards long. 30 feet deep and 200 feet high, decurred.
amali
GRENADE THROWN
and reached] by a mile-long proved a steadying influence AT POLICE
winding hill, was heavily shell cross-channel ed by Germ gune during the war and later its shell-torn houses and he ches were used as a Commance training ground,
The war shakap and Arctic
reversed the
They pulled out of the
frir a cut across the chest,
scar.e.
Couple Brother & Sister?
British treaty..
Informed sources.. believe that negotiations will be completed within a short time and that a pact will be signed before Moscow Foreign Ministers Confer- ence next month.
the
re-
Views on the hicct are that the twelve and a half per Hooley was one of the most. Va1ied and mat "ut in a cent suggested for income powerful financiers of the century round-up yesterday men and abve $5000 will encourage idle- and at one time, it was said, own
men of differing ccupations nges because it will have the d 10,000,000 worth of land it
Britain. and salary scales tried to ab- tendency to make either the
He was a member of many of tain an overall picture of the husband or wife retire from the most exclusive clubs in Lon- reaction which income tax employment so as to make the don and according to his ow would receive in Hong Kong, income below the $5000 mark statement was one the guest of writes Moragret Bradbury. With regard to the allowance of King Edward VII at Sandring
Here are the representative married couples-the figure ham,
should be
Hooley KW his wealth an! raised to a least fame toter when he was sentenc public:
$10000 and as to business, tax, ed in 1922 to three years penal instead of having a flat rate of servitude for alleged frauds
Dead Against It
• 25 per cent it should be basedį" "When still, a young man, Högleg
A prominent business man na graduating scale say from floated or was the power behind said: "I am dead against in-seven and a half per cent on come tax being introduced here.. wards."
My reasons are that it will not
a case of equal Imposition; Necessary Evil
such great companies as Duniapa
Singers Bovril and Schweppes but of course had nothing to do
with them from shortly after they
The Foreign Affairs Commis. 'sion today also decided to send a special delegation to M. Bidault to ask him to seek a common un- derstanding on the Saar, the status of the Ruhr and on |parations-questions <zyjeh are. nct expected to be included in the Franco-British pact. Heuter collectors are concerned. While tion plan we must see it as a In the Colony who appear to,
the Government needs more very necessary evil. I suppose have their wealth tied up in Tunney, there are hundreds of one can at least hope that it many curious and other workable ways of getting will not be as high as our ways."
it will be difficult to ccllect, and From an Englishman station had been floated,
in any case the Chinese willed in Hong Kong comes the. It is claimed that in 1896 and evade it and will most likely opinion that: "Considering the 189 Boated companies with a
combined capital of £30,000,000.- gu under five or fifty names impending income tax levy as Rouler. as the Government's part of the postwar rehabilita--
No Delay
The
London, Feb. 12. French Government's activities in Indo-China will in Swansea, Feb. 13. A magistrate's court no way to negotiations for an Anglo-French alliance, Mr. hearing that began as a Bevin said in the House of Com- simple case of forgery.mons today.
The proposed alliance between on a marriage document Britain and France, Mr. Bevin was quickly adjourned declared, is to prevent any fur
ther aggression by Germany, as to allow investigation stready stated in the House two today of charges that a weeks ago by the Prime Minis bride and groom of four-Reuter. months are sister and brother..
yesterday and swift decline of Chinese A Chinese challenged by police cur- in Argyle Street at 10.05 ast rency, observers. saw grave
night threw a grenade, which ex- danger in the fact that-com- ploded. There were no casualties modity prices refused to follow The man was first challenged gold and the United States near the railway bridge: Here dollar downward and the likes fused to stop and ran into Sai Ye weather are believed to be res
Blood appeared that there Street where the police opened ponsible for the landslide bul
would be further hikes in fire, following, which he threw the
grenade.. falls are fairly frequent around prices due to widespread hoard-gren the whole chalk dit belfing and to the reluctance of Inspecta-Clark-ere on the spot The Emergency Unit under England-Reuter.
merchants to dispose of stock, in a few minutes but up to the -United Press.
time of going to prees no arrests was (Continued on Page 8. Col. 0)
hanel been made.
Determined
Criminal
Sentenced
London, Feb 13.
Sentence of 11 years
penal
servitude was passed at the
Central Criminal Court. to
British Assurance To America
Washington, Feb. 12,
day on Rowland Westbrook, 27. It is still the basis of the British Government's
who on Christus.
Eve shot
dead a Jamaican airman in-a London cafe' and in a sub- sequent police chase ever, rook tops wounded a policeman with
pistol shot..
man
Samson, said he did not believe The magistrate, Sir Marley true. But 17-year-old Llewellyn Protheroe said his mother told him that he and the girl he wanted to
22-year- old nurse Dils were brother and sister and she would not consent to their marrlige.
Llewellyn admitted forging his mother's name to the consent form after Dilys had gone to his father and got a denial of his mother's statement. He said his father ap proved the form
the
London, Feb. 12. Kimon Collas, 65-year-old Greek Minister to Argentina, who is staying at a London hotel, was knocked down and very badly in jured Bond Street Laday-Reater.
by a motor car in New
as. far
peculiar
it from the people. The appoint-rentives are paying in England. Mr. F. Ye Ho, Manager of ! ed body will not be able to. It will be interesting to se, how C.N.A.C. said yesterday: "From achieve the result it hopes for the Government here carries a transport firm's point of view, simply because collecting the out un effective control over any introduction of income tax tax will be practically impos- the incomes of various residents (Continued on Page 8 Col. 1) sible in a place a near to the mainland of China."
Mr. Peter Sin, the well known lawyer, was pessimistic yester- day about the talked of intro duction. He lold me.
"I hope that the prediction. in your newspaper yesterday is mere conjecture because a fint rate. of 26 per cent levy on business p fits is, to say the least, ex- horbitant. Whilst I agree that money must be found far the rehabilitation of the Colony sich high tax will discourage
JUST ARRIVED
SHERWIN
PAINTS
Hong Kong Airport WILLIAMS
"Under
Decision'
London, Feb. 12:
marriage and signed In reply to a question from Lieut. Col. Rees Wil-
the
Protheroe listened frem the back of the court room
testifled she had, been told
Dilys
ឆន
her parents died when she was a baby and that she was placed in the home where later she wal trolned as a nurse.
Cu
de net remember my por-"This
she told Sir Marley.
The..
THE WEATHER
liams, Labour, in the House of Commons to policy that intimate and uninterrupted An-
day as to what progress was being made with glo-American collaboration is a fundamental
the construction of an airfield in Hong Kong of world peace and security. This assyrance
capable of being used by large air liners, Mr. was given by Lord Inverchapel, British Am-
Creech-Jones, Colonial Secretary, replied: 'bassador to the United States, to General
matter is still under consideration. The He was found not guilty of
George C. Marshall, U.S. Secretary of State, murder but, guilty," of.
decision involves difficult technical and finan- magistrate. said Mrs. slaughter of Aloysius Abbott, i
it was learned from authoritative circles here. Protheroe probably made the cial problems."
Rees Willame, who recently am-informed that the Governor Jamaican, in the RAF, and ad-
tonight.
statement malevolently to prevent visited the Far East, also sug- has not yet received any recom mitted the shooting of a police
More than usual significance Such rumours have been es
the marriage, but ordered the man with intent to resist are was attached by both British and couraged by suggestions that the court, probation officer to investigated that in view of the need mendation on the subfact
United States Government circles British.
for fresh fish to supplement the Mr. Pritt also asked what action rest.
Labour
Government's United Press.
Malayan rice ration, the Colonial had been taken in response to the -to the He claimed
́ssurances "given during position has been weakened by that he was the customary exchange of views the fuel crisis, and that Mr. Bevin
Secretary should give them the petition by Singapore teachers. beaten up by coloured men between the Ambassador and the might have to make concessions
assistance. this debessary to make good sent to the Governor nt Singapore in the cafe and fired in self incoming Secretary of State... on foreign policy to the Left Wing defence..
of the Labour Party because of N or 30 deg. N. premalons are forging
An wollcyclone covers Chise and Japastalled: "Every effort is being made tion to the pay of teachers.
The Colonial Secretary, ex months ago praying for a. redresa. of grievances in rela Mr. Justice Atkinson, after which have frequently been ex-
This was in view of the fears the domest'e political situation."
to supply fishermen in Malay along the China Cuast Boom 20·4vir, N., listing a career of crime since pressed in recent weeks by Uall. ?
Coalition?
Presiyes had risen over the equatorial with the necessary equipment to that he had asked the Governor The Colonial Secretary replied the age of 15 in which Wested States officials to private, that Some speculation here about reaton and all anticrelone is the H. enable them to increase their brook was sent several times the recent political pressure to the possibility of the formation Chi Sex has failed
for a report and catcher and a special Comics of Singapore Today's Forcoat: Variable winds, sioner for Southeast Asia is pay had received it-Reuter, to Borstal institutions and which Mr. Bevid was reported a coalition government in Bri-fhentes from the lates; conticular
would write to Mr. Pritt when he ultimately to gaol for burglary, to have been subjected by the tain, strengthened by come talk unrated with pesional.
particular attention to this ing declared that between his re. Left Wing of his Party might re- of "failure of the Soleilet
in Britain swinging away periment by extre
extreme Conserva lesce in August and Christmas from the American to the Russian live commentators, has tended to
Pritt, Mr. D. N. T. Yesterday's. Wolhres-
Independent Labour MP, asked what recom- Eve, Westbrook committed 44- viewpoint.
Minimum 58,4' der.. F... weaken the general confidence in
mendations casus of burglary and house Particular alarm had been ex- the political
the committee, an pointed by the Governor of the breaking, which were taken pressed est, Mr.
his lish Cover strength of the Bri. Boshloe! "NII. Beyin, in
generally
Bainfall: 76 mm. Total since Jen. Tor Malayan Union to consider into account in the sentence.petrator of the band of British
17.8 mot as Arminst 44, Azar, efplication to Malays of the assurances given by Lord
prin “Tokunaga" (and 'Ballo, to Hang. If ever criminal bad the
for infplementation at the Inverchapel to General Marshall
in his department's memor- Income Tax Id it Fairt chance given to him who did forthcoming Mcacow conference, have been accepted in State De-
sndum ra organisation of the Page Three not deserve it, you were hecessions to Russia over central any doubts regarding Anglo-Rd. Humidliy
might
be preparing to make, con- pariment circles as clearing away Barom
Colonial Servico, has made for Noma Triat bridging the gap between the judge said. "You have unification in Germany and the American harmony and under Dew Point
The Page Five proved a determined criminal. propreala, for. Germany's eastern standing in preparation for the Wind Direction
Reuter,
*Morecw.conference Rosferasi
The
sichen of; m last
Maximum: 60.8.def. F. 11.
• Wind Forep
-
·wing and
Readings at 10. „1012.1 :) 1811.4- mic
14:
de
By dor.. entary rates of European and g| Asiația officers.
··36 knojzi
Mr. Creech Jones replied; "T
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