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Comprehensive and Complete Record
of the NEWS OF THE FAR EAST To given in the
HONGKONG
PRESS
THE HONGKONG Laily PERSS, THURSDAY, APRIL 25ra, 1918.
EARLIER CABLES,
TAKAOUGH MUTER A QUENCY,"
GREAT BRITAIN'S BUDGET. PRELIMINARY STATEMENT.
LATEST CABLES.
Mr. Bogar Low said the farmers would
SOME EXPLANATIONS,
The 6 income-tax mentioned above.
POLITICAL TRANSITION OF CHINA.
be required to pay upon twice their ren-applies to unearned incomes exceeding INTERNATIONAL RELATIONS.
tal unless they preferred to come under the ordinary income-tax. This wou
would Field £2,300,000 this year, and £5,500,000 in a full year. The spirit duty would be increased to 10%. Der gallon, yielding
£10,500,000 this
The beer, duty -year- would be donblei, vielding £2,700,000
2000 and earned exceeding £2,500. It is estimated to produce £1,400,000 in a full year Society, held in the rooms of the loyal At a meeting of the Sociological
EXTRA-TERNITORALITY, AND LEASED
TERRITORIES. Extra-territorial rights similar to those granted to most of the treaty Stutes. Japan, till 1898, was subject to the same
The income tax is unchanged on turn ed incomes up to £600 and raised 3 to Society of Arts, on February 19th, Mr. restriction. Siam and Abyssinia, like those of £1,000, and rising to 5/3 to those 5. G. Cheng, M.A. B.Sc. (Econ), reari China, aro 166 masters in their own of £2,500, Pun interesting and closely reasoned paper tools, whenever a law suit affects a Regarding income chargeable to the Political Transition of China European Chua now, following the Domininas income-tax as well as British and International Relations, Ines of Japan, is remodelling her income-tax, a White Paper says it the absence of Mr. Herbert Samuel, eiva and criminal laws and reforming is proposed to continue the provision, who was detained in the House of her prisons on European lines. It is Commons, Mr. Graham Wallis prosided. hoped that in due course they will come
the The Food Controller would fix the prices under which relief from the double the lecturer in the course of his address, ap to the standard of European justic
LONDON, "Apeil 2nd. Mr Bonn LAW introduced
of spirits and beer, and he believed Budget in the House of Commons this the trade would still make a fair pro- Afternison.
fit. The duty on tobacco would be in creased by 1/9 per pound,
The yield from tobacco this year would be £7,500,000. There would be a wall. additional duty on matches, yielding this year £400,000, also an additional 3119 1200 sugar, yielding this Frar: 312,400,00
is allowed at the expense of the British Exchequer subject to the retention' at present existing of a British income-tax of a minimum 3/8,
RESOLUTIONS PROVISIONALLY
CADOPTED.
HOW BRITAIN CAN
DEFEATED
SAINT GEORGE'S DAY.
BE
and confort Morcover, she, in order to You will probably be struck by the fact secure à judicity to administer bez re that every member in the lower House formed laws, as doing her best to train A preliminary Parliamentary state-
of Parliament represents 800,000 people, a suficiently large number of jurists, who of whom less than half have votes, and should in future be able to deal with ment has been issued, which showy how
that the voters, themselves practically illegal questions with honour, equity The Budget resolutions were provi-exercise no influence in the choice of re- nud justice as they are understood in revenue compared with the estimate for
presentatives. A constituency of 800,000 Europe. It is reasonably hoped that 1917-1918, « nawely :~-Customs, £71,261,000
sionally adopted:
inhabitanta is, in fact, too vast for one befor long extra-territorial rights in increase, £51,000; Excise, £38,872,000 The Chancellor alounced a Luxury
representativo to represent and the Ching will be abolished, and foreignere Tax following the French example, cand
election by two stages deprives the voters in China will be under her Inw Apart imerense, - £3,822,000 Estate Duties, he asked the House to appoint a Select
of one of the principal uses of giving from extraterritorial rights, foreign Committee $11,071,000 increRye £2,074,000 articles. The tax would be at the rate of
the vote. It is, of course, an Powers possessed some claims (vre China to frime schedules defining thre
A GERMAN PUBLICISTS VIEW settled point in china whether the which are anomalous in international Stan, £8,300, con increase. £300,000; twopence in the shilling, and he con
members of the lower House are repre law, A lenso of territory by her to cluded by expressing his conviction that
LONDON, April 23rd. sentatives or mere delegates of the another State involves surrender of her Land Tax, £005,000-increase, £12,000; the House would exrming his proposals
prominent German publicist, people. But the vastness of the constitu-sovereignty over the territory leased for Inconie - Tax, // including Super Tax and from a desire to help the Govern-Zeitung, saya is increasingly prob which the voters take in current politics as claimed by States because China was
with full realisation of the necessities Georg Bernhard, writing in the Fussche
cey and the faintness of the interest the duration of least. Lens of territory 4239,209,000- increase, £15,509,000; Ex- ment. He was perfectly certain the coun-able that a speedy peace can only be of made it inevitable that the members once unwilling to open her ports to foreign Profils Duty,20,214,000 increase, try would, bear the additional burdtained politically. If the war must be elected are no longer subject to the will trade Foreign Powers, therefore, must 20,214,005; Land Dulles, £68,000-In with the saute spirit which it hore ended by the sword peace can only be of the people. But even with the Re have in her sons harbours and coaling crease, £995,000. Total receipts from sacrifices far greater than mones.
dietated in London, and that necessitates presentative theory there should be some stations for their ships and settlements Taxes, 13,049,000--Increase £440,000
THE BUDGET REVIEWED.
time. Great Britain can only be beaten link between legislators and their con- for their businas firms. The claim is Receipts from other sources tutalled.
If the Central Powers unite on the Constituencies, if the essence of Representa now no longer sustainable in view of the 1294, 103,000 - £rease £20,4,000,- The
LONDON, April 22nd. finent by anderstandings of widen the tiv institution is not to be destroyed. takal' receipts rom all sources shows | Of the £950,000,000 advanced by the basis of their power by annexations i
fact that since 1000 Ching has not only. BABSENCE OF PUBLIC OPINION £707,273,000-inertage over estimates United States, mentioned by Mr Bonar the East and West,
put no obstruction to the extension of Q,645,000. The total expenditure pre Law, £500,000,000 were advanced to
For the growth of public opinion several foreign trade, but has done everything in conditions are requisite. Homogeneity of her power to encourage it. She has vided: Jowth to 19171018 Budget wistirent dritain and £450,000,000 toổ thu
population one of them, In this repened voluntarily any ports both on £2,200,191.000 nd the Supplementaryoter Allis This year we advanced to
spect Ching Anas no obstacle in her path,ho cast and in the interior in which Estimates amounted to £47,795,000. The our Allies approximately the same
No doubt with her boundary the hay foreigners can live, trade and settle as estimated expenditure was £2,767,61,000 nuotini ha lest veure making the joint The votes: tor the Army, Navy, Air Anglo-American advances to these Allies
tins, hatt no vital questions like, thos and are given every protection by th populations of different races and tradi- freely as in any free European country Services and Munitions for 1918-1919,000,000. Thus our borrowings from
ilustrial development of the country Chinese polim di the present, tlio are merely a tokan. Other stimates of the United States only totalled appro-
and the reorganation of the national voluntary ports are beginning to rival expenditure, for 1918-1910 are: Civil Serximately what we had tent to the Allies
defence, Alaneaus, Tartars, Mongols, atut the treaty ports, both in number and in vice, 404.020,000-increase of £2,803,000: This showed that after four years of war Customs, Inland Revenue and Excise were self-supporting. Vl
the Chinese of the North and South Are volume of trade. Leonection with the £5,578,000-indream of £24,000 Past The National Debt and the present
issentially ako. The hundred million · Iraso of territory, there were some other Ofice £26,141,000 increase of £161,000 year amounted to 17,980,000,000, Former
Tainese speak the same language, pri diligations on the part of Ching not to Consolidated Funds Serviers, 21,714,00)-
Is the site religions, and inherit the cede certain parts of her territory to any Mongols, and the other races who are State. In 1895 China consented not to now under the rule of the Chinese have cede the Yangtze Valley to any Power alrust, all abandoned their own lug without the consent of Great Britain. unges and customs, and have been on The obligation is passive and occasion tirely assimilated to the Chinese, both in has never arisen to put the case into letter und in spirit. (Hear, hear.) The real ditneulty in the growth of public
The Chairman, in expressing thanks to opinion in China is that the people, the lecturer, said it was one of his hopes Inigo are not always interested in that in the future there might be estab politics. The average Chiness is per- naps industrious, bouest, and even virtu lished a new China Society, where both good man is not necessarily rood, and sociology could meet together round aus, but to use an Aristotelian phrase, a
English and Chinese students of politics citizen. To quote JS. Mill, repte tems of the East. He believed himself sentative government is only suitable in that the solution of the enormously dif a table and thrash out the common prob the esse in which the people are willing foul problem of Government of the to receive it; (2) the people are willing Asiatic continent lay in the development and able to do what is necessary for it of the Federal idea which gave real preservation (3) and the people are will- ing and able to full the duties and discharge the functions which it imposés on them. If I apply these three criteria to China I feel that I m frankly admit that China at the
present it not yet rips for representative govern ment. Throughout the long range of her history, the government of China has a handful of persons superior in character and intellect, und not as the of the world depend
LONDON, April 23rd. At a meeting of the Society of St. Georg at the Mansion House, Lord Milne said: In this hour of trial Great Britain stood out greater in ever, not nicely in the mateness is of her sons, but in their cheerfulness, and their undaunted spirit. Never had the banner of St. George fouled over more magnificent fighting men by land, sen, uncomplaining people.60
| increase of $19,000; estimated expendi, fly he had deducted ell advances to the or air, or over a more resolute and more und istorical traditions. Munchus, Power without the consent of a third
ture chargealtengainst capital, £710,00% he did not propos, doing so to-day He allies and Denisions from liability, but decrease of £218,000; Old Age Pensions, £12,085,000: Ministry of Labour and Insurance, etc., £9,019,000 and Educa tion, 542:29,300),
CHANCELLOR OF EXCHEQUER'S SPEECH.
of
LONDON, April 2nd. Me Bonar Law, introducing th) Budget, which is the largest in the history. the world,terred to Amrica's financial assistance to the All His ancipations in that respect had been tutalled, but, despite taat, British advances to the Allies last year Bunte in £500,000,000, while the total American advances to ourselves and others were £950,000,000. He (Mr. Bonat Law) had been in communication with the American Becretary of the Treasury con cerning these complicated transactions and had made suggestions which, if adopted, would lessen considerably the British birden while not mere
America' total obligations, - de
Quoting the figures of revenue and expenditure of last year, the Chancellor stated that the deficit amounted to £1,089,800,000, which was covered by
did not regard the advances to Russia as and debt because the Russian Gavern. men would duly realise foreign capital for exploitation trom sources not obtainable unless her previous debts were paid, a
Mr. Bonar Law glo proposed to re gard huir the Allied debts as if they were our liability at the end of next year, because we must take into con
dration the possibility of some of the Allies being unable to pay interest on advances immediately the war is ended. The total Allied Debt to us at the end of best year would be £1,638,000,000, which, after half the deduction already mentioned, also the Dominion's debts and India's obligation in full, wake a total of £1,124,000,000,000
GERMANY'S FINANCIAL
et
POSITION. Denling with Germany's financial posi- admitted that bet tion, Mr. Bonur Law said Germany had present daily expenditure 15 almost the e Gurs, but
was
EARLIER CABLES:
RUSSIAN AFFAIRS.
RUSSIA CONCEDES, GERMAN: DEMAND..
LONDON, April Sind. A wireless Russian official, statek :- Russia has informed Germany that orders have been issued to the internment camps to prevent acts of violence amongst the war-prisoners who differ in politice, and fluksin an autos Germany that officer prisoners will enjoy the privileges they possess in their own country. More over, the officials have been instructed to renounce all agitation against the polis tical constitution of Germany and her Allies
responsibility to localities whose Govern en might be directed by trained local lenders. Referring to the present war he people who had steadfastly adhered to said the Chinese were the only great the principal of peace, and had shown that respect for human life, that large. and moral conception of international. relations, on the development of which
£6.250,000, which This Press Bureaut announces: The always been considered as the business of by the next generation, the future peace.
it did not include
DS
Separation
PRICE OF WHISKY.
LONDON, April 2nd: Food Controller has fixed the maximum Brices for whisky 30 deg. under proof at the quality with a proportionate reduction in the lower strengths. GERMANY RETAIN'S RUSSIAN to his family. He obeys the ordinance like to discuss with him. But the que
borrowing Turning to the present year, allowances, etc. The German Votes and 9/0 per bottle, according to the concern of ordinary citizens. In China! Sir Francis Piggott said: The prop
he
The Chancellor intimated that the expenditure would be £2.972,197,000, and the revenue, including additional taxa. tion, £849,050,000, leaving, £2,130,148,000, which would be covered by borrowing, The additional taxation he proposed. would be in, a full year equivalent to 66 per cent, of pre-war tax revenue. He had obtained a list of assets of the nation,
PRESS COMMENT.
LABOUR.
PEOPLE WANTING LEADERSHIP
for the year were £2,000,000,000, and the A year he the German balance sheet
man does not go beyond his village or has raised, is one of deepest interest, and daily expenditure was £6,980,000. If the reckoned on the same basis as ours, would
his workshop, and his interest is confined one which all who love the East would proposed arrangement with America was shown deficit of £5,000,000 on her effected the loans to the Allies would be national liabilities of £750,000,000
of the Government if it is harmless to his bion of federation is one of the most £300,000,000,
and to the
The German taxes are not being im Dominions
occupation; he exercises his right to dangerous and difficult problems of the 250,000,000 deposed upon the wealthier cnsact, on
Mr. Benar Law reminded the Hou whom the Government is afraid to put Germany's determination to retain thee has no notion that he himself, that problem, there is a more immediate AMSTERDAM, April 22nd. resolt if it is obnoxious or oppressive. East Before the time comes to dicuss how small the advances to the Dominions extra taxation,
Jabour of Russian prisoners-of-war as long together with his follow-countrymen, has question to be settled, viz. the war, in had been kept throughout the war, show Mr. Benar Law estimated that the as possible is reflected in the official state the power to determine what kinds of laws which China bas voluntarily borne her.
to conduet ing their great expenditure set the waiving & deficit of £119,000,000: The mediate return of Russian prisoners is im has pot, the faintest idea that, given two have come to the parting foncerned,
existing taxations yielded £10,000,000, ament to the German Press that the im and administration he should get, and he part. I think, so far as China is new taxes which he was proposing would possible. Their return can only proved vote, he should have a representative in because she has endured something which in & full your produce £114,000,000 very slowly, and must extend over the House of Parliament who should truly gives her a right to int at the Pence made no estimate. without reckoning a tax on which lie halong period, owing to the tax the war represent his interest. Conference, at which her future must be
nakes upon communications.
The Che Though they havo never! sarliest conflicts of the war took place decided. As you know, cne of the The statement finally refers to the possibility of prisoners preferring to had any direct share in government, are around Tsingtan. I do not know whether remain in Germany.
nevertheless the frost people in the English people realise what China world, and are the most zealots in keep went through ing their personal freedom intact neutrality was violated, and her terri
at that time. Her Richthofen is of opinion that there is no-tory invaded by both belligerents. She people in the world more immung than at her people suffered tortures of pride. recollect thut ten years ago when the dis the position was, but I mysdf have tried the Chinese from official interference. I Undoubtedly they hardly realised what tritt magistrate in my nativo torn began to put it before them, and, I believe, to reorganise the police force, he stopped they understand now that, so far as the all the pedlars wandering about on the Allies wero conocmed, the violation of pavements of the narrow streets. This Chinese neutrality was inevitable. This was taken by the townsfolk as a restrip gives her a right to a seat at the Peace tion on the freedom of trade, and a 1-Conference serious strike broke out. The consequence there, and, I believe, the Allies will treat She must be represented was that the reorganisation of the police her claims with courtesy and considera- force had to be suspended. tion. On one point
am unable to agree
LONDON, April ord. The most stupendous Budget 3
Lobbyists state there was something of grandeur in the aspect of the stouse bespeaking the nation's spirit and strength
This is reflected in the comments in the newspapers,
LONDON, April 2nd. Law stated that the Home Rule Bill In the House of Commons, Mr. Bonar would be introduced immediately, but he could not give the date,
AFFAIRS IN AMERICA.
RAW COTTON.
WASHINGTON, April 18th.
which were divisible into three categoriestory was received by the most placid | HOME RULE FOR IRELAND. firstly balances with our agents, riebts | House of Commons within living (not loans) due by our Allies, and food memory New taxes were greeted with stulls
bought,
£375,000,000 || Recondly, out a murmur, land, securitics, and building ships, £97,000,000 thirdly, stores and material of all kinds, £100,000,000, a total of £572,000,000. Furthermore, we could at the end of the war count upon the Excess Profits Tux producing an additional The total war revenue £500,000,000. raised to the end of last year was
The Duny Graphic says the proaperi- £1,044,000,000, and at the end of the tv of the country will enable it to face current year it would be £1,688,000,000 the now burdens without a grave dis A Bill fixing the price of raw cotton The financial strength of the country
location of industry
at twenty cents a pound during the war I hope I have indicated the difficulties with the lecturer, that, is the question of after five
The Daily Telegraph says: This is has been introduced in Congress It of China in her formation of public extra-territoriality. It would be a mis years was greater than anybody could have--
ve imagined, and it war tuxation with a vengeance, but, the empowers President Wilson to reduce or opinion and in her adoption of repre take for Chins to ask too much. If the constituted an amazing testimony to
to the
nation expected it, and realising that raise the price financial stability of ention the Budget represents a fresh cfort to the Coton NEW YORK, April 19th theen dificulties is, to my mind, hob for Lrate on a number of dificult problems, at his discretion.. sentative government. The solution of 19 wisely advised she will rather concen- The German
war taxation, if the cat retain by our present sacrifice finne exciting day. Bome Japanese support fare, in politics, in industry or in labour territorial question so acutely painful for The Cotton Exchange has had another to sick. In every phase of life, in war, and anomalies which make the extra- realised, amounted to an advantageous position in the values broke from 125 to 185 points under movement, leadership is essential to any her. I think all those problems can be £383,000,000, against ur £1,041,000,000 future, it will take up the burden in the heavy general selling and then rebounded organised action: China is now sadly in pat on a proper basis. China will re- Their taxation was insufficient to pay the knowledge that British credit is still un- interest on their debt. If we were in shaken.
from 66 to 80 points, but again slumped Germany's position, he certainly would Toe Morning Post says the new im-fixing the price After a rally of hity opinion, leaders in industry and leader much in a hurry without in the least. 100 points on the introduction of the Bill need of leaders-leaders in public member the treaties were drafted very think bankruptcy was not remote. Our posts will be borne most cheerfully by points induced by heavy covering the duty was to levy as much taxation as was the nation so long as it knows our re bearable without weakening our conduct.
in education. With a population of 400, knowing what the words meant. If the million eager and willing to work, and will try and get the question put on a with resources richer than any other satisfactory footing in all its relations, nation on the earth, she will undoubtedly legal and financial, I think the Powers become at one and the same time a first will have very little difficulty in agreeing if she were only properly equipped with her people had to go through during the cines industrial, cultural, military power with her and compensating her for what
mates
Were
Our
of the war. The Excess Fronte Tax would sources are used to the utmost to defeat market closed steady.
not be ricreased, because we could get not only Mail
THE SILVER BILLY
WASHINGTOS, April 22nd, The Government's Silver Bill
more from that source, and possibly less. The Daily Mail anys the Budget will He proposed to make postage on home be popular, but it does not go far enough. letters, also to America, India and the the heaviest taxes are placed on a ver passed the Senate, which inserted an leaders; we have every reason to hope siege of Tsingtao, and for the help they Dominions, threehalfpence and post cardsnall class, who will not complain. one penny, yielding £3,400,000 this year. The journal is confident that the fans amendment providing for the melting of He proposed to make the Stamp Duty on of the wage earners would not resent à 350,000,000 silver dollars, instead of the cheques twopence, yielding £700,000 this graduated tax on weekly wages.
250,000,000 originally provided. year, and £1,000,000 in a full year. In- The Daily Chronicle says it is a prac come-tax would be increased by one shill tical and workmanlike budget which ing making it 6/-; yielding £11,250,000 seems to justify Mr. Bonar Law's optim. this year. Incomes under £500 and Ser ism and our ultimate solvency vice
pay would voi be affected.
WEEKLY Regarding double income-tax within
* with which is incorporated was THE CHINA OVERLAND TRADE Heroes, Subscription, paid in advance, $15 per annum. Postage: 39 to any past of
the World.
THE SILVER - MARKET. WEEKLY REPORT.
report
that such lenders will be supplied by and are giving, and have given, during the recruited from the younger Chinese, who war. have received and are receiving modern Mr. George Jamieson said China had education in this and in many other an uphill taste before her. She had got countries. Before I conclude this part of to decide what her form of Government my address, I may perhaps be allowed to was to be. What was wanted was leader. say that the Republican form of govern ship. Out of every hundred people in LONDON, April 23rd
ment will stay. The theory of the Em Chias, Ainety-nine were indifferent to Messrs. Samuel, Montagu's
peror has gone, and the people, at least politics, and the remaining 1 per cent. yolving the stabilisation of silver, the ambitious man under the pretence of a lation in the United States possibly in longer tolerate the usurpation of any of the spoils of Government than to quotation there is at a high figure heavenly will. Until popular, education governing wisely. Unless they could pull The market hero has developed con is more extended, and more leaders have deal of trouble in store for the country. siderable firmnessme
together he was afraid there was a good” Shanghai exchange is somewhat inople to a standard required by a re- Mr Cheng replied briefly to the
been produced and tried to bring the proved, but the quotation still keeps presentative government, the ship of criticisms, and the proceedings terminat below silver parity,
State will be stored by the few.
Fed.
ciple of his predecessor. The extra shin stores confidence in our war finance, but states: Owing to the proposed legis the intelligerent section of it, will no were more anxious to secure their share:
The Daily News says the Budget's ap theplication of the screw on taxation re
largely increased. It is a wonderful testi the income tax could have been more mouy to the resources of the nation that we are still able to finance ourselves after financing the Allies for three years
The Times believes that the estimated revenue will prove to be considerably
Empire he proposed to s adopt the prin ing would not be charged when the double
equalled
8 Allowance respecting children would be extended From 3100 to £800. The super-tax maximum would be 4/6 instead of 3/6, and the exaction of the super-tax would begin at incomes of £2,500, instead of £3,000, Fielding £9,250,000.
within the Junrk.