1887 GOLDEN JUBILEE YEAR 1937
The
First President
(1897-1891)
Ft. Honourable Sir Jatt A. Månedanci ?
The first President of the Manufacturers Life Insurance Company was the Right Honourable Sir John A. Macdonald, the first Prime Minister öf the Dominion of Canada.
Fifty years have passed since Sir John was elected to the presidency of this company. In those fifty years there bas been a tremendous expansion in life insurance as an unsurpassed means of pro- tection and thrift. The Manufacturers Life takes pride in the part it has played in the growth of life insurance in Canada and throughout the world.
Established 1837
THE
MANUFACTURERS Life
INSURANCE COMPANY
HEAD OFFICE,
THE*%
TORONTO, CANADA'
ANUFACTURERS IFE
INSURANCE COMPANY
HEAD
OFFICE TORONTO CANADA,
SHELL HOUSE HONGKONG/TEL?20601 E.RMITCHELL MANAGERS
CHIEF OFFICE FOR SOUTH CHINA Shell House-Hong Kong Tel. 20801
E. J. K. MITCHELL BRANCH MANAGER AUTING MANAGER, W. SHARP
CANTON OFFICE: R. K. BATCHELOR-DISTRICT MANAGER 11, Triping Rand, Canton. Tel 1557% SWATOW Gral Agents: Mennen. Cari Hammer & Non Lid. Special Representative: CW, Thomo. MACAO P. J. Noronha,
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HONG KONG DAILY PRESS. THURSDAY, MAY 20, 1937.
COMMONS AND BUDGET
Criticism Of New Tax
MR. CHAMBERLAIN'S REPLY
Cost Of defence
The feature of the resumed de- bate on the Budget in the House of Commons was the desire on all sides for more light on the details of the proposed National Defence Contribution.
Mr. Alexander claimed that La- bour pressure had produced the
to cffort
check Government's pronteering In armaments, al- though
were not the Opposition sure that the plan would succeed The remainder of "his speech was an attack on the whole series or the Chamberlain Budgets, which, In his view, had not been really balanced, since they falled to re- duce national debt effectually. The Chancellor of the Exchequer had used up the ordinary resources of peace, and was left without ri serves for rearmament. The only proposals which met with unquali-
tax evasion
"DOUBLE TAXATION"
Coronation Celebrations
In Swatow
(From Our Own Correspondent?
The Coronation of Their Majes- ties King George VI and Queen Elizabeth has come and gone, but, the great spirit and enthusiasm In which the celebrations were carried out in this distant part of the world, where the British, communi- ity is so comparatively small, will long remain in memory.
FLAG CEREMONY
The celebrations started with the flag raising ceremony at the British Consulate. This was followed hy the planting of a commemoration tree, also in the Consulate grounds, by the British children.
CHURCH SERVICE
A very impressive Commemora- tion Service was held at the Kak- chioh Church at 10.30 am. High Chinese officials were present, like- wise, members of the Consular Body and numerous other foreign nationals and Chinese friends.
SHIPS DRESSED.
All the ships in the harbour were. "dressed" that day. Including the Custom House flag staf-a thing very seldom seen here.
THE GYMKHANA
In the afternoon the gymkhana was held. There was such a variety of races and each race was keenly contested. Tea was served in the open air and the occasion Wis blessed with ideal weather. Every child received a present after Mrs. S. Wyatt-Smith (the wife of the British Consul) had presented prizes, to the successful winners.
BUFFET AND CONCERT On the night of the 11th, Mr. and Mrs. Wyatt-Smith gave a buffet- dinner party and their hospitality was enjoyed by a large number of. people.
д
Shortly after 9 the entire party: The service was conducted by repaired to the Swatow Club to at- the Rev. H F. Wallace, and Miss tend Concert given by Richards was at the organ. They Decoy's company. After the Con- bad" especially come from Chao-cert dancing was Indulged in, and chowiu for the occasion, being at-continued till à late hou. tached to the EP. Mission there....
THE RECEPTION
A brilliant reception was after-
fied approval were those to checkwards held at the Swatow Club and was attended by people of all nationalities. By noon. the club house was filled to capacity; all the available British launches were used to convey the guests across the harbour.
Mr. Clement Davies followed with a long and elaborated attack upon the National Defence Con- tribution. He described it's dou- ble taxation, to be levied upon se- lected trades, companies, and in dustries; it would penalize those who had falled to make profits during the slump years, while those who had been enough to
make profits would escape. Mr. Chamberlain said in effect to the unfortunate, "Dare to do better at your peril." Why should trade be upset just when it was reviving and when the in- come-tax presented a means of spreading" the financial burden
fortunate.
When the assembly had gather- ed the British Consul made a
COCKTAIL PARTY
A very lively atmosphere pre- Valled on board the Decoy on
Thursday evening when Comman-
der Robertson and Officers gave a cocktail parts to British residents.
The Committee of the Corona- tion Celebrations are to be cou gratulated fo: having so arduously and successfully carried out the Their efforts have
programme.
that everything without a hitch.
went
through
speech and toasted to Their Majes-been untiring and it was gratifying tles the King and Queen. In a few well chosen words he said he was grateful to see representatives of the Chinese Government and Chi- nese friends present at the Recep- tion, as well as members of the other communities.
GIRL STUDENTS
evenly and equitably? Even within FORBIDDEN ·
the framework of the new tax it- self there was unfair discrimina- tion
trader Why should... the whose profits did not exceed £2,000) enjoy exemption? Companies
TO CURL HAIR
i
which had reduced their capital Peiping School Issues
Proclamation
would find the reduction turned against them, and there was dis- crimination against the ordinary and in favour of the preference
The authorities of the Yi Chiao shareholders, Enormous cost would Middle School, Pelping, have issued be involved in checking the valua-a
proclamation forbidding tions, and the already hard-worked students to curl their hair. Inland Revenue Department would. The be further burdened.
thel
that
proclamation says while in school the students should Mr. R. C. Morrison, speaking devote their full attention to their from the Labour. back benches, studies Instead of occuping their brought light reller into the debate minds as to how to improve their
by quoting ironically a collection personal appearance. The prac- of apithets which had been hurled tice of hair curling by young girls by certain sections of the Press at is particularly condemned" by the Mr. Chamberlain's proposal Is authorities.
A word of thanks must be ex- tended to the Chief of Police for taking precautions to maintain order at Kakchich Bund during the
celebrations en Coronation Day.
KING RECEIVES
HIS BATON
Field Marshals At Ceremony
The King spent a busy morning at Buckingham Palace on May 4, states the "Daily Telegraph”.
Wearing the scarlet uniform of Colonel-in-Chief of the Grenadier Guards, he presented to the King's Company of the Grenadiers their new King's Colour,
Later, he received his Field- baton from Field-
Marshal's
Marshal Sir William Birdwood and afterwards received the four In- dan orderly officers for Corona-
tion year..
The ceremonies, which took place on the lawns of the Palace, own objection to the tax was that The order further saya that
were watched by the Queen, Queen it would allow the holders of for those who have curled their hair
Princess Mary.
Elizabeth and eign stock to escape. Certain com- | should register with the proctor
Princess Margaret Rose. Mr. Duff panies would find a means of immediately and that if after re- evasion by transferring their registration a student is found indul-Cooper Minister for War, gistration abroad.
ging in the practice again she will also present.
Drawn up on the lawns were 100 be severely punished.
men of the King's Company, each of them over, six feet tall, with their captain, subaltern and en-
Was
had put the burden on the shoul-sign. The Colour presented is a ders of those least able to bear it. big square of crimson silk em-
broldered with the Royal cypher and crown.
PLEA FOR ELASTICITY
SUSPENDED JUDGMENT Sir Arthur Salter, in a maiden speech, welcomed the main fea- tures of the Budget, and was will ing to suspend judgment on the National Defence Contribution un- til its adjustments had been work- ed out and I had been seen la
He was grateful to those mem- practice. If the tax fell upon
bers in all parts of the House who prin- armament industries alone no one approved his proposals int was likely to abject, but it would ciple, although they did not agree affect all industries, and might re- with details. The proposed Con- sult in some cases in serious hard-tribution was not a peralization of ship and discourage desirable acti- profiteers, and it was not directed vities in the depressed areas and solely against armament firms. He elsewhere, He closed with an did not believe that there was any earnest appeal for an effort to re- considerable amount of profiteer-
establish international trade.
ing among the main contractors.
Mr. Chamberlain replied that he A great number of arms were do- knew perfectly well that in springing far better than they were, and, ing the surprise of the National since a large sum had to be found Defence Contribution he was within a short time, it was right to bound to come in for the strongest ask them to make a contribution. disadvantage of Budget criticism. The sum proposed for The this year was reduced to £2,000,- secrecy was that it was impossible 000 only because of the fact that a to make soundings beforehand. sum at £80,000,000 was to be bor-and he had to trust to having op rowed. It would have been very portunities, after the broad scheme easy for him to avold a bornet's was introduced, to consider various nest and to have balanced his questions afterwards. It would not Budget without any controversy: be wise for him to pledge himself Only an overwhelming sense that at that stage to specific answers It was necessary to look beyond to particular questions, and he this year and try to make the asked that he should be allowed country realize that we could not elasticity.
SYMBOL OF HONQUE Addressing them the King said: "It gives me great pleasure to the new Colour to my present Company, and so to carry on the custom initiated by King Charles II. in 1881, and followed by almost
all his successors on the throne.
"During those 300 years, the tle between the Bovereign and the King's Company has grown ever closer, and I ain proud that it falls to me to give you your new Colour on my accession.
"You must always remember that your Colour la for you the symbol of honour, to be kept unsullied in peace no less than in war. The King's Company is on. the right of the line of British infantry. high example is expected of you, and in conndence that you will not be found want ing I commit the new Colour to your charge.".
A
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DELBOS LITVINOFF CONVERSATIONS
stability and peace. Both coun- tries, so the statement continued, Intend to remain loyal to the principle of indivisibility of peace as well as to the Franco-Russian Poct.
The baton, a gold staff covered with crinison velvet ornamented with golden lions, and surmounted put the cost of rearmament on to He could not agre that the by figures of St. George and the posterity led him to make his pro- conditions to-day were comparable Dragon, bears. the inscription: with those in the War, since there "His Majesty King George the posals.
12th De- He hoped some means, would be was now the play of competition Sixth, Field-Marshal. found to put an end to the arma- As. to firms which had not done cember, 1936."
Six other Feld-Marrhals of the menta race, but we must be pre- well in the years of depression, pared to take measures to prevent Mr. Chamberlain pointed out that British Amy-Sir Claud Jacob,
An official communique was Cavan, ourselves being defenceless in an the charge would be upon the Lord Milne, the Earl of armed world. We were in a better growth of profits There were cases Bir Philip Chetwode, Bir Archi-lasted here on the outcome of the position to make that provision in which growth of profit had been bald Montgomery - Massingberd, conversations held between M off showed particular interest in than we were a few years ago. relatively small, and that question and Sir Cyril Deverell were pre Would it be fair to put the burden would call for careful considera- sent. on small income-tax payers where tion. The proposal which he had there were others making profits submitted was not penal, nor was
Parla, May 18.
It is stated here that M. Litvin-
Delbos and M. Litvino In it French policy regarding the Danu both ministers express their bian Basin. Later in the after- satisfaction at the development noon, M. Litvinoff was received by in Franco-Russian relations, President Lebrun, with whom he
had a lengthy conversation. Fransocean Nevr Bervice;
that they could not share? Het unjust or inequitable. He asked and to await the Finance Bill for which, it is affirmed by both Ministers, is a strong factor to would have been condemned if he the House to accept it in outline the details.