HONG KONG DAILY PRESS
EXCHANGE RECOVERS
STOCK
HIGHER INCOME
CROSS-SECTION OF
TAX ENDORSED PRESS RE-ACTION
Improvement All Logical, Frigid, Round Reported Unimaginative...
London, April 27.
THE FIRST reaction to the sharp
CABLES
QUICKLY
LEAGUE OF NATIONS' SOCIETY
-
(Continued from Pare-8)
A special Committee, was ap: pointed and à plan of "assistance formulated, and a grant of 2 million Swiss francs was made to finance the scheme.
TH
increase in taxation provided INCREASED TAX Income tax increase, was the first is not being neglected, and an
in the Budget proved a short-lived blow to the Stock Exchange, where
a higher income tax, though,utter-
ON INCOMES,
generally PETROL AND TEASir John Simon has taken the
ly unexpected, is now admitted to be the soundest
course.
4
An all-round Improvement,
"three most unpopular taxes and ing undertaken. has subjected them to fiat in- creases to hit all classes of the
London, April 27. Depression, particularly at the
The world wide problem of cancer
reaction to the Budget.
Advisory Committee of experts are The Floancial News states: "The studying the radiological treat- |Budget is logical, frigiă. orthodox ment of cancer, as well as radium
and unimaginative.
treatment of cancer. Many other anches of rteurch work are be-
Taking into consideration there- fore all the League has accom- In the political, and taxable spots."
specially in the non-political London, April 26.
The Daily Herald accuses the spheres, the scales are now more Increase of the standard rate Chancellor of favouring the large evenly adjusted and we are in a
income tax by 6d. to 5/6d.taxpayers, and says the Budget is
better pastilon to answer the the pound and announcement the work of a man "clever in small question as to whether we should of purchases of wheat, whale oll things and lacking a statesman's continue to support the League. and sugar already made by the vision."
PRESENT WARS Government to ensure stocks dur-
The League tries to prevent
which followed shortly after the BRITAIN GUARDS
opening, was dus mostly to the AGAINST TROUBLE Population in the most tender and lahed
marking up of prices by jobbers when they saw that a feared dout of selling had not materialised.
Some brokers report a revival in Investments, buying being spread over most of the markets, while others as yet have had to content themselves with ariswering quiries from clients.
GOLD SHARES ATTRACT
111-
of
The News-Chronicle declares:
ing early months of emergency, "Better to face the grim realities wars: in some cases it has falled; were the two chief points of in-of our position than to seek tran in other cases. terest in the Budget statement by sient devices and delude ourselves | Wars have occurred and have been it has succeeded. Dealers are unanimous in stress-Sir John Simon, Chancellor of the that we can devote an increasing prevented from spreading to ad- ing the attraction of gold mining Exchequer, in a crowded House of proportion of the national re-jacent countries shares owing to the high yields of Commons today.
or the whole dividend payers unobtainable else-İ
without world, and in some cases the war where and the chances of
has been stopped altogether. taxable capital appreciation non-producers. -The steadiness
I
Jources to armaments The Chancellor, who spoke for an feeling the pinch."" 03-baar and 38 minutes, also announ- forced an increase of the petrol tax by
UNIMAGINATIVE
Now is it a reasonable solution 1d. to 9d per ralion and of duty
The Daily Mall
to say that because some wars have ads in the of gilt-edged on tea by 2d. per pound.
Budget no cause for complaint and
occurred that all efforts by the securities reflects not only the
Introducing his proposals for in-
declares that it indicates thethem from spreading if they do League to prevent wars, to keep sound budgetary finance, but also creased. taxation Sir John Simon nation's ability to pay for arma- the belief that the Government sald in his judgment extra re-ments. vitally interested in the main venue should be raised partly by tenance at glit-edged levels, as direct and partly by indirect taxa-the increase in the income tax According to the Daily Express: otherwise the new defence borrow-tion. A major contribution was a last-minute decision and it should come "from direct taxation. Suggests that it could and should
However, he accompanied the be revoked,
ing could not be placed.
Industrial preference shares are
at present considered to be the increase of the standard rate of The Daily Telegraph says "The least attractive.
nicome tax to 5/6d, in the pound Budget as a whole is
somewhat Olls are steady and the extra by concessions to industry and unimaginative in its austerity."
ceur, or to stop them altogether possible, should be abandoned. we should apply the same pri My answer to that can only be NO. ciples to wars as to res.
The League Covenant should be revised and strengthened, old and antiquated and ineffective measures should be discarded; new regula- { present needs, and to meet new tions should be drawn up to meet
tax is regarded as unlikely to to smaller income. The conces- Meeting the increases in the materially affect the petrol con sion would cover many important current estimates will not says conditions that were not present sumption of private motorista but basic trades giving a great deal of The Times. be a "popular solution," large users, for example of the employment. and it aimed
and solace in the increased wear and tear allowance on machinery.
when the League was formed.
IN
THURSDAY, APRIL 28, 1938. —PAGE 9
BRITISH
BRITISH
MALT,
HOPS,
THERE'S NO FAULT
ALLSOPP'S
BRITISH
ΤΟ THE
CORE
IT NEVER LOSES ITS "HEAD"
SOLE AGENTS:
CALOBECK, MACGREGOR & CO., LTD.
SURPRISE ATTACK
BY CHINESE
- MOBILE UNITS
Peiping. Aprü 27. Over 40 Japanese were killed
tion were captured as a result of considerable quantity of ammuni- and three machine-guns and a
a surprise attack by Chinese mobile units at a Japanese outpost at Lakonchiao, the powder maga-
conflict. zine of the present Sino-Japanese
The raid was carried out at il p.m. and after ighting for AR hour the Japanese guards at the
immediately dispatched
from Fengtal and on their arrival at the spot the Chinese guerillas had all vanished.
at but at least it may claim the virtue This is not an easy task, but it outpost were entirely wiped out. :⠀⠀ London Transport Co.. may be hit. avoiding any decrease of indus- of courage-(Reuter).
Industrials. particularly heavies. trial-development."
not an impossible task if it has the Japanese reinforcements were whole-hearted support of all peo- ple in every nation who love peace and desire to prevent war.
Weak as the League may appear proportion of the world than any other human Institution.
EFFECT ON STERLING
NO INCREASE FOR SMALL PAYERS The concession to the small Foreign exchange brokers can-individual payers would have the not see the Budget exercising an effect that there would be no in- immediate effect.
crease of tax on earned income It is pointed out that while in-jin the case of a single person up creased taxation normally tends to £290 per annum, or in the case to produce a flight of capital, this of married man with one child
is unlikely under present condi- up to £400 per annum, or with
children up to £540
tions as the bulk of foreign money two In London is not here In annum
an earning capacity but merely for. safekeeping.
From the
that the sterling is now vulnerable year. in the event of favourable de-
"
per
increase in
income
The Increase in petrol tax, and velopments in France and the the tax on heavy oils, would yield United States,
£5,350,000 in the current year- (British Wireless).
ATTLEE'S CHARGE
TEA IN GOOD DEMAND The Arst tea sales after the pre- sentation of the Budget today saw
comparing favourably with yester- day and Monday.
REVENGE FOR
MURDER OF HER today it speaks for a much larger GRANDFATHER
Canton, April 27,
REFORM UNDER WAY Already reform is under way.
21
Meanwhile Chinese guerilias scattered in ambush along the two banks of the Yungting River and were very active during the
thrilled by the news of the bravery damental and inherent weakness son there.(International).
The Canton populace was today Many today believe that the fun- uneasiness to the Japanese garri- past few days rendering great
of a 19-year-old Chinese girl who of the League Covenant was that killed herself after slaying single-by an unfortunate mischance it
the
THE
HONG KONG
PENINSULA HOTEL;}
HONGKONG HOTEL: REPULSE BAY HOTELS
SHANGHAL
ASTOR HOUSE; PALACE HOTEL;
HOTELS
LIMITED.
In association with the Grand Hotel des Wagons Lits, Peking.
Increase In Fleet Pay
SPECIAL SERVICE
RATINGS
(BY AIR MAIL).
London, April 16.
INTERNATIONAL |HOCKEY TOURNEY
The following is the revlend draw for the local International · Hockey Tournament:
TODAY
England (Whites) v. Fortugal (Colours),
(Club ground, 5.30 pm.). TOMORROW
Scotland (Whites) v. India (Co-
lourz).
After pointing out that the in- naw in for a series of unbalanced Japanese found this out. ther/submitted to Governments a plan petition. During the year, however, continuous service rated The men 8d; leading seaman,
$ime.
budgets.
2
W
on
seaman,
after 108.
.
tax he expected £22.259.000 this handed Ave Japanese soldiers and was combined with and grafted to extent influenced directly through On the other hand some belleve Year. and £20,500,000 in the full Wounding several others on Hopao the Peace Treaty of Versailles, and i the infux of refugees from Shang- ; miralty Fleet
Details
ARS - KANDUNced in Ad- Island, of the Changshan coast. It was that fact that lost it the hai and elsewhere and indirectly today, of the increases in pay of Orders, published on April 23 in revenge for the
support of America, and brought by various efforts that were made special service ratings those who
(Club ground, 5.30 pm). murder of her grandfather.
Weather permitting these mat- the League mach of the odium to relieve the suffering caused by enter for seven years in the Fleet ches to he played on the final The old man and his five sons were which attached to the carrying out the Sino-Japanese condict. fishermen prior to the Japanese of the Peace Treaties. That being
instead of the normal twelve-will be held next Bunday a occupation of the island. After
Occupation in these activities promised when the Navy Estimates ground yet to Be nominated On behalf of the Opposition, Mr. the Japanese landed on the island, recognized the League has been has prevented certain projects of were introduced. good demand in all grades, prices Clement Attlee (Lab.), said there the five sons. Joined the volunteer the application of the principles | notably the proposed Poster Com-effect from May 1, 1938, their rates three years' man's service. 36. 4d:
going on with its work relating to the Society being carried out. It has been decided that with was no attempt to have a balan-corps which made several attacks ced Budget, and the country was
the Japanese. When
of the Covenant, and has already petition and the Prize Essay Com-of pay shall be assimilated to the after six years' man's service, 3s. arrested the old man and shot for the separation of the Covenant it has been possible to continue on both types of engagement are signalman
48. 4d; creased duly reduces the Dre- Sir Archibald Sinclair, leader of him in cold blood.
from the Peace Treaties. That is correspondences between children employed
and telegraphist,: 35. ference on Empire icas Over the Liberals, expressed gratifica-
a mighty reform, and others will in Hong Kong and Disguising herself as a beggar
substantially the 3d after three years' man's ser- foreign to 25 per cent traders tion that some effective steps had woman, and armed with several
undoubtedly follow.
children in same work.
vice, 3s. 74. after six years' man's assert that the additional impost been taken to deal with the pro-band-grenades and a dagger, the bers of this Society to see the
It is our bounden duty as mem the world.
Europe, America and other parts of The new rates payable include service, 38. ild leading signal- has come at a 'mast inopportune blem of food storage.Reuter).
gir!
an extra 6d. a day, and are as fol-man and leading telegraphist, 45. approached the Japanese
Public meetings have Teth heldĮlows:-Able barracks about 6 p.zi. on April 23. League through as a going concern,
38. from time to time during the year. Lurking outside the barracks, she for once abandoned, such a struc-
During the summer hostilities soon saw a party of more than ture as the League may not be re-
broke out in China and the world 10 Japanese soldiers coming out. built in a century. Hurling the hand-grenades, she' Let us give the ploneers, those
was horrihed by the bombing of instantly killed Ave Japanese and who are striving for the peace of
towns which then took place. The wounded several others.
the world, through the League, a
matter was dealt with by the The explosions aroused the at- rousing cheer and encourage them Drafting Committee of the Com- tention of the Japanese inside the to nobler efforts till their task is
mittee of Thirteen of the League barracks who rushed out to see completed.
of Nations, which published cer- what had happened. Lest she We can do that by having a
Lain Andings; and it was felt by should fall into the hands of the strong. healthy. and
the Council of the Society that enemy, she committed suicide by branch here in Hong Kong. Let members of the Society and others Shanghai, Apri 27.
stabbing herself with the dagger. us have more members, let us keep would wish to have an opportunity Seizure of a British steamer by The Japanese threw her corpse the high ideals of the League in expressing the horror with the Japanese army at the mouth into the sea but was picked up the minds of the general public, which they regarded the armed in- In a friendly table tennis match of the Yangtze last night was the next morning by a neighbour let us not shrink from dificulties vasion of China and all that ac- played in the West Lounge last revealed this morning.
and buried on the island. (Cen-but face them courageously, hope-companied 15, night the Incognitos defeated the
fully, and do cur bit to establish
A meeting The vessel concerned was thetral News).
was therefore or- European Y.M.C.A. by four games Jardine-owned Tungwo, & Yang-
peace and good will between and
ganised by the Society, and at this to two,
taze River steamer of '1,337 tons.
Amongst all nations.
meeting, on November 4, a resolu. Scores:-
tion was passed and which is now held at Tsungming
afterwards You've always longed forwarded, to the General Secre- tary of the International Feders for really hot water on tion of League of Nations Societies tap. Now you can' cote: President: Dr. J. H. Montciety had the privilege of hearing you can easily afford. Prior to this meeting, the Bhave it at a price gomery,
a atirring address by Dr. Stanley One of our new gas water heaters (we
In this connection it is stressed that the signatories to the Inter- national Tea Regulation scheme are mostly high-grade producers and consequently non-member. count: les stand to beneft by dumping larger quantities of low grades on the United Kingdom market, the demand for which is expected to expand.-(Reuter).
TABLE TENNIS MATCH
JARDINE SHIP SEIZED BY JAPANESE
ORDERED TO BE RELEASED
R. T. Smith (Y) beat Azedo 21-17, island, release of the ship having -18-21, 21-15; J. Anderson (7) lost been refused:
to Remedios 12-21, 21-19, 12-21; W.
21-18, 13-31; W. J. Ashton' (Y) best
#'
NEW YACHT CLUBHOUSE
"The Japanese allege that action The Royal Hong Kong Yacht
Lampard (2) lost to Castro 16-31, was taken as the result of the Club are holding their closing Rosario 21-17, 11-21, 21-19; Sweet-firing of a shot from the Tungwo, cruise over the week-end, a pro- man (Y) lost to Barretto 18-21 and announce detention of the gramme of seven events which are 21-18, 18-21; B, Ashford (Y)-lost to ship indefinitely. Herson 21-19; 10-21, 17-21. ···
It is suggested locally that the Japanese allegation that a men- the Tungwo ber of the crew' TODAY'S HOCKEY fred a shot at the Japanese may have arisen from the fact that the
INTERNATIONAL-
| Tungwo passed unintentionally in- The following have been chosen to the line of fire between Japanese
Lo represent England in an As-unita and Chinese irregulars. sociation International hockey
** SHIP RELEASED
sub-divided into mine races to be held on Saturday and Sunday. -
At 1 p.m. on Sunday Mrs. A. L. Shields will open the Middle island Clubhouse.
vigorous
OFFICERS ELECTED The following officers were elect- ed for the ensuing year;--
Patron: EL E. Sir Geoffry North-
of
IT'S EASY FOR A CHAP TO KEEP CLEAN WITH THIS NEW
GAS WATER HEATER
ASK ABOUT
Our Special EASY TERMS
Vice Presidenta:-Chev. J. M. Jones on October 18. Alves, Rev. K. Mackenzie Dow, Hon. The membership of the society have many sizes in stock) is just the Dr. R. H. Kotewall, Dr. S. W. Te'o; has fallen somewhat during the thing for your family. Gas water heaters Hon, Secretary: Mrs. Sando; Bon the year due to the deliberate ac- are automatic- Treasurer: Mr. B. V. Boxer: Hon. tion of the Council to determine reliable. Gas is the cheapest way of getting hot water on
simple-economical — Auditor: Mr. W. N. Thomas Tam who were actually desirous of
Executive Committee: Hon. continuing membership. The num- tap, without waiting, without work, without dirt. Becretary. Hon. Treasurer, Miss Nber of members stands at about a visit W. Bascome; Mr. Himsworth, Mr100, but this number with reason- George She, Dr. K. B. Uttley.
* SECRETARY'S REPORT
responsible inquiry into the Japanese allegation that a Chinese
able co-operation on the part of member of the Tungwo's crew. match against Portugual on the The Japanese Army authorities fired upon Japanese troops and
members can easily be increased The Secretary's report for the during the year ahead of ts, Club ground today at 5.20 p.m.. have ordered the release of the also asked that foreign ships re- year 1937 was, in part, as follows: In conclusion
Dobson: Etickley and Grogan: Tungwo following negotiations be-frain from approaching. Haimen
the Secretary The political situation in the Farwould wish to thank all who have Wetton, Brown and Quest; 8. &tween the British and Japanese Laland, near Tsungming Island, East was extremely tense during Helped the Society in various ways, Fowler, G Fowler, Divett, Dunne Consuls-General."
in view of the Japanese army's the latter part of the year under including especially Miss Dexter The Japanese authorities re- "mopping-up" operations-Reu- review, and, the ordinary routine and Mrs. Bando who have quested the Britian to conduct a ter).
of Hong Kong has been to some as Assistant Secretaries,
and V. Bond. Reserve, Taylor England will play in white!
today.
Pay The Hong Kong & China Gas Co., Ltd.,
SHOWROOMS
Gloucester Building Phone No. 24704
246, Nathan Road, Phone No. 57341.