PAGE 2-HONGKONG DAILY PRESS
"Income Tax In Hongkong." | LEAGUE TENNIS The Hon. Mr. Sidney Caine Hongkong CC. Beat
Addresses Rotary
Meeting
K.I.T.C.
In "B" Division. League tennis match yesterday the Hodgking Cricket Club defeated the Kowloon Indian Tennis Club by six peta to three on their own courts.
(HACC) · lost to Hussain and
SPORTS & GENERAL
H.K.
"WEDNESDAY, AUGUST 2
1939.
Rifle Association Annual Meeting: Healthy Financial Position
:ཟླ
slight curtailment of the pro- to whom the Association owes a gramime and the postponement very deep debt of gratitude for of the Final of H. The Gover- all his work nor's Prize. This event together Spoon and Practice Shoots pleted in fine weather on Sunday ronised and the introduction of with Club Team shoots was com- These continued to be well pat May 14, when His Excellency honoecasional Long Range oured the Association with bls proved to be very popular. presence on the Ranges and dis-
Gun Club Section--This section
shoots
Presiding at the annual meeting of the Hongkong Rifle Association, held at the Jacobean Room of the Hongkong Rotarians had an unusual subject for
Hongkong Hotel, yesterday evening, the President, their weekly luncheon in the Roof Garden of the Hong-
Major R. D. Walker, M.C., remarked that the Club for kong Hotel yesterday, when the Hon. Mr. Sidney
Capt. A, B. Whatman and J..J. the first time in its history showed a healthy balance. Caine, Financial Secretary, talked to them on “Income
Ferguson (HEC.C.) lost to 8.. A. Tax in Hongkong.” Mr. Calne dealt with his subject...
Mr. J. Hargreaves, Hon.dation should be from June 1 to tributed the prizes at the con- continued to be ably run by Capt. and S. & Hussain 4-6, beast - P in detail, taking it from the two main angles of how Khan and A. Rahmin 6-4, beat M. Treasurer, endorsed this re-May 31 instead of from January clusion the ordinary man would be affected if income tax were A. Khan and A. R. man. 6-5.
mark and said that, the cash 1 to December, 31, and that the The entries showed a marked popular at the Prize Meeting.
W. C. Newton and was particularly imposed here, and the difficulties of enforcing and col-
B. O'M, Deane and W. H. Jowitt in hand at the conclusion of period January to May 31, 1988 increase on previous years, pos- leeting_the_tax against dishonesty and legal loopholes.
the Club year showed
count as a Financial Year. By sibly due to the institution of a D
Annual Dinner-A very success- this amendment of the rules the Major R. D. Walker, M.C., and our larger public companies min 6-4, beat Khan una Aman 6-1. small income of $50 the year shooting year. was in the Chair, and in-would and it hard to defraud the
T. J. Could and T. C. Monaghan previous. The loss. through
rite. Team enteles also showed members was held on Friday April troduced two new members of revenue. even 1. perish" the
(RKC.C) drew with Hussain and trophies, was only about $300,
an increase. Daily entries of neces-121 in the Feninsula Hotel. Their It was with the greatest regret sity showed a decrease owing to
Excellencies the Governor and the the Club, Messrs. H. Tsai and thought, they were capable of at- Hussein 6-6, drew with Khan and as compared with $1,100 last that the Association had to say the cartalment of competitions G. O. C. were among the guests. J. Van der Laan. Guests pre-tempting it.
Rahmin, 6-6, beat Khan ang Azan
good-bye to Major Murray at the on account of the weather..
Finances The Balance Sheet for sent were:-Hon. Mr. V. J. The salaries of employees, -8-3.
close of the shooting. year. Ells
the year 13 most "sabläfactory. Carrie, Hon. Mr. H. R. Butters, cluding of course all Government
Among those present were cheery personality and capacity
showing servants, would be checked by re- The "B" Division League Tennis Brigadier A. B. Thomson, Major R. for
profit, considerably Col. Rose, Dr. J. M. Yang, turna from employers who would Match between Kowloon Cricket Robertson, Major A. G. Syme, Major much missed by all.
Kard work will be very
higher than last year. The op Director of the General In-not generally understate them, Club. "A" and South China Athle-S. EH. White. Captain W. Calways a tower of strength to He was
portunity has been taken to de- come Tax `Administration of
since the returns would be check-tie Association, which was to have Newton, Captain F. Sale. (Hon. the Association
preciate Clubhouse by 10 per cent. the Chinese Government,
and most ably ed up against the employer's own been played yesterday at KCC., Secretary), Lieut. A. J. Le Seelleur carried on the splendid work of
jor its value. It is particularly Messrs. L. B. Holmes, J. Rais-
satisfactory to note that the beavy was postponed to Tuesday.
(Acting Hon. Secretary) and others. his predecessor. ton, T. J. Houston, 'W. H.
{expenditure on Spoon Shoots has Election of officers for the en- Chen, H. G. Wallington and
been considerably reduced. guing year resulted as follows:--- Lo Hung-nien.
Acknowledgement-The President-Major R. D. Walker; Vice-Presidents Brig ♬ 1 W. Rete, Brigadier A. B. Thomson, COL A G. Neville, Cal G. C. Gowland and Mr. E I. Wynne- Hon. Secretary-Capt. F Sale: Hon. Treasurer-Mr. J. Har-
Hussain 1-6, beat Khan and Rah- balance of $1,700, against almancial Fear coincides with the separate class for the 9. R. (a) [ful dinner, attended by some·160-
44
accounts.
INVESTMENTS ABROAD
The other large class of income evasion
In which considerable
might take place is income from investment abroad. Here again methods developed on the
•
year.
MİR: CAINE'S ADDRESS
LADIES GOLF IN HONGKONG Mr. Caine said, in part:----
The following are the results of My subject is "Income Tax in perience of other administrations the July competitions of the Ladies Jones.
ex- Hongkong." That might mean "Ought we to have Income Tax would be helpful but might not Section of the Hongkong Golf
cover the whole field."
Undoubtedly the close inter- connection and frequent com- "munication which normally link Hongkong with South China would impose unusual difficulties in this particular, sphere.
THE BUSINESS VIEWPOINT
or "Are we going to have Income Tax?" I am not going to at tempt to take the answers to either of these questions any fur- ther than the recerit Committee on Taxation, which expressed its be- lief in income tax as the best and most equitable of taxes if it could be successfully administered, and. from whose Report you may all. make your own guesses about the I come now to the second main likelihood of its imposition. I am question. would business be not going to tell you what ideas. frightened away? There is a class If any Goverriment has on the of action which is known aS subject.
"avoidance" of tax, in contradis The question I do propose to trytinction to "evasion," and which and deal with, from the point of consists of perfectly legal action view of a private individual who causing the transfer of the income has been both a payer of income outside the scope of the taxing tax and a member of the Inland authority. Revenue Department at Home. may be put as: "what would it be like If we did have income tax in Hongkong?"
it
19
I want firstly to consider how the ordinary man might be affected, if an Income Tax existed here and secondly to pose a number of questions about the practical difficulties and consequences of its Im- position. I may put forward some ideas as material for answering those questions but shall try to avoid giving any categorical 1715wers.
APPARENT EFFECTS
।।
}
Club,
Captain's Cup:-Mrs. W. N. A. Smalley 92-19—73.
Happy Valley Medal, or “July 25:
greaves.
Annual Report
||
It is most satisfactory to record that in spite of the appalling conditions the score qualifying for last place in the Governor's twenty was 5 points higher than last year. His Excellency's Prize of $250 and an autographed portrait were won by P. O. Swan of the Royal Naval Range Staff, Stonecutter.
Asso- otation acknowledges with grate- thanks the additional cups
Membership: The Individual membership on May 31, 1939, stood at 528. Although this shows a decrease, it is satisfactory to know that all these are genuine members The thanks of the Association that have been presented this interested in shooting.
are due to the General Oficer year and also the help accorded by per- the Local Fress" in giving publicity The number of Amated Clubs Commanding for allowing
sonnel of the Services to assist into its activities. It is further in-. [stood at thirteen.
the running of the Meeting debted to all those organisations which they so nobly did under very and Arms which have helped Įtrying conditions.
by advertising in the "Year Book"
Annual Prize Meeting The Annual Prize Meeting was
held on the Army Ranges, Kow- Captain EHB Neill, The Sea.or in any other way. The annual report of the Asso-loon from April 13 to 17. With forth Highlanders, was once again 9 Holes:Mrs. H. B. Rose 44-15-clation for the year January 1 to this meeting was incorporated the in charge of the Statistical side. May 31, 1938, which was adopted. Services Meeting thus making a reads in part, na follows:-
saving in expenses and time.
20.
Other good scores: Mrs. W, N. A. Smalley 44-9-35; Mrs. W. S Hilller 42-6-36; Mrs, E. Tuck 32- 16-38; Mrs I Shewan 43-6-37.
Deep Water Bay Medal Pool, 9 Holes:-Miss M. Glendinning 37- Mrs. Lindsell 35-7-2; MIS. J. A. 11-26; Mrs. Court #1-14-27;
Selby 39-11-28; Mrs. R. C. Stewart 35-7---28.
Glover Cup. Happy Valley: Winner:-Mrs. J. A. R. Belby. Runner-up Mrs. Lissaman.
H.K. GOLF CLUB
The primary purpose of this talk was to draw attention to the problems involved and to show that the question of introducing The following is the result of income tax is, not one to which the Hongkong Golf Club's Stable- one can answer "Yes" or "No"" on ford Competition, played on the the spur of the moment. In the Fanling Old Course, on July 29 short time available I hope I have and 30:.
succeeded in proving that is a D. Humphreys and Lt. J. W. Lin.. complicated matter. I hope that ton tie with nett 34.
I have not also proved it be a very dull one.
19
Sir Henry: Pollock Thanking the speaker, the Hon. Sir Henry Pollock, Senior... Un- oficial member on the Legisla- tive Council, said:"I must con-
To the ordinary man the most fess that I was very much embar-
Sporting
Fixtures
TO-DAY
minton. 8 p.m.
apparent effects of an Income Tax rassed when I was asked to give BADMINTON-Cathedral Hall Bad- would be that he would be re-thanks in regard to any proposal quired to pay a certain amount of to impose income tax in Hong- cash to the Government and that kong, I was very much relieved SWIMMING. Combined Small he would also have to go through when the speaker in the course the disagreeable process of re of his very able address-pointed | ceiving and filling a lot of out the dificulties there might be forms. As to the payment, the in enforcing income tax in Hong- amounts would not be so great as kong." (Laughter).
not in
some people seem to have thought As far as he was concerned, Sir judging by press reports when the Henty went on, he was report of the Taxation Committee favour of income tax, and at the was published. An income tax at moment he did not see any neces-
a certain standard rate, whether dty for it.
it is 5/8d, in the £ or 10% or
4
5%, does not mean that everybody | "I should like on your behalf, is going to pay 5/6d. In the £ or as well as my own, to thank Mr. 10%, as the ease may be, of his Calne for the very able way. In total income. An income tax here which he has discussed all the would no doubt be modelled an the system in the United Kingdom and in other parts of the Empire.
TWO MAIN QUERIES
I turn now to the more diffenit and controversial points. I pro¦ pose to concentrate on two main queries, each with a lot of side- issues; could "the Government catch all the income which ought to pay tax? and would the tox drive business, industry, etc, away. from the Colony?
..
The answer to the first re- quires an analysis of the various forms of income which would be taxable. I would divide those Into income from real property in the Colony, income from the profits of public companies operating in the Colony, income, from sala- ries drawn by employees, In- come from the profits private, business of all kinds, and income from property, in- vestments, etc. outside Colony.
of
the
different pros and cons in con- nection with the matter. I can- not agree with him that his ad- dress has been dull; We might look upon a subject on income tax
disagreeable or annoying, but hardly applicable."
dull 13 (Laughter and applause),
Portrait Of R.L.S. On A Stamp
NEW SAMOAN ISSUES
Units Swimming Gala, T.M.C.A. 7 D.M.
TENNIS.-K.C.C.
Championships; Court No. 1-D. J. N. Anderson v. A. V. White (Senior Champion- ship); Court No. 2-A. Crawford v. J. R. Turner (Senior, Champion- ship); Court No. 2—A. Crawford v. 8. A. Gray (Senior Champion- ship): Court No. 4-R. E. Lee v. D. Hung (Junior Championship); Court No. 5-D. W. Joyce v. A. L. Fisher (Junior Championship).
FRIDAY, AUGUST 4. BADMINTONYM.C.A. Badmin- ton, In the West Lounge, 8.30 pm, SWIMMING. --Y.M.C.A, Mixed
Swimming, 6 pm.
WATER POLO. European Y.M.
C.A. v. Chinese Bathing Club. YMCA. 8.15 p.m.
The Pipe Of Peace
Azi elderly clergyman entered a first-class railway carriage. His fellow passenger, was a very grimy labourer, smoking a dirty old pipe. The clergyman said: "I have
To commemorate the 25th an- been 40 years a clergyman, and niversary of the occupation of during all that time I have known Western Samoa, New Zealand is of more cases pr cancer of the Issuing on Aug. 29 four new stamps lips and of the mouth caused by for the Mandated Territory, on smoking pipes than by any other
One, the sevenpenny, will bear cause."
bla death."
the portrait of Robert Louis The labourer replied: "And Income of several of those taken at Bamos not long before and in that time I have seem more Stevenson based on a photograph have been for 40 years a labourer. classes would not be very easy to conceal. There is no reason why
split ups, black eyes and bloody táx on house property incomes criticism of the neglect of the you not minding your own busi- There has been in the past some noses caused through fellows like should be any more difcialt to collect than the present Essessed and the tribute paid by the new
author's burial place at Vailima, ness than any other reason. rates on the same property. v.
A Belfast woman told this story stamp will therefore be the more at a London conference recently, Tax on the profits of Himited welcome to admirers of R. L. 8. liability companies would The permy stamp will show &
be
levied on the company itself, the cluster of native house on the pear on the d stamp, and the shareholder paying automatically shore of a lagon. A map of the 214 denomination. will show a by deduction from his dividends; Western Saioan Mlands will ap- Bamoah siva, or dancing party.
: At
He will be greatly missed in future
as he has left for the United King-Lawn Bowls
Open Singles Cham-
dem.
<.
In the Second Round of the 2n extraordinary general Heavy rainstorms on the Arst
pionship, in a match played at meeting held on January 29, 1939, day of the Bisley Meeting proper, The adminis ative side was in the Kowloon Football Club yes- It was unanimously agreed that followed by continuous rain the Financial Year of the Asso- the succeeding days, necessitated a Sergeant Major C..M. Estall M. C. tay 21-8.
on the "capable hands of Garrison terday, A. K. Mina beat N. A. Mac-
On the Right Tack...
WITH
W. D. & H. O. Wills GOLD FLAKE
The High Grade Virginia Cigarette