PAGE 2-HONGKONG. DAILY PRESS
GENERAL
SPEECH BY MR. BUTTERS E. ZIMMERN ENTRIES FOR HONGKONG
Financial Secretary's
Speech
#
(Continued from Page 1)
legislation as may be con- sidered diécessary to prevent
this.
SALARIES TAX
The second tax is a Salaries Tax In moving the first reading of on nearly all salaries and pen- the Bill, the Financial Secretary alons derived from employment in Your Excellency. When the Colony. The first $5,000 of said: connection with the budget for the taxable income after deduc- the current financial year the ton of personal and family al- proposal Was mosted ini this lowances will be chargeable at 4 Council to impose new taxation to per cent and thereafter a 10 per raise additional revenue for WAT cent rate will apply. No abate- purposes during the presentment I respect of life insurance emergency, the form of taxation premiums was recommended By contemplated by Government met the Committee. with general disapproval from the Unofficial Members of this Con cil, although there was a corres- ponding" unanimity in agreeing that additional revenue should be raised to enable this Colony as a part. however small, of the E- pire to bear its share of the ex- penditure incurred in furthering the common cause. That unant- mity was fittingly expressed at
Thursday
on the lines of that drafted by the War Revenue should be introduced.
made in
DEFEATED
CLUB EASTER RACE
AT VALLEY
AT CHESS MEETING
CARVALHO BACK
TO FORM...
D. E. de Carvalho, last year's Colony Chess champion, returned to form yesterday, defeating 8. Zimmars, loader in this... yesi's Tournament, as - the Glancestor
three consecutive games.
THE SECOND EXTRA RACE, MEETING OF THE HONGEONG JOCKEY CLUB will be held át Happy Valley on Saturday and Monday, Mar. 23 and 25, «tarting ất 2 pm, on each day.
The following are the advance) Ponies, "C" Class. Winners at this entries for the two days:—
meeting barred, Jockey Allowance. Entrance $5. One Mile.
Advancing Time, Boolat Bay,
FRIDAY, MARCH 15, 1940.
JOCKEY HARD DRIVING AND ACCURATE
Rugby Sevens Tournament
EIGHT TEAMS TO MEET IN FINALS
TOMORROW
VOLLEYING
Rumjahn Cousins Win Doubles
In two very good sets which were marked by hard driving and so- curate volleying by both sides, S. A.
FIRST DAY 1.-Mirs Bay Stakes.—Winner
The preliminary rounds of the and H. D. Rumjahn, former hold- $800, 2nd $300, 3rd $200. For China Bronze Arrow, Care Free, Clowner, annual Rugby Football Seven--ers, beat Lee Rua-kek and J. W. in Ponies Griffins of this Season Commencement Bay, Dawn Star, side tournament, organised by the Leonard in the open doubles of the Hotel, to score his first polit
Winnets of $1,000 or more In Dingo, Distinctive Time, Forgotten Hongkong Football Club this yea Colony tennis tournament poster-
day, by 6-2, 6-3. Zimmern's loss is drst stakes, barred. Weight: 10 Ib. un-Star, Galveston Bay, Gay Star, †in aid of the British War Orgut The match provided the Anest.
der weight for inches. 1 lb. pen-Gladiator, Guinness Time, Hills-isation Fund, this year's Tournament, but
doubles game of the tourriament retains his place at the top of alty for every $100 or part thereof bero, Bay. Hughber. Just In Time played off, leaving eight teams to to date and revealed exceptionally won in stakes. Jockey Allowance. Laughing Girl. Lauraber. Natichal compete in the finals on the Clab good form on the part of the Rum- the Tournament table with a re- cord of six wing in
Entrance $5. One Mile.
Pride, National Success. Oomph. ground at Happy Valley on Satur-ans who were most spectacular Blue Field 151, Blue Gate 151, Pinfarthings, ches played.
seven' 'mat-
now have
been
follows:-
äs
A. C, L. Bowker" (-8/8). beat F. D. Hunter (+1/8) 6-2, 6-3.
M. Pagh (30/3) beat G. S. Lovett (+2/8) 6-2, 6-1,
E. Zulauf (-15) beat W. G. Har- vey (26) 8-6, 6-1.
The third and fourth taxes are respectively a Corporation Fronts Tux оп profit's
made in the companies registered Colony of
Romeo, Ronson, day, " in Hongkong at a rate of 10 per
THE PROGRAMME
in their play. Leonard also - cent without any abatement, and
All of this week's matches were Bronte Arrow 151, Care Free 151, Rose Queen, Royal Highness, Scenic
credited himself well, bringing off Silver Wings, Distinctive Time 151,Emergency | View,
Smashing a Business Profits Tax on profits completed last night, results at Unit (late Osage) 145, Eve of Dan-Through,
Play will commence at 3 p.m.some fine hard drives and kills.” Soldier of Britain, when the Hongkong Police "A" the Colony from all
the Peninsula Hotel being-cing 151, Eve of Folly 151. Eve of Strathbannock, Sylvandale, Tampa will meet the Royal Scots "A"
The other games resulted businesses and professions which M. A. Barnett beat V. V. Kolat Hunting 148, Eve of Peace 148, Gay Bay, Taxing Master, Victoria. The other quarter-final matches is levied on the business and not chon. Sir Henry Pollock drew Star 151, Hillsboro Bay 115, Hope-
HANDICAP SINGLES 2-Easter Stakes-Winner $750, are ás follows:-3.20 the meeting of this Counch last In Individual persons so that no with A. Y: Brukoff and B. 8. fal Star 159, Hughber 151, Jane Doe 2nd $300, 3rd $200. "A"Handicap for 8th.
Heavy Regt.. RA. "A" inquiry as to the ownership of the
Litivin beat K. Weiss.
151, Johnber 151, Lauraber 151, China Fonies. Entrance $5. One v. Royal Fngineers; 3.40 p.m.:- by the Honourable
Some adjourned and postponed O-Lan 156, Oonagh 148, Ronson 148, Mfle. Senior Unofficial Member in sup-business and the division of the
Hongkong Bank v. Civil Service: 4 matches have also been complet Rose, Charming 151. Rose Elegint Burford, Confusion Bay, Craiga-pm-Rongkong Police "R" ? porting the resolution that a Sill profits is involved.
ed. with these results:-K. Wefts151. Rose Perfect 151, Silver Wings vad, Eve of Harvest. Eve of Heaven, Rest of Club "A." Beat L. Blair, Sir Henry Pollock 151, Smashing Through 151, Vic-Grether, Mount Hope Bay, Satin- Provided that no extra time nas beat V. V. Kolatchoff, E. Zim-
light, Spicylijft.
to be played in the quarter and mern best A.. Kurrik, B. 8. Lit-"
3-Coolgardie Stakes, Winner semi-finals, the final will tom- vin beat A. Kurrik, and A. Kur- 5800, 2nd $300, 3rd $200. For Aus- $600, 2nd $300, 3rd $200. Fer Aus-mence at 3.30 p.m. rik beat L Blat.
tralian Subscription Ponies, "A"tralian Ponies of this Season By kind permission of Lt Col nett 4-8, 9-1", Class. Jockey Allowance. Entrance Winners at this meeting and D. J. McDougall and Officers, thu $5. From the Two Mile Post Once ponies that have won $500 or more Band and Pipes of HM, 2nd Bn. N. D. Lloyd and W. R. Lambert Round and In (About One Mile 171 in stakes, barred. Weight: 10 1 Royal Scots (The Royal Regiment)(scratch) beat J. R. M. Emith and
under weight for inches. 2 lb.
will play from 2.30 p.m. to 3.p.m. D. J. S. Crozier (scratch) 3-6, 8-6, Albury, Amiens Curiae. Austra-penalty for every $100 or part before the matches and during 16-2. ilan Diamond, Bama Bay, Comedy thereof won in stakes. Jockey
B: O'M. Cean and N...Spencer Star.
Connieber, Courting Eve, Allowance. Entrance $5. From
Admission to the ground will be 1/81 beat H. D. Bidwell and T. Criffel, Devonian. Far View. Fure the 14 Mile Post (About Half Mile $1.50 to. Covered Stand and $1.00 T. Dow (3/6) 10~8, 6-3.1 hand Drive. Lancashire Chips, 170 Yards).
HANDICAP MIXED DOUBLES, to Open Stands (Servicë men sti Lucky Lad, Princes Bridge, Sapper, A Green Time 142, Allan Prince half-price). It is hoped that a
Mr. and Mrs. C. C. Stark Sparrow, Tomado Star, Trium- 142, Brown Derby 142. Busylight large crowd will be present to scratch) beat Mr. and Mrs. R. H phant Day. Viceroy.
There is, in the circumstances, Committee na deduction in respect of per- sonal and family allowances and the rate proposed is, after a ken- That very representative Com-eral exemption up to $10,000 per mittee, which included several" annum, & per cent of the excess Unofficial Members of this Coun- over $10,000 up to $100,000 and 10 cil, was appointed by Your Ex-
per cent on the excess over cellency with terms of reference which finally became
$100,000.
:
I think I am correct in saying 1) To examine the draft In-
that the Committee regarded come Tax Bill and advise on these taxes not so much as four the detailed
provisions several taxes, but as four forms which would be desirable in of the tax and that the accept such a measure if it were ability of that one tax depended adopted. häving regard toon grounds of equity on the ac- the special circumstances of
ceptability of each of its com- this Colony; and
ponent parts.. (2) To advise whether the best method of raising additional revenne for war purposes would be such an Income Tax or. alternatively, any other measure or measures of taxation
of which the Incidence would be substantially the same classes of the community as an Income Tax and which could not be passed on to the poorer classes.
NO MODIFICATION
on
The present Bill is the Bill as prepared by the Committee, with certain verbal alterations which are set out in the Table of Varia- tion. No radical modification has made: nothing has been been added to or subtracted from the recommendations of the War Re- venue Committee. and the ter porary nature of the measure, is made clear by the provision that no tax shall be collectable in any year of assessment subsequent to the year, of assessment in which the war is terminated.
GUESS WORK The Committee offered no «es- timate of the revenue expected to be raised by their B and in the nature of things such an estimate must be largely guess work, but
Mr. Caine, who was largely res-
ponsible for framing the original draft of the Bill suggested that Salaries Tax might produce $1. 000.000 and Corporation, and Busi- ness Profits Taxes together $3, 000,000, while the receipts from the Property Tax are calculable the neighbourhood of $2,000.-
000.
་
TABLE TO DATE The positions to date are;
P. W. D. L. Pts. E, Zimmern
7 6 0 1 6 K. M. A. Barnetz 6 5 0 1 5 B. 8 Litvin
7 5 0 2 5 8.5 0 3 $ 8 4 2 2 8
Weiss...
Str H. E. Pollock D. E de Carvalho A. Y. Birtukoff A Kurrik
Blair
V. V. Kolatchoff
6 3.0 3 3
7 1 2 4 4
6 1 1 4
· 10 5 1 7 0 1 8
In
toria 151, White Diamond 156.
2-Albury Handicap.
Yards).
Winner
:
148, Comedy Star 145, Fair Chance
the intervals.
가
3 or 9 Hongham Bay Handicap. 145, Forehand Drive 142, Franklin watch this lively and open type
of rugby football. First or Second Section: Winner 145 Income Tax 145, Lovely Kid $600, Zid $300, 3rd $200. For China 139. Many Thanks 145, Maple Star
Club Teams"
W. M. Barton (-3/8) beat C. M. Starf (+3/6) 7-5, 6-1...
** CLUR SINGLES
H. J. Armstrong beat G. C. Bur-
HANDICAP DOUBLES
Valentine 6-2, 7-5.
*HOME SOCCER LONDON, Mar. 14 (Reater)—The
following matches in the English. Regional Football competition were- The following will represent the played yesterday: Craigengower
Club · in League Matches on Saturday: at Watford .. 3 Charlton
2:00 p.m.:
Cricket
SOUTH "A"
SOUTH "B
Southampton 2. Aldershot
SCOTTISH CUP The following are-the results of
Ponies, "B Class: Jockey Allow-146. Nancy Lee 142, Perola a Oriente Craigengower Cricket will enable the Colony to make to ance. Entrance $5. Six Furlongs. 142, Piccadilly Jih 145, Punelo 142, Avon, Bear Claw, Blue Diamond, Quick Despatch 145. Rowan 145, England a ntting war contribution to be raised from the wealthier Clember, Conquering Time, Dupont Shuttlecock 142, Springhurst 142.
Bay. Eve of Folly, Galaxy. Hopeful Spring Bhine 150, Venus Bay 145. members of the community.
4 or 8Boa Vista Handicap. this congenial atmosphere of ac- Star, Humdrum Eve, Hyndford cord I refrain from answering, and Bridge, Jennifer, Jaber, Johnber, First or Becond Section: Winner criticising. certain observations King Kong, Lancashire Lass, Lili- $800, 2nd $300, Ind $200. For China
1st XI: v. c. s. c. c. Home- which fell from some of the om- ber, Musketeer, New Star, Oak Bay, Ponies, "B" Class Winners at this cfal speakers in this Council on the Peaceful View, Possible, Potentate, meeting barred. Jockey Allowance. E. Zimmern (Capt.), P. J. Hil opposition advanced in this Coun- Rob Roy, Rose Enlly, Hose Evelyn, Entrance $5. From the Two Mile morla, A. R. H. Esmall, A. J. en against the Income Tax pro-Rose Flana. Rose Jane. White Post Once Round and In. (About Hulse, A. K. Ismail, A. Lee, replays in the Second Round of the
K. P. Lim, W. Hong Sung G. |Scottish Cap:___ One Mile, 171 Yards), posals. But I feel it is due to this
-Bub-Griffins Spring B'dicap:: Avon, Bear Claw, Blue Diamond, Souza, A N. Other, F. R. Zimmern. Council that I should set out my
Ladd: Umpire: G. reasons for opposing the original Winner $750 2nd $300, 3rd $200. Clember, Dupont Bay, Eve of Folly,
For... China Ponfes, Subscription | Hopeful Star. Humdrum Eve. H. W. Randall, and accepting the present. propos-Griffins, of this Club of any Sea-Hyndford Bridge. Jennifer. Jobery 2nd XI: V. Police, “Away-B. R. M. Omar. U, M. Omar, W. K
SON.
Ponies classifed "B" Class, Johnber, King Kong. Lancashire Irance (Capt.), N. Broadbridge, Way, J. L Young Saye. barred. Jockey Allowance. En-Lass, Lilliber, Musketeer, New Star, A. B. Hamson, A. Hung. C. w. Umpire: W. McNelli; Scorer: W. tance $5. 14 Miles.
Lam, J. W. Leonard, T. Lock, A. Broadbridge. Bressay, Celtic Star, Clowrier,
87 CLAUSES
The Income Tax Committee, of which I had the honour of being
How it is proposed to de- "; vote this revenue to the pro- secution of the war will be ex-
ials. plained in part when the first resolution standing in my name is moved, and full de- tails are given in the applica- tion for the necessary supple- mentary votes which will be submitted to Finance Com- mittee this afternoon.
Diamond.
in
a member, held its first meeting | Guinness Time, Marksman, Salvage on the November 3, 1932, and at Master, Strathbannock, Wilber. this meeting a draft Income Tax 5.--Rosehill Stakes: Winner $600, Bill, which had been previously sent | 2nd $300, 3rd $200. For Australian to the members, was placed before Subscription Fonies of this Season. The Government has accepted the Committee for its considera- Winners of $1,000 or more the recommendations of the War tion. This Bill consisted of 87 stakes. barred. Weight: io lb, un- As explained by the Committee Revenue Committee and the bill clauses, many of which were so der weight for inches. 1 lb. pen- in their Report the combination which I am asking to have read necessarily complicated as to be alty for every $100 or part thereof of taxes proposed constitutes a today for the first time is a Gov-beyond the comprehension of the won in stakes. Jockey Allowance.
It is, however. general public, and which occupied Entrance $5." One Mile. partial income tax freed of cer- ernment measure. tain complications owing to its just and proper that, I should some 49 pages of print. limited scope
and designed to state at this Juncture, that in the meet the objections of those, pro- Government's view the taxation minent among whom were the scheme framed in the bill will not. Chinese Members of this Council. be as equitable or as efficient a raising revenue as who deprecated inquiry or in- means of quisition into personal eir would be an income-tax measure cumstances, particularly of part on the lines which you. Sir and nerships, inevitable in income tax your advisers had in contempla. proper which is based on the as-on a few months ako. sessment of individual capacity
to pay.
PURPOSE OF BILL
perior, but the explanation is not
It may seem anomalous that an The Bill also avoids the Administration, with a competent danger of double taxation by majority on the Lgislature, should excluding from taxation in- deliberately promote one measure come which is liable to income believing another to be its su- tax in the United Kingdom or any other part of the British Empire, and by exempting corporations the whole of whose profits are able to - such taxation; also faration under the Bill is confined to profits made in the Colony
FOUR TAXES
far to seek,
A close study of the Bill for- cibly confirmed the view I had entertained that an Income Tax measure was quite unsuit- able to local conditions, and that it would have unfortunate repercussions on the Colony. At this meeting I asked for a ruling whether, under the terms of our reference, the Committee was entitled to express an opinion as to whether such a measure was, or was not, desirable, and whether alternatives to the measure could be considered. The answer was in the negative. I thereupon pressed for a communique" to be issued to the press, setting out the strictly limited terms of This communique was issued to the our reference.
Press on the November 7, 1939.
FULL KNOWLEDGE
"Australian Prince 142, Brown Derby 142, Busylight 146, Fair Chance 145, Flying Dutchman 149. Franklin 145; Income Tax 145, Lucky Lady 155, Many Thanks 145, Maple Star 144, Nancy Lee 142, Piccadilly Jim 145, Pumelo 142, Quick Despatch 145, Rowan 145, Shuttlecock. 142, Springhurst 142, Spring Shine 146,
6 or 10-Talway Bay H'dicap- First of Second Section: Winner 3600, 2nd $300, 3rd $200. For China Pontes, "D" Claas. Jockey Allow- ance. Entrance 85. One Mile.
Ascot Vale, Bistre, Boger, "Bres- say, Chatterbox, Dekke, Desert Star, Double Chance, Estover, Fel Yuig, Gold Com, Golden Cow, Good Morning. Hopeful Time, Matador, Piet Hein.. Plain View, Portrush, Night View, Cranje Boven, Phoenix,
Bmiling Time; Soldier of China, Bome Hope, Sunlight View, This Time. Tim, West Lake, Wilber,
T-Gin Drinkers Bay, Handicap: Winner $800, 2nd $300, 3rd $200. For China Ponies, "F Class. To be ridden by Jockeys who have not won ten races anywhere at any time. No Whips or Spurs allowed. Entrance to Half A Mile.
This bill's principal purpose is to narice a not inconsiderable free gift from public funds to His Majesty's Government, and "In such a case it would be improper to force upon the would-be It was in these circumstances
Willymilly. that I spoke in this Chamber on donors by the use of that ma- jority a taxation method to which the November 9. I spoke not in The Bill contains four taxes. & the unofficial members of this ignorance, but with full knowledge, Property Tax of 5 per cent per Council had objected strongly of Government's proposals. Apart annum on the rateable value of and unanimously.
from one point in my speech, to land or buildings as assessed for I trust that we will see fulfilled which I propose later to refer, I rating purposes. And here I the hope, expressed by the Com-do not wish to withdraw anything should explain that as the Rating mittee that, in view of the paren sald. My views have re- Ordinance, 1901, prescribes a tax pose for which the proceeds of
mained unaltered. to be borne by the occupier it has these four taxes are to be used.
Your Excellency intimated in this been considered necessary to in-there will be
Council on the November 16 that no... attempt at dicate clearly that the Property evasion; and I wish to assure the you were prepared to widen the Tax is intended as a tax to be public that officers of the War Tax Committee, and the widened terms of reference of the Income borne by the Taxation Department will regard terms were officially communicat- owner, which I think is in accoed it as their duty to help and ad- ed to the Committee at ita meeting with the views of the War Revise them in assessing their indi- vidual shares of the voluntary contribution.which the Colony is making to His Majesty's Govern-- [ment" towards the prosecution of
the war with Germany..
charged on: and
venue Committee.
The purpose of this amend- ment is to prevent the passing on of the tax as it makes clear that the certificates of fair rent Issued under Section 6 of the Prevention of Eviction Consolidation and Amendment. Ordinance, 1839. cannot take into consideration a tax de- finitely described as to be borne by the owner. I am authorized to state that if any attempt is made general ty to pass on the Property Tax to tenants Government is Introduce such prepared to
I beg to move that the War | Revenue Bill be read a first time.
HON. MR. M. K. LO The Hon. Mr. M. K. Lo sald Your ExcellencyTo me it is a matter for gratincation that this Council should now have before it a mensure which has already re- ceived the unanimous "general ap- proval of this "Council, and which
held on the following day.
Speaking for myself. I have always appreciated the point which Mr. Caine so eloquently made in his speech in this Council on the November 9. namely, that no suggested al- ternatives could be acceptable which did not call for any ap preciable sacrifice on his batt. and that this remark was true: "ol ́others in the higher income
[roups Ma
COMMITTEE'S TAJK The task of the Income Tax Committee under its widened terms
Continued on page 5.
Blaisdon, Copper Idol, Diogenes, Dow-Jones, Gallant Marshal, Geor die, Gog, Heddon, King's Envoy. Labour Day, Lancashire Chap. National Honour, Old Fashioned, Lucky Eleven, National Dignity, Popular Star, Radium Star, Strath- doon, Sunshine Susle, The Tigress,
Valorous, Wild Bear,
8-8ydney Handicap: Winner $600, 2nd $300, 3rd $200, For Aus- tralian Subscription Ponies, "D" Class. Jockey Allowance, Entrance $5. Six Furlongs.
"A Green Time, Amber II, Au tralian Prince, Brown Derby, Colorado Star-Frankling, Income Tax, Lovely Kid, Macquarie River, Many Thanks, Murray River, Po- Conos, Pumelo, Quick Despatch,
Continued on Page 6
Rangers Motherwell
Scorer:
Write for descriptive leaflets of the
3 Falkirk 5 Morton
THORNYCROFT
3-TON
'NIPPY' CHASSIS
Aptly named the Nippy, for its quick get-away and high road performance, this new Thornycroft is available with
10′ 11′′ and 12′ 8′′ wheelbase in both normal and forward-
control types, has extremely economical 60 b.h.p. engine,
7* frame. Lockheed-operated Girling brakes, and space for bodies up to 16 10" long, amongst its other fine features.
THORNYCROFT
Sea Urchin Shuttlecock. Spring Stands
hurst, Tarzan, Winnie, Zodiac.
1 or 10-Kellett Handicap First or Second Section: Winner, $600, 2nd $300, 3rd $200. For China
for Satisfaction
FOR FURTHER PARTICULARS.
APPLY TO OUR
HONG KONG OFFICE, TEL. 22343.
81. George's Bldg., 1st Floor,