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HONGKONG HOTEL: REPULSE BAY HOTEL: PEAK HOTEL
and
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ASTOR HOUSE: PALACE HOTEL:
HOTELS
LIMITED.
in association with the Grand Hotel; –
Dos Wagons Lits, Poking.
KOWLOON HOTEL
KOWLOON.
UNDER THE PERSONAL SUPERVISION
AND ATTENTION OF
W. J. WHITE.
Phone No. 58008
Cable KowLOTEŁ " Hongkong.
PALACE HOTEL
Tel. Kowloon No. 3,
Tol, Address "Palace."
A First Class Residential, and Tourist Hotel with all the Con- veniences of a Home. Under Entirely European Management. Cosy Loango and Billard Saloon. Three minutes from Forry. Forallies specially entered for. Moderate term,
Music
Daily.
MRS. J. M. OXBERRY,
Proprietress,
PENANG
Dinner
Dance
Twice weekly
RUNNYMEDE HOTEL.
The Premier leal e
...
With beautiful private lawns to the Sea.
TWENTY ADDITIONAL ROOMS-COMPLETELY MODERNISLO AND RE-FURNISHED ARE NOW READY.
CABLE. --"RUNNYMEDZ.“
RUHHYMEDE HOTEL, Ltd. George Goldrack. Manager.
EUROPE HOTEL
SINGAPORE.
· RENOWNED BY RECOMMENDATION *
DANCING:
MUSIC:
GRILL:
After Dinner every Tuesday. Thursday and Saturday. On the VERANDAH every Saturday from 12 noon to 1.30 p.m. and every Tuesday, Thurs. day and Saturday from 7.30 tu #30 p...
Telephone. 5341 (8 lines) Cables "LUROPE" Singapore.
M
THE EUROPE HOTEL, Ltd.
ASSEUR R. SHIMIDZU. ASSEUSE 3, HONDA. ASSEUSE S. KISAKI, Recommended for many years of Government Civil Hospital, Foak Hospital, etc., and by all the local doctors.
24. Wyndham Street Tel. 24945.
Avoid
colds
By taking SCOTTS Emulsion which pro-
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to resist coughs;
hills, colin, influenza
BRO all bronchial
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*The pretector of life'
Arthur E. Odell · Managing Director.
MRS. MOTONO. Massage.
Hand and Electric
Wyndham Street.
31h
dum Pit
THE HONGKONG TELEGRAPH, MONDAY, MARCH 2, 1931.
INDIAN DUTY ON SILVER.
REPLY TO THE AMERICAN
CHARGES.
New Delhi, Feb. 28.
HOME POLITICAL SITUATION.
FRESH CHALLENGE TO MR. BALDWIN,
Leniton. Feb, 28." The new Budget for India protinuance of Mr. Stanley Baldwin's A direct challenge to the con- viding for increased customs duties, includes an increnac of inadership of the Conservative two Annar per ounce on Hilver Party is likely to form an out- bullion.
Sir George Schuster announced his intention to appoint a Re trenchment Committee of seven members, and declared thut to
standing fonture of the Parlin- Westminster, caused by the death mentary by-election at St. George's, of Sir Luming Worthington Evans.
The potential Conservative enn- change the rupee from 18 to 16 date was Lt-Colonel J. T. Monre pence would be fatal to Indin's his withdrawal from the candida Brabazon, who to-day intimated inancial welfare. He vehement-
(Str
Brabazon says that he himself has expressed misgivings Reuter,
The "Now Party."
London, Feb. 28. A "New Party" 1218 formally launched by Sir swald Musley (Labour) to-day, who issued statement declaring that suffelent mapport had already been unsured
ly emphasised the necessity forture, in view of the fact that at caution, economy, and co-opera-Ernest Petter) has appeared who
independent Conservative tion.
penly questions the wisdom of In announcing the silver duty Mr. Baldwin's fendership, regard- Sir George Schuster referred to ing which Lieut. Col. Moure the suggestions that the Finance Minister should discontinue sales while the fresh output from the silver mines was to continue un- interrupted. He described it as an "astonishing proposition." He contended that the increase of two annas per ounce was clearly justifiable, and denied that might check the consumption of silver in India. Regarding the maintenance of the price of silver, however, he referred to his last yeur's offer of cooperation with other silver interests, "Unfor- The Party aims at running 400 tunately the only direct response candidates at the has been from the United States The new organisation challenges next election. silver producing Interests an the
exposer: fines that while the production of alike Free Trade, which
the Home market to the chaos #fi new silver should remain restricted, the Governments hold-world conditions, and Protection ing stocks should refrain
|which would protect the employer: from solting."
at the expense of the worker and He was sure the mem-
the consumer. bera would not expect the Govern- ment of India Lo abandon the
rights by acceding country's
to "any such one-sided agreement"
Silver Consumption.
-
both in Parliament and in the country, and appealing for volun- tary workers and financial asis-
lance.
On the contrary, the Party aims at a system of Protection of all the walehaner of a sections: stable market; a high standard of life, and a definite plan of reor. the baking disation, including of the Dominions and Britain by a new economic organisation. Rem
Ter
Research would
Sir George Schuster further mphasised that the whole world depended on India as a consumer She, absorbed 108,000,000 ounces of silver annually for the past five years ending March 31. 1920. Agricultural and according to present indien-shortly submit schemes. tions her absorption for the ear- A surcharge of two and a half rent year would reach this aver-pær rent, will be levied on the age, while from her own holdings present Customs 10 per esal the Government of ladin had sold schedule, and five per cent, on the unly a total of about 90,000,000 15 per cent. schedule, including unces. He declared that India cotton piece goods. and 10 per must retain a free hand. We cant, on the luxury schedule. must ask ourselves whether co- operation is likely to lead to de- sired result. The
more I study the matter the more convinced I become that the fall in the price af silver is part of a much wider movement, and the more, doubt ful become whether silver can be dealt with successfully Inalation."
Der
The duty on all grades of sugar is increased by 20 annas hundredweight, whilst there will an increase of two annar per gallon of motor spirit and nine
ies per gallon of kerosene.
Sir George gave the following inhouds under which it was pro- posed to increase the substantive tarists. Liquors, Sugar, Silver Bullion, Bete Nuts and Spices, and Exposed Cinema Films.
Other Metals Also. Sir George pointed out that the fall in silver prices has not really been out of relation to the fall in
De said that beer would he the case of other metals, and ex- raised about 66 per cent, above pressed the opinion that the the present level and the duties causes might be the same. "Any on wines and spirits (except de- netion which does not touch the matured spirit and spirit used in causes of the disease can hardly the compounding of drugs and be likely La
raised be- provide a sound medicines) would be remedy.......If there is to be tween 30 and 40 per cent. any international conference for Apart from Sugar, Silver Bul dealing with silver it will be of ion and Liquors, other items far greater valne to the world if mentioned would be transferred it can also deal with those other from the general rate of duty factors in the present world situa- (now 15 per cent, ad valorem) to tion which might be affected by the luxury rate of 30 per cent. international co-operation.” – Beris
iter.
The Indian Budget.
New Delhi, Feb. 28. The Budgel, which was present- and be Sir George Schuster, Pin Bant Member of the Executive Council, showed a defics of 14kg crores of rupees after severe pruning, including a reduction of 170 lakhs on military expenditure.
Sir George Schuster declared that the increase in the sugar duty WHIS purely revenue measure bending consideration. of the Tarin Board's recommendations.
EUROPEAN
The new taxation is estimated WareHMAKER JEWELLEE & ENGRAVES
tu yfeld 14 crores, 82 lakhs of rupees, and includes an ingreitie un income tax and super tux ranging from two to ilve ber cont.
53. Nathan Road, Kowloon.
Sir George Schuster said that from the balance of 31 lakhe it
Sale and Hapairing of Gold and Bilvar Goode. was contemplated to make certain | Any klod of Watches, Chronometers, Chrono- xrants for beneficial purposes, and anything in the line of delicate mechanism. trapha, Repeaters, Speedometers, Typewriten particularly from five to ten laklis | All orders, exorated promptly
connexion with the encourage- bent of the sugar industry, du con- nexion with which the Council of
$ALESMAN ŞAM.
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