FOR
for.
EVERY. FORM
OF
TILING
WORK
TRY.
US
FIRST
C. E. WARREN & CO., LTD.
Chlan Building,
SHANGHAI FLIER'S
SILENCE.
· Lanager -
"Hongkang Telegraph" Matra Marashiitusi. Lid,
4, Hongkong.
The
'Demand£=11%
Lighting-up Time:4÷6.48 p.12.
18.10.-
High Water: Low Water: 11.03.
Hongkong Telegraph.
MR. SNOWDEN'S
Tal. 20169.
NO. 1
* VATANA TUESDAY, APRIL 28, 1931.
日一十月三
EN FÜR ANHUSAR
MINAL COPE 18 CRONES
EMERGENCY BUDGET.
DEBT REDUCTION POLICY
TO BE MODIFIED.
FEAR OF MISHAP ENTERTAINED.
NON-ARRIVAL AT FORT BAYARD.
Fears are entertained that Mr. Edward Ford, the young British amateur flier, of Shanghai, who is on his way from England to Shanghai second-hand Gipay
on
A
Moth machine, has been forced down somewhere be. tween Hanoi and Fort
Bayard He was expected in Hongkong this morning, but up to the time of going to press he had not put in an appearance at Kai Tack,
Fortune For a Bookmaker.
Awarded £266,000 of] Grakle Prize.
DUBLIN ACTION.
London, Apr. 27.
The Dublin High Court has ordered the payment of £266,043) to Mr. Arthur Bendir, a London) bookmaker, the leader of a Lon- don syndicate who paid Mr. Emilio Scain £10,000 for three- quarters of the Grakle ticket in the Irish Hospitals Sweepstakej on the Grand National.
The money which is being paid out of Court represents three. quarters of the first prize ofi Seala's share is about}
£00,000.
The airman, who took up fly- | £364,544. ing while on Home leave and de- cided to fly back to the East in-
Mr. Bendir's counsel, making stend of coming by steamer the payment be made without pro- the application to-day, asked that left Hanoi yesterday morning judice to any question arising in for Hongkong vin Fort Bayard. the action between the other Up to tilin-time to-day, no news parties, and suggested that, if had been received of his arrival | necessary, Mr. Bendir, should be at Fort Bayard, and this suggests | added as a defendnat in the future the possibility of his having been { trial.
forced down whilst on his way The order was made with the thither.
consent of all parties and the re- Mr. Ford took off from Lympne | maining nuney will be invested on March 23rd and made good pending the result of the action progress until, six days Inter, he against Scala. ran into a snow-storm in' Greece One of the claimants, Mr. Tony Apicelin, a a hairdresser, of Dean Street, Seho, has already received £3,000 as the seller of the winning He claims part of the ticket.
under EL 31 actual prize-money alleged agreement.--Reuter.
and crashed. his machine being rather badly damaged. For tunately, he managed to scramble out of the plane unhurt.
Before setting out on his ar duous adventure, he had only pent some sixty hours in the air, and he had hoped on arrival in Shanghai to sell his machine to the Chinese Government.
70 REBELS ROUTED.
PORTUGAL'S WAR IN MADEIRA.
"BRILLIANT ACTION."
IMPRESARIO'S SUICIDE.
LOSSES ON STOCK MARKET.
rus-
L
RAID
!
ON EXCHANGE ACCOUNT TO
CUT DOWN DEFICIT.
Hopes From Recommendations of
RESISTANCE
FORT.
DUNLOP
The Fire of
LOCAL BRANCH.
Padder Bldg.
AN ALLEGED
ERROR
Epoch-Making| OF $360,000.
Invention.
Increase of Flying
Radius.
NEW AIR-ENGINE.
Berlin, Apr. 22.
CHOA PO-SIN'S OVERDRAFT.
BANK'S MOTION IN APPEAL COURT.
An epoch-making invention, ONUS OF PROOF.
Recommendations of the which experts describe as pro-
Committee.
Eco nomy
REDUCED REVENUE EXPECTED.
CONF
The
of estimates
Ordinary Revenue amounted to £762,000,000,
mising a veritable revolution, was finally tried out by
the Junkers Aeroplane Works to-day at the Tempelhofer Feld Aero- drome here, following a large number of experiments at the Dessau Works of the Company.
That the contents of bank's passbook are prima facic evidence, against the bank, and that in the event of a mistake the onus is on the bank to set up a case of error, were poilits which It is a new scrapinne motor
were dealt with by Mr. El- named "Jumo 4" which will enable
don Potter, KC, in the Ja plane fitted out with it to in- Court of Appeal this morn- crease its Hying radius by 47 peri ing, when the action bo- ONFRONTED BY an almost superhuman task, the
well-being, was to be heartily cent, as compared with that attain- tween Choa Po-sien and the welcomed.
able by using the ordinary motor Equitable Eastern Banking preparation a financial statement in a period of
and carrying the same weight of fuel.
Corporation was resumed. financial depression, with a heavy deficit to meet and an even heavier deficit anticipated, Mr. Snowden has pro- nearly £2,000,000 above the actual the new motor is 65 per cent, lower gaged securities to the bank to Besides, the east of fuel used by Plaintiff (Chon Po-sica) mort- duced a remarkable emergency Budget, at a cost, yield of the corresponding item in than that of the present one,
secure an overdraft and the bank mainly, of further persistence in strenuous attempts to boleh last year but danger of the plane catching fire claimed that owing to an error £7,000,000 below the Estimates for when crashing is practically eli-between the former compradore reduce the net volume of the National Debt.
minated, which not only makes fly- The addition of the £4,000,000 ing much less dangerous but also and a cashier, certain amounts remaining in the Rating Relief leads to a substantial reduction in totalling $860,000 were credited Suspense Account brought a total the insurance rate.
to Choa, leaving his overdraft at revenue, on the basis of existing
Professor Junkers, the veteran $139,000 odd. taxation, of £766,900,000.
aeroplane constructor, personally The bank claim that, when the presented this latest achievement erroneous credits have been wiped of his Dessau Works to the as-out, the overdraft amounts to representatives of the $500,000 odd, this being the true for authorities, aviation companies, amount. This, however, is denied view scientists, engineers and the press by Choa, who admits un overdraft
the The work of fitting out at first of $139,000. the freight planes and then passenger- fall planes, too, will be immediately started, but it can already be said
The Chancellor of the Exchequer has decided against raising any new revenue at all, except in one direction, the petrol tax. All other princip: 1 taxation remains at the level of last year, and an estim ted deficit of £37,000,000 is partly to be met by a id on an Exchange Fluctuation Account in New Yck, from which £20,000,000 is to be withdrawn. The Chancellor foreshadowed legislation for a Land Value Tax to be imposed when the valuations have been completed. ›
In the coming year, he anticipated an increase of nearly £8,000,000 in Death Duties, a decrease of £3,000,000 in income tax, an increase of £4,000,000 in Stamp Duties. The Custom and Excise Duties are expected to produce a smaller yield.
AGREES WITH MR. GLADSTONE.
New York. Apr. 27.
who Mr. Loudon Charlton, tired from active business life some
London, Apr. 27. to make such a substantial reduc- The Chancellor of the Ex- tion in debt. little time ago after enjoying position for many years as one of chequer was cordially received on
He announced that he the best-known managers of musi- all aides of the House when he making no direct addition to the cal artists in the United States, rose to open the Budget Debate in fixed debt charges which would be committed suicide to-day, shooting his Brat speech
£355,000,000 as laid down by the himself with a revolver.
Finance Act of 1928.
His friends believe that the act was brought about, by worry over! heavy losses on the Stock Market.
Mr. Charlton was 61 years of age, and during thirty years as a con- Lisbon, Apr. 27.
cert manager in New York, he in- Portugal's "little war" against troduced Nordica, Sumbrich, Stan- the Madeira rebels came to a lay, Melba, Kubelik, Gabrilowitsch, speedy termination to-day after Novaes, Flonzaley, Toscanini, and what la described as "fighting the La Scala Orchestra to the by land, sea and air."
American public. He married Misa Helen Stanley, the opera singer, in 1917.-Reuter's American Service.
The Expeditionary Force under Captain Correira, the Minister of Marine, commenced operations to- day which resulted in the rout of the rebels by the Government forcen.
ELECTRIC PLANT FOR RUSSIA. were
Seventeen of the rebela captured, and the Government troops captured and dismantled
the insurgents' wireless station.
An official communique from Funchal, from the commander of the Expedition, atutes:
Reuter.
Illness.
since his
long
Wax
last year,
Hope for Economies. -On the Expenditure side, sembled Supply Services accounted £49,000,000, but he hoped, in of the appointment of Economy Committee, that actual expenditure would considerably below it.
The
Question of Onuš.
On the issue, which was dis- Of the fixed Debt Charge of that the tests so far made leave cussed in Chambers, Mr. Justice
to the practicability Wood ordered that the onge was' |£355,000,000, he had
alloto doubt as to [£302,900,000 fIB interest and and the enormous advantages managenient, leaving £52,100,000 the new motor. available for the Sinking Fund.
The total estimated expenditure was £801,360,000, and the estimat- fed revenue £760,000,000, leaving a Inarginos. the wrong side of £37,60,000 which he had to find from other sources.
GAR WOOD FAILS. ONCE AGAIN.
FALLS SHORT OF HIS OWN BEST.
of
on the bank to start proceedings, but the bank are appealing from this order before the Chief Justice (Sir Josuph Kemp) and the Pul sne Judge (Mr. Justice Lindell), alleging that Choa should be the plaintiff.
Mr. H. G. Sheldon, Instructed by Mr. E. Davidson of Messre. Hastings, Denny and Bowley, is for appellant (the bank), while Mr. Eldon Potter, K.C., together Miami Beach, Apr. 27. with Mr. F. C. Jenkin, instructed Commodore Gar Wood, the by Mr. M. M. Watson, of Messrs. American speed boat expert, is Johnson, Stokes and Master, is for nothing if not persistent.
respondent, (Chon Po-sien).
Ho.made another attempt to-day to beat Kaye Don's water spoed record of 103.49 miles, but failed, America IX averaging
Making Up Deficit. £20,000,000 of the money would be secured as an appropriation from a sum of £13,000,000 created in New York as a Dollar Exchange Account to balance sharp fluctus The House agog with expec- He conadently expected that tions in exchange, but which was
no longer necessary.
No Question of Mistake. tation, anticipating dramatic
ass the outcome of the recom-
£7,500,000 would accrue from an announcements, fearing new mendations of the economy com-immediate increase in the petrol Miss
Continuing his address this morn- taxation, waiting for the deve mittee appointed, considerable tax from 4d. to 6d. a gallon, nothing better than 101.66 miles an Ing. Mr. Potter said it was not a lopment of Mr. Ramsay Mac- reductions in expenditure would
question of a mere correction of.
bank bad Donald's cryptic statement last be made during the current year derived by an alteration in the
accounts, but if the This performance is not.ao good made a mistake in crediting plain- week that "something may to go automatically to debt re-system of income tax collection. as his effort a week or arise," was destined to receive duction.
taxation when in six wain attacks on the bank to establish, to the satisfac- tiff with $360,000, it was up to the The existing rate of a statement quite different from that anticipated.
It was also possible that during would not be increased, but 75 record, he fell only slightly short
tion of the Court, that they were would be payable on of 103 miles an hour. the year, conditions in the money per cent. The only increase proposed inj market would be favourable
Another £10,000,000 would be hour,
20
to January 1, and 26 per cent. on July After Miss America IX had entitled to have that money return- taxation is one of 2d. to the 4d. considerable debt conversion, instead of two equal instalments made three runs to-day, engine
a gallon tax on petrol, the estimat- ed revenue from this source in the current year being £7,500,000. Against this, there was set a re- duction in the tax on light motor- cycles from 30 to 15/- which la not expected to result in any not-
TECHNICAL EXPERTS FROM] able loss of revenue.
BRITAIN.
London, Apr. 27.
Mr. Snowden's Review.
operations,
Although in favour of every possible effort to reduce the na- tional debt, he held Mr. Glad stone's view that in timen of desperate depression and unem- ployment, it is better to use our resources to stimulate trade than to make mundue sacrifices for the purpose of reducing the debt.
Income Tax
Surtax **** Death Dutlen Stamp Dulles Other Items
ed them. There was, he submitted,
and
ATTEMPT ON SIDKY PASHA.
SEVEN YEARS FOR "MAN WITH AN AXE."
no mistake about the credits,
the bank intended to give those. credits. They were in fact given. the money being credited and then drawn out, as evidenced by the statement of accounts which was. filed on the direction of Mr. Jus- tice Wood.
as at present, thus bringing an trouble developed again. extra quarter into the 1931-32 re- further efforts had to be abandon venue..
ed-Reuters American Service. The balance sheet for the year, therefore, would be:
Revenue
£803,500,000 Expenditure ....£803,360,000
Counsel went on to say that they Income Tax Machinery.
could not recover the money mere- He also announced that he was
ly because they were under the mistaken notion that they were on- In his review of the income and
proposing a change in the ma-
titled to it. Once it was admitt- "The Portuguese Expeditionary An agreement has been signed expenditure and debt operations
chinery for the collection of in-
Cairo, Apr. 27. ed, да it was on the face of the Force landed to-day ten miles between the Soviet Government in the year 1930/31. Mr. Snow- Mr. Snowden estimated the yield come tax, which would place the
Mohamed Hussein Taher, the statement of accounts, that the from Funchal and put a party of and the Metropolitan Vickers den said the figures revealed an from Inland Revenue at £437,000, collecting service under a single soventy "rebels to flight. While Electrical Company whereby the Ordinary Revenue of £775,895,000 000, made up as follows:
undivided control as recommend 80-called "Man With an Axe," who credits had been received and the the guns of the Portuguese war-initer will provide expert technical and an Ordinary Expenditure of
was arrested in August last in money paid out; in the bank's own £248,000,000. eil by the Royal Commission. this brillant
72,000,000, ships supported
He was taking steps to reintro- connexion with a plot against the books, there was no scope for al- assistance for a plant to be built) £72,341,000, the expenditure be-
the accounts. action, Portuguese aircraft In Russia by the All-Union Electro- ing in excess of the Estimate hyl
90,000,000. duce the Finance Bill to enable fe of Sidky Pasha, the Prime teration of the
The roveraal of entries, by Mr. silenced the robela artillery."-Technical Combine.
only £532,000, which had been
24,000,000. present holders of Savings Certi Miniator, was to-day sentenced to
imprisonment. The plant will extend to the mado
3,000,000. Brates to make an extension of seven years' possible largely by
He hoped that the depression, their investment, and to provide was found, armed with an axe, in was what the
Taher, a well-educated Berber, Biggar amounted merely to an ex- pression of his own view that that Early this month, a Military largest capacity required for the savings on debt interest and
'ought to be, Junta was formed at Funchal, generation and distribution of management, and other items.
which upset all expectations last power for a loan to meet certain guaranteed the food supply of the electricity and will be employed|
costs Nevertheless, he pointed out, year had reached its limits and
compartment in which Sidky supplied to him by a cashier in the but it would be a little time after the tide had definitely turned before encourage to light from Alexandria.
In order to encourage the manu-Pasha was travelling to Cairo compradore department, Li Chung- fore the Revenue would feel the motor-cycle being rapidly develop. The prisoner, a draughtsman
Onus Not on Plaintiff. Net Result a Surplus.
ed on the Continent, he proposes employed by the State Railways,
Dealing with authorities on the that the annual tax on vehicles was educated at Gordon College, The not result on the last year,
the Eot exceeding 150 cc. capacity Khartoum, and his father is however, said Mr. Snowden, was a
statement in a customer's passbook surplus applicable to debt roduc- the probability of a further do- of 30/-, as at prosent.
He must, therefore, he said, face should be limited to 16/. instead well-known supporter of Britain. point, Mr. Potter said that
Reuter.
was prima facia évidence against tion of £43,600,000, and apart from cling in the Customs and Excise
the bank, but, if an error was made,” that there was a sum of £9,000,000 Revenue, which he estimated at
ITALIAN EXPORTS TO they were entitled to bring evi- received as the proceeds of the $228,000,000, a drop of nearly
dence to disprove it. That was RUSSIA. German Mobilisation Loan, which
the position in the present case. had also been attributed to debt
There was no onus on plaintif to NEW AGREEMENT SIGNED reduction outside the Budget.
prove payments In, and the bank YESTERDAY, '; In reality, there was a surplus
could not achieve anything by mere. Rome, Apr. 27, ly making a reversal of entries, but
they could up came oporative riot, however, this sigued betwas malt has been mistake and Briar chance to year-would be at the rate of a prociding for Italian exports to prove it. The onus was therefore,
*[*/(Contínued on Pare,.7); Russia this year valued at 850,4 on them to comments the par
1000,000 lire Routerings tothey wished to hold plai
200,000 inhabitants of the island, in connexion with the Soviet's five: after adjustment with the Sinking that better things were in store, connected with debt conver, the corridor of a train outside the In view of in which was'
£23,270,000.
and scized for this purpose three year plan of Industrial develop Fund, the total short-full was Portuguese steamers to trade with mont-Reuters England.
All the local authorities were replaced by
the
Military
HEADQUARTERS.
Government. The garrison, with NAZI CHIEF TAKEN AT the approval of the clvit popula- tion, overthrow the Civil Governor, and demanded the re-establish
Inid ment of public liberty, as down in the Republican Constitu- tion.
It also demanded the abolition of exile without trial, or 11-
treatment of political prisoners,
ESCORTED TO BERLIN BY DETECTIVE.
Berlin, Apr. 27. Herr Goebbels, the leader of the and of the censorship, and urged Naxis of Berlin, has been arrested
at Munich (Hitler's headquarters) of income over expenditure, and
"It Bays much for the soundness
the return to free elections for contempt of court owing to hie
Among the leaders of the prove ment, are numbers of Portuguese failure to attend the trial of cer of the national financial position Army of a glowers decorated lain libel actions in Berlin.
that after a year of unparallelled
boneft.
Customs Decline.
Land Tax.
Mr. Snowdan appealed for co
von And a half millions on inst operation and the elimination of
year's 'rovonue,
He has left for Berlin accom- financial depression we have not
-only-been able to pay our way, but....... aggyged panied by a detective.Reuter,
unnecessary expenditure, in order The consumption of alcoholle to avoid additional heavy taxation. iquors fell last year and he had He proceeded to announce the catimated for a further fail in Initiation of a scheme of taxation revenue this year.
of land which to be of fall seemed permanent fenancy and froes the point of view of the nation's
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A agreement
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