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The
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preme Court
Hongkong Telegraph.
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You need.
The SECURITY and
DURABILITY
of
DUNLOP FORT 90'
FOUNDED 1861
X. 1610H
三拜體 號一廿月四英港香
WEDNESDAY, APRIL 21,
1937. 日一十月三
NO CAUSE FOR
ALARM
ARMAMENTS
THE
BURDEN
CAUSES DEFICIT
But Britain
Britain Will Not Wilt
Under Strain, Chancellor
Assures
Parliament
LABOUR CHEERS NEW TAXATION
ON NATION'S PROFITS
LONDON, APR. 20.
THERE WAS NO DANGER OF BRITAIN WILTING UNDER
OF STRAIN
HER GREAT BURDEN OF ARMAMENTS EXPANSION, DECLARED THE CHANCELLOR OF THE EXCHEQUER IN THE HOUSE OF COMMONS TO-DAY. THE ONLY THING WHICH COULD PREVENT A CONTINUED EXPANSION. OF RE- VENUE WAS A WORLD CATASTROPHE IN WHICH THE NATION BECAME INVOLVED; OR A RECKLESS EXPENDITURE UPON NON-ESSENTIALS, HE WARNED A PACKED HOUSE.
But for the vast increase in British armament expenditure the country would have had a substantial surplus instead of a deficit of £5,597,000 in the present Budget, Mr. Chamberlain revealed. The deficit includes £13,000,000 for debt redemption. Total expenditure was £862,848,000, he said.
He referred to the buoyant revenues; which were a product of expanding trade, and announced the Govern- ment was arriving at a new trade agreement with Canada. Resolutions would be introduced applying the terms of the Ottawa Agreement to the new agreement, revising preferential duties on stockings.
certain Empire-produced silk
The Chancellor announced a new Growth of Profits Tax, which is nying more than an excess profits tat/ applicable to all persons engaged in industry, trade-or-business-whose profits exceeded £2,000 a year. The extra three pence in the Income Tax, he said, would produce £13,000,000, reducing the deficit to under £2
000,000.
He concentrated on an explanation of the new Growth of Profits Tax, which is extremely complicated, varying from one-fifth to one-third growth of profits. Losses for the past four
years would be taken into account.
Mr. Chamberlain described the tax)
Government Ranks Torn By Budget
Profits Tax Called Unjust, Arbitrary
as it special measure, a to Much Sympathy
contribution towards national de-
20
fence. He estimated it would pro- duce £2,000,000 this year and £20,- 000,000 to £25,000,000 in a full year. basis of the tax would be either The netual profits for certain specified years or a percentage of the capital
For Chamberlain
London, Apr. 21.
It is ironical that in the chorus
PIRATES CONTINUE ATTACKS
Copper And Wolfram
Stolen By Gang Vessel Seized In Hongkong Waters
Mr. Neville Chamberlain, who prosented his last Budget yesterday, revealed that armaments expenditure had created a defickt, but aided that Britain would not will under the burden.
Loyalists Ready For Sacrifice
Control Scheme Is Bitterly Assailed.
BRITISH OFFER FRIENDLY HAND
TO OLD ALLIES
MAY AID JAPAN TO SECURE READJUSTMENT OF HER CHINESE RELATIONS
Tokyo, Apr. 21,
The Nichi Nichi declares that Britain recently informally notified the Japanese Government of its desire to effect Anglo-Japanese co-operation by reaching
an understanding between the two countries in China. Due to Britain's initiative in the matter, diplomatic negotiations concerning Anglo-Japanese co-operation in China are about to
commence, primarily for the restoration of the normal enforcement of the Chinese Maritime Customs system on the basis of stabilisation of Sino-Japanese relations.
Urges U.S. To Summon Conference
Redistribution Of Gold Essential United States Has Too Much Already
Washington, Apr. 20. Representative Martin Dles is urg- ing resolution upon the House re- questing President Roosevelt to call
international monetary
tint
ference.
The Nicht Nichi states, that at o conference between three Ministers yesterday afternoon,
STARS WITH B.B.C.
Miss Alleen Hynes
LOCAL GIRL. WILL STAR WITH BBC
Alleen Hynes Playing In "Quaker Girl"
the Foreign Showed Talent At
School Here*.
Minister emphasised the necessity of ameliorating Japanese-Soviet rein- tions. the urgency for adjustment of
relations,
and the nepanese
of securing the support Biz endeavouring to effect
of
By "FIRST NIGHT"
- Japanese co-operation in A Hongkong git) has been chosen China, which is vital for Japan's ad- by the B.B.C. to play the leading role justments of Sino-Japanese relations. in the radio adaptation of "The
At the conference, the Navy Minis-Quaker Girl."
"Unfriendly Move"
Tokyo, Apr. 21.
first
the
BBC.
ter and the War Minister concurred She is Miss Allcen llynes, daughter in the views expressed, and promised of the former Superintendent of Mails support in the enforcement of Mr.In Hongkong. Miss Hynes made her Salo's policy.--Reuter.
broadcast over
An National network this morning. electrical recording will be broadcast between 3.40 and 4.40 3.m. to-night.
Alleen, who is the second daughter It is learned that the Foreign of Mr. and Mrs. T. Hynes, now in Once ins instructed the acting England, was born in New Zealand, Consul-General in Shanghai to pro-coming to this Colony with her parents test, to the Shanghai Municipal many years ago. Council and the Greater Shanghai
She was educated at the Central Municipality regarding the Municipal British School, where shc showed con-Council's transfer of taxation rights extraordinary talent in schoot plays.
"Between the Soup and the which was staged at the CBS. Christmas Party in the Penin-
Shortly ofter this party, Miss Hynes and, In September, 1932, ພາ wher she was 17 years old, entered the competition for the Marianne Rowe Scholarship at the loyal College of Music in London. This competition sopranos "and" "mezzo- was open to sopranos between the ages of 17 and. 22 years.
ile claims they should determine in the extension areas to the Greater One of her roles was that of the mald
Shanghai Municipality without the in the play
Government's previous Savoury,"
a definito ratio of exchange between various countries and plan the re-
-distribution-of-gokl_accumulated inpage.
con-
The third piracy in Hongkeng | -wuters-during-the-present-month-wna| reported to Police Headquarters this
the United States. He advocates a This-is-termed "an extremely un-suin-Hatel-in-1930- morning.
Valencia, Apr. 21.
return to the gold standard, mean-friendly move,"
The agreement effecting the trans- left for Home The victim
Hon was
Mak, 21-
while averting the serious year-old owner-master of junk No
Loyalists are showing open onger
sequences of a continued flow of gold fer was signed by Mr. Stirling Fessenden, Director-General of the international 141.
to the United States. stilp was seized off Takon; and suspicion of the
Shanghai Municipality, and Mr. O. K. control plan, and the feelings of the To the United Press, Mr. Dles as- Point, Tangmung Island.
Five pirates, having the appear Government are reflected in the serted a conference was necessary to ul, Chier Secretary of the Greater anee of Hakka men, made the cap-orders of the Ministries of Marine stabilise currencies, His measure, he Shanghai Municipality, on April 13. and Air the battle feet und ale said, represents his personal view ure. They suddenly ran their sleek- force 10 protect friendly shipping that gold is flowing too rapidly and lined ship alongside the Hongkong within territorial waters and to be
should the country. The completely taking the occupants particularly vigilant in the zones agree, he holds, upon a fixed policy by surprise.
Administra- where Germans and Italians were on of redistribution. The Two of the pirates were armed)
patrol.
tion had not initiated his resolution, he added, nor had he consulted the Treasury upon. it.
juank,
with revolvers, the remains crew
being armed with daggers. The
of the junk were forced below deck
The orders ante that fighting ser- vices must not hesitate to make the
while the pirates systemically voted sircessary "sucrifices."
the shin, carrying away a cargo of Chinese copper money and wolfram ore, valued at $1,516.
A feature of the piracy was the
PRICE
powers
employed, amounting to six per cent. of applause, or at least the resignu- extraordinary speed of the pirates and officials call the control scheme present situation is critical.
in the case of companies and eight per cent. In the case of individuals and private firms.
No More Taxation There would be no further new taxation, Mr. Chamberlain gald, with a surplus of £250,000 in sight.
Among minor adjustments to the Budget, the Chancellor announced the abolition of the Servant's Tax, dating from the
hteenth cen-
tion, with which Mr. Neville Cham-vessel. berlain's Budget proposals are re- ceived, the one great surprise, the Increased profits tax, is kladlier received by the Opposition then by. the Government side, both in the lobbles and the press.
A definite minority of Ministerial supporters are undisguisedly hostile.
Labourites Whereas
and Liberals regard I as a Socialist proposal which would have been vehemently
clulist Government.
tury and the abolition of one-man denounced if Introduced by a.So- companies for purposes of
of evading the income tax. Abolition of so. called share-washing" for similar Dissentients argue that the men- reasons has also been stopped. sure is most complicated, unjust and Having commenced to speak at arbitrary, and will inevitably tend 3.44 p.m., the Chancellor concluded to be passed on, thus increasing at 5.19 p.m.
prices.
10 KILLED IN BILBAO AIR RAID
Insurgents Cut Off At Teruel
Bilbao, Apr 20. An air raid by Insurgent planes. this morning resulted in the deaths
It is
-Reuter.
Philippines Preference
#
Although the youngest competitor, Miss Hynes was adjudicated an easy winner. The scholarship carried three years' training at the College, but at the end of the period the Counell was so pleased with her progress that she was awarded an exieñsion of one year.
was
STAGE EXPERIENCE
Two years ago Miss Hynes chosen to 'All a role in a West End play,
enlied "Libel," which was pro- duced at the Haymarket Theatre, London.
She
subsequently made several gramophone records, some of which have occasionally been broad- cast from ZBW.
The contract with the BBC. is.a
SATISFACTORY
To Continue He had no wish to lower the price "What Loyalists believe the plan really
of gold, Mr. Dies went on.
de- constitutes an Intervention by the
we need is redistribution, not
processes. I think the
Americans Approve nations on behalf of the Insurgents, nationary "a new phase
Liberal Policy of the travesty of allly of us to store our gold. under- non-intervention."
They charge gro
ground in vaults when the problem Germany and Italy are left free to is to encourage distribution and use.
Washington, Apr, 20. continue" espionage and aggression "As we cease to use our stabilisa-
The United Press learned fa-day in in the sections assigned to them."
tion fund to buy gold for currency authoritative quarters that the State
of line United Press.
our currency will fall out
become Department envisages a prolonged conditions with others as more unsettled in Europe, and much period of Philippine-American pre- culminating triumph, as it presages re- of the gold in the world will find event of complete Independence being organisation in the world.
ferential trade relations even in the Lular appearances in front of the microphone of the greatest broadcast- Mak Sik, 25, unemployed, who was its way to the United States caus-ve
in 1038 or This is Jonah Daily Express Bar- charged before Mr. K. Keen at the ing an unhealthy situation because ing granted the islands
1039. Although State Department rington's comment on Alleen's debut Central Magistracy, this
much officials" are most secretive, on ac- at the B.B.C. Alleen Hynes leaves with the larceny of a gold car-ring If this process continues. from Chung Sze, 06, a widow, in longer we will get $5 per cent. of all count of possible political reper-rickshaws, rice and the social round of Queen's Road Central on April 18, the gold in the world and the danger cussions. It is understood it is Intend- Hongkong to seek fame in England. appeared on remand this morn- would be that others would abandoned to continue. ing and was sentenced to Ave the use of gold." months' imprisonment and 12 strokes of the cane. Detective Sergeant Car ruthers prosecuted.
morning this is a creditor country..
Quiet prevailed on the land fronts, STOP PRESS
The opposition is not so large as of ten persons and the wounding of Labour Cheers Tax
to threaten a retreat by the Chan several more.. Details of the new Growth of Profits cellor, particularly ON numerous Tax were received by loud Labour Conservatives agree that the Gov-
however. cheering. It was explained the prin- ernment is entitled
The Government forces claim to ciple would be the same whether the share of profits its policy is creating.
the tax con-have advanced against the Insurgents capital standard or profit standard Moreover, they say were adopted. Actunt rates would stitutes Insurance against industrial in the Teruel sector,--Reuter.
to six per cent. where there unrest arising from the belief that
be
up
was
who
the
to
ask for
TERUEL ISOLATED
CHIANG KAI-SHEK IN HOSPITAL
Marshal
REBELS ALLIES
after independence
relation- She
She bearded John Watts, demanded ship
for a period audition. Watts shrugged shoulders not less than that contemplated for til he heard her. Then he leapt for the pre-independence. period, and the contract form and a pen. Alleen, preferably considerably longer, starting from scratch, is the star of These intentions are most signi- "Quaicer Girl." Incidentally, BBC. ficant, since the official press com- will probably broadcast "Quaker Girl" muniques have heretofore emphasised in Empire Transmissions towards end the United States intention to ter- of this month. minate the preferences after the necessary period of adjustment.
URGES GOLD PAYMENTS Mr. Dies suggested that as an aid to distribution, the United States should buy certain non-competitive products on the understanding that payment, would be made in gold and silver. Such a plan would be link- ed with a monetary agreement. by which nations would back their cur-
High officials of the State Depart- rencies with gold,
Simultaneously with the announcement feel if the United States is un- the duly rigorous in curtailing the Philip- ment of Mr. Martin Dles, House of Representatives, President pines sheltered market here the pro- Roosevelt and Mr. Cordell Hull shift bable result would be
in
social and
islands'
Strikers Talk
Of Quitting
May Return To Work Pending Settlement
Oshawa, Apr. 20.
no growth profit, between 0 and rearmament is accompanied by pro-
Shanghai, Apr. 21. ed the burden of responsibility for economie international complications 10 per cent. on one-fifth of growth Ateering.
The Spanish Press Agency in a
conference back to in the islands, Jeopardising the has calling such a announces the
Chiang Kai-shek profits, between 10 and 15 per cent.
Running through the press com- communique to-day
should on one-quarter of growth profits and
American dicated that American leadership sho
policy cripple over 15 per cent, on one-third growth ments can be found sympathy for Government has captured Celedas, been sent to hospital for treatment Europe, Mr. Hull has repeatedly in-depence programme. It is felt that cutting the communications between for his spine injuries received at the
the inevitable result would be Oriental political re- towards such a parley would be the Chancellor, who has been de- profits.
the Young Marshal, Chang Hsuch-mistake unless America first effected the Insurgents at Teruel-Reuter. At his conclusion Mr. Chamberlain prived, by an accident of history, br Teruel and Saragossa and isolating time of his captivity at the hands of
opinion regional agreements. However, Mr. percussions. Consequently Hang-United Press. the well-carned Irults of six years
Sumner Welles, Assistant Secretary Inclines towards relatively liberal declared there were some Jeremiah of very successful finance adminis- MADRID SHELLED ACAIN
in-treatment, doubted Britain's ability to carry tration.-Reuter.
of the State Department, has
assuring the aleated the United States is willing economic stability during the early used reports and denials of seitlo vast armament burden without
Any
conference years of independence.-United Press. wilting under the strain. The strain
to participate in MUTINYING
which Europe might call on her own behalf. Biarritz, Apr. 21. A Spanish Government official at
AWARE OF DANGER Bayonne says a large German con-
In a speech to-day, Mr. Welles Vitoria, tingent has mutinied at
declared: "We realise unless Spain, and refused to go into the existing rearmament race is holted national conference, Mr. Cordell Hull Basque lines.
There have been the entire world will experience an expressed his grail@cation and en-ployees will hold a conference, to- demonstrations among Carlist and economic collapse utterly destruc-couragement." He was interested in morrow to decide whether or not to final Monarchist factions at San Sebastian tive to the civilisation we have built any effort at rehabilitation, but he return to woric pending a
up. Thus, we will take our part was Ignorant of any world cons settlement. They will discuss the and three Fascist leaders ore in cus- tody, while troops patrol the streets, and bear our full share of Interference being actually considered, situation with executives of the
company-Reuter it is added-United Press.
national efforts to secure military he said,United Press.
Madrid, Apr. 21. For the ninth consecutivo day Madrid was shelled by long rango, artillery to-day for about three hours, and about 25 were wounded, many seriously-United Press,
had fallen at a time when credit was exceptionally high and revenue ex-
HAIN PROBOBLE and there were only two
whitel might disappoint The anticyclone in the Pacific to a continued expan- the east of Japan continues to de- expectations of a slon: the first, some great world cat crease in intensity and another has astrophe, over which the country had developed over Mongolia. Depres no control
and
which sooner or later slons are situated over Indo-China nvolve her in its vortex; the and the mouth of the Yangtse. Local The Empress of Asia, which was The danger that might arise forecast:-S.E winds, moderate, due here to-morrow from Shanghai, eckless an expenditure upon freshening from NE.; cloudy has been delayed by fog and will not [Continued on Pare 7.). generally, rain later.
arrive until 7 a.m. on Friday.
"EMTRESS” DELATED
and economic disarmament."
When fold
of Mr.
From the tangle of rumours, con-
ment in the Oshawa strike crisis, has emerged anally a fact. A final rettlement is not yet assured, but the George men are prepared to discuss a return
Ceneral
the Lansbury's efforts to secure an inter-to work. Butts Corporation ci-