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THE JONES FAMILY

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SLIM SUMMERVILLE

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JED PROUTY - SHIRLEY DEANE - SPRING BYINGTON RUSSELL CLEASON - KENNETH HOWELL - GEORGE ERNEST A 20th Century Fox Picture TO-MORROW

ROSALIND RUSSELL—JOHN BOLES in the Pulitzer Prize Play.

"CRAIG'S WIFE”

A Columbia Picture

HANKOW

ISTARE

FRI.

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DAILY

230 & 70 220-9.30

TO-DAY & TO-MORROW

KOWLOON

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THE "NELL GWYN" STARS TOGETHER AGAIN

ANNA NEAGLE

CEDRIC HARDWICKE PEG of OLD DRURY

DIRECTED BY, HERDERT WILCOX

THEATRE HERE

SONTERN

A PRETINI AND DOMINIOSS PRODUCTION CRY

LILIAN HARVEY in CARL von WEBER'S "INVITATION to the WALTZ”

MAJESTIC

THEATRE

THE HONGKONG TELEGRAPH. WEDNESDAY,

HOUSE PASSES PROFITS TAX TO PAY

FOR ARMS

Chamberlain Endeavours

Avoid Injustices

London, Apr. 27. - The House of Commons to-day agreed to the Budget resolution authorising the imposition of the National Defence Contribution, otherwise known as the Growth of Profits Tax.

Mr. Neville Chamberlain, Chancellor of the Exchequer, said he was convinced the outlined scheme was right and he had no intention of withdrawing his proposals, in spite of the opposition from members on his own side of the House.

That part of the proposals not yet formulated was sufficiently important to justify him in saying that no accurate or sufficient judgment could be formed upon it until the House and country had fuller information. He regarded the proposal as mild and moderate and did not think it would impose an intolerable burden on industry,

Mr. Chamberlain said he consl- į on_Industry, dered the suggested estimate of a In a reference to the anticipated yleld from the tax totalling from effects of defence expenditure on ex- £50,000,000 to £250,000,000 as fun- pansion of Industry, Mr. Chamberlain

es.

matter, we

not DIC

to

tastic, and intimated he Wils pre- said exceptional expenditure would pared to reconsider the profits have an end. It was not unlimited. standard, basing it on the average "If one is to talk seriously about this profits from 1933 to 1935.

secking Mr. Chamberlain was fully aware dominate the world. We are seeking of the

the very great

anxiety in many only to make ourselves and our and the disturbance to Empire communications safe. There

But he considered these fore, i feel justled is saying we are disturbances very exaggerated and not faced here with an unlimited or based on insufficient. information.

indefinite amount of expenditure. More Importance

was attached

to There Is a limit to it and there is these things than they, deserved. It therefore a limit to the amount we was only necessary to observe, he have got to ruise." said, what was going on in other countries where no National Defence Contribution existed, to realise that a number of events coincided

the render the markets of

world peculiarly sensitive at present,

to

APRIL 28, 1937.

Armed Men Raid Boat

Woman Climbs Mast For Safety

An armed robbery, in which #ix men armed with revolvers mode off with $130 in money and $145 worth of jewellery, was reported to the police lust night.

Cheung Lum, 32-year-old married woman, stated that she was on her Junk No. 28

-28 ILC. in Cheung Chau harbour,

rat 9.30 p.m. yesterday when robbers attacked her boat.

At the time, she was by her cabin son, while the with her six-year-old maid, the only other occupant of the Junk, was in the hold at the stern of

the boat. She saw three men on the One of the men replied and a lashed a torch into the enbin she saw that he held a revolver, She im- mediately closed the cabin door and getting out through the trap door of the cabin ran along to the mast of the ship and climbed up it. One of the robbers tried to stop her but

deck and shouted out "who are you?"

was unsuccessful.

ALHAMBRA

NATHAN 60. HOWLOON "OBILYAT 1998

FINAL SHOWINGS TO-DAY THE STORY OF THE GREAT STRUGGLE FOR FREEDOM OF THE SWISS PEOPLE AND THEIR HERO,-

THE MASTER-BOWMAN

CONRAD VIEDT

.G

HANS MARR

in

WILLIAM TELL”

supported by hundreds Directed by HEINZ PAUL A TERRA FILM

Prosented by

From her

her position Cheung began calling out "Save life!" and in doing TOMORROW

so saw one of the robbers coming out of her husband's concubine's cabin, currying a leather box. The three men then got on to a Hollo type junk lying alongside her own, and made off towards North Point. There were three other armed men

Coming down from her point of Cheung Immediately went refuge, about finding the extent of her loss.

in the junk.

and learned that $130 In money was gone, one pair of gold bangles worth $100, two gold rings worth $20 and gold hairpin worth $25. Clothes to the total value of $30 were also missing.

TREE-CUTTER SENTENCED

HEAVÝ PENALTY

IMPOSED

-

cutter with previous convictions, Li Described as a professional tree

Ling, aged 34, was heavily sentenced The Chancellor reviewed some of when he was brought before Mr. K. errors which had been made in Keen at the Central Magistracy this the Press and elsewhere in 10

appre-morning, charged with being in pos- hension of his proposal. He was now session of 47 catties of tree weed, obtaining the information he required Sergeant Sullivan said Li was ar- before he

could state how the rested in Pokfulum Road yesterday. difficulties which had been urged Defendant acrved six weeks' Impri- would be met. He was receiving sopment in March for a similar

Willing To Reconsider Referring back

the profits standard, based on average profits over a period of three years past, the Chancellor said he was quite pre pared to reconsider his selection of the years 1933 to 1935, either by way of a choice being given to the taxpayer as between different years, to those or by adding other years suggested. There might even be n combination of both schemes.

NATHAN .ROAD KOWLOON TEL.57272

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A First National Picture

TO-MORROW AND FRIDAY

JEAN ARTHUR AND JOEL MacCREA. "ADVENTURE in MANHATTAN’

A Columbia Pictura

"

Mr. Chamberlain intimated that he would provide for the variation of the rate of interest which would

relation Deregulated In

standard. He explained that capital stan

the Defence of

mean shore

capital, for purpos

Contribution,

to

the

capital but a computed figure repre- senting assets, subject to ecrialn adjustments. It will

be

recalled

that the Growth of Profits Tax may be levelled elther on profits or on the_capital of the company.

Preventing Injustice

He was now obtaining information į. and was in personal contact with persons of great Snancial and in- dustrial experience, said Mr. Cham- berlain. He had also received com-

of

munications from a number Important bodies, such as the Asso- Chambers of Commerce and clated the Chamber of Shipping, while the Federation of Bri

British In

Industries

was collecting a large body of informa Mon. He would examine their pro- posals with greatest sympathy,, Chancellor declared, and would do his best in the light of what they told him to meet all difculties and prevent inequalities and Injustice..

the

Finally, he added, he would make his decision as soon むち possible.- Reuter.

Critics Answered

London, Apr. 27. The Chancellor of the Exchequer,

spoke in the House of Commons to- night on the Budget resolution re-

comments of the financial and in offence. dustrial worlds and we would study all this data in a most sympathetic mammer-British Wireless,

In the

Pleading guilty, Li was sentenced to a fine of $250 or, if unable to pay, to serve three months' hard labour,

GRILL ROOM

- HONGKONG HOTEL TO-NIGHT

TO-MORROW & FRIDAY

Dinner

WITH

Dance

SZITA and ANIS

Also on Saturday, May 1 Special Dinner Dance

till 2 a.m.

IN THE ROOF GARDEN

FOR RESERVATIONS, PHONE 30281

lating to the proposed National De-THE HONGKONG & SHANGHAI HOTELS, LTD. fence Contribution. He scouted the claim of the Opposition that the pro- posal

Was

the main cause of the falls

of industrials and other ordinary shares on the London Stock Ex- change,

and reminded the House that Continental bourses

likewise

the

were

disturbed, where no such proposal in question, but admitted that was in

. une uncertainty regarding the new tax was an element in the London

depressed

condition. He the explanation of

the vagueness of the scheme, that the necessity of Budget secrecy prevented his obtaining the advice he desired

eldre completing details.

before

Mr. Chamberlain expressed

prise at

would

the

extent of

sur-

the

he

it had весл suggested

be done by what

regarded 1.9 a mild and moderate pro-

claiming

that the

posal, and, Treasury was in a reasonably good position to estimate the effects of the proposed taxation, recalled that he was not expecting a higher yield thun between 20 and 23 million in the financial year 1938-1939. Surely that was not an Intolerable burden'

WOODRING APPOINTED

Washington, Apr. 27, President Roosevelt has sent to the Senate the nomination of Mr. Harry Woodring as permanent Secretary for War, to succeed the late Mr. George Dern, Mr. Woodring was formerly Assistant Secretary- United Press.

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Printed and Published for the Proprietors by BENJAMIN WYLCH, at 1 and 3, Wyndham Street in the City of Victoria, Hongkong.

A Columbia Picture

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