THE HONGKONG TELEGRAPH.
WEDNESDAY, JULY 21, 1937.
Chancellor Explains Profits Tax
SIMPLICITY · THE
KEY-NOTE
(By PERCY CATER)
Westminster, Junė 28.
NIR JOHN SIMON, Chancellor of the Exchequer, with general Conservative support and a thin audience of critics who, in any case, were hard up for arguments, found it easy to pilot the new National Defence Contribu-: tion through the House of Commons to-night.
Sir John, near whom sat the Prime Minister, original author of the tax Idea, was bland, confident, bright in explaining the proposals to the House.
He reminded M.P.s of the "generous terms" in which trade and industry had offered their assurance that if the former tax] were simplified and imposed on profits and not on profit-growth, and did not involve complicated calculations of capital, it would be cheerfully accepted.
"That is a very unusual position," he said gaily, “and 1 feel almost as though I were engaged in collecting a voluntary contribution,”
summed up the City's feelings by re-
As though threatening to most would be that the tax was come round with the hat on the rearonble as an emeregency measure. instant, he added, with a cate caller it "rough justice." and loquial humour quite out of his calling the gulfer who said to his usual style, that "all contribu-partner, "Nune uf your science. tions would be thankfully re-Just bung it in." ceived."
STOCKBROKERS TO PAY
Sir John seemed unable to stress enough that the keynote of the tax is simplicity." He almost spread the illusion that, with such a simple tax, it would be a pleasure to pay.
Here are some of the details with which
elaborated the he Paper:
White
Mr. Clement Davies (LID. Nat., Montgomery), a foremost critic of the (original proposals, congratulated the Cluncellor on having introduced the
simple, straightforward which industry had asked," Industry most now full its promise and And the money.
fax
for
Second in line for the throne of Norway, here is Prince Harald, only son of Crown Prince Olaf and Crown The plc- Cul. Colville, Financial Secretary to Princess Martha, shown in his mother's arms. the Treasury, said the fact that in- ture, taken at Oslo, is the first of the young prince since tax would be imposed on profits, dustry had accepted the tax was due his baptism. The boy's mother is a niece of Klug Gustaf of trade or business in this country to realisation of the paramount of Sweden. Harald was born at Skangam on Feb, 21. whether of a foreign or an English need company.
The
It was just to impose the tax both on companies and on firms or indi- viduals carrying on trade or industry, because firms all over the country were in competition with companies. There were large partnership firms
banker, for instance- --privato competing with limited
companies.
Sir John announced, "so as to avoid either fears or hope that stock- brokers, stockjobbers, and insurance; brokers would be insluded, whereas other professional excluded.
for defence o which this country was united.
In helicved that industry In this country was in for a further perfod of Intense activity, and that being se the tax would not be too grievous a burden,
The House heartily endorsed the tax by carrying the inancial resolu lion by 231 votes to 18.
inen would be NEW MEDICAL
In the case of director-controlled CURRICULUM
companies, where it would be pos- sible for the directors' remuneration completely profit available for the tax, there would be two formulas one that not more than
percentage of profts should be deducted for re- imuneration, and the other Axing a sum which could not be exceeded. The rellef for small businesses (proposed in the original tax) would be continued. This provided that no tax should be paid on proûts of un-¦ der £2,000, For profits between! £2,000 and £12,000 there would be a tapering of the burden, thus:
Profit
Tax Prit
drain the pool of
TOO LONG
Sir E. Graham-Little's Protest
TOO MUCH SPECIAL WORK
Women in Gem Smuggling
Plot
New York, July 1.
Housewives, shopgirls, school teachers, and actresses played a prominent part in a diamond smuggling racket, stated to have netted £2,600,000 in seven years, according to an indictment brought before the Fede- ral Grand Jury to-day.
Fifty-five persons are named in the in- dictment, and Treasury officials are exul- ting.
We've got our foot on the neck of the biggest gem-smuggling ring in the world," they
suy.
The operations of the gang are anid to have been conducted between Paris, Brussels, and London and New York.
MONTHLY JOURNEYS
Women, chosen for their guileless appearance, acted as carriers for a small band of "merchant conspirators."
They travelled across the Atlantic cach month, carrying small consignments of gems. Sometimes, it is stated, they would pay the duty on a small package, to allay sus- picion.
Many of those suspected are alleged to French and Belgian be fugitives from the authorities, and applications have been made for their extradition.
OFFICIAL DENIAL
RUMOURS: DARTMOOR
Sir Samuel Hoare, Home Secretary, in a letter to Mr.
Complaints Of Stage Jokes
LORD CHAMBERLAIN'S CONFERENCE
Complaints that certain D. N. Pritt, K.C., who had two questions on the order paper cabaret and theatrical enter- dealing with prison affairs, denies all the statements and tainers had used the Coronation implications in the questions.
celebrations as an excuse for in-
Mr. Pritt was unable to be in the House to put his dulging in offensive jokes and questions, one of which asked whether "the system called stage acts were responsible for 'knock,' whereby prisoners undergoing punishment are the convening of a meeting at awakened at short intervals throughout the night, is, or under the chairmanship of the St. James's Palace, recently, has been recently, in operation at Dartmoor."
Lord Chamberlain, Lord Cromer,
In an official statement issued from
Protests against the length ef the proposed new medical curri-, The other related to a prisoner who was certified insane and culam and against its failure to asked whether his arm became crippled as a result of an attack Buckingham Palace later, it was an- provide the minimal needs for upon him by a prison officer at Dartmoor and whether his insanitynounced that "the object of the meet- general practitioners are made was due in any part to his treatment at Dartmoor.
Tax
Ꮖ
£
L
3,000
60 8,000
360
4,000
-120 9,000
420
5,000
180 10,000
480
by Sir Ernest Graham-Little!
6,000
240 11,000
540
7,000
300 12,000
600
M.P. for London University. in The
CASE OF BUILDING SOCIETIES
"TH WORRIED ABOUT WINNIS, NURSE. SHE FRETS FROM
MORNING TILL NIGHT, WHAT DO YOU ADVISE?
Lancet,
State, is, according to Sir Ernest, creating a very diffeult positiun.
7,500-MILE
Durimour. AIR DASH TC statements SAVE SIGHT
Southampton, June 15.
ing was to bring to the notice of the representatives of those associations responsible for the stage, musie hall. and cabaret, certain aspects of pubile entertainment which have recently been the subject of criticism, and the consequent desirability for more con- certed action in the matter."
The Morning Post was informed by 14 prominent mutinger who Wis present, that it was a friendly round- al which an ex-
SOURCE OF STORY WANTED Sir Samuel' letter to Mr. Pritti current issue of Theisays: "I am sorry you were not in your pince this afternoon to put to Building societies must be re- Ile maintains that academic years me your questions about garded as investment trust com- have been turned into calendar years As you will see, my answers are a panies.
for the last three years of the curri-complete denial of the Sir Alan Anderson (C., City of London) said he thought the view ofculum, thereby adding nine months to and implications in your questions.
the student's studies the expense of "As regards the alleged wakening this, both to the individual and the of prisoners undergoing punishment A DASH of 7,500 miles by air table conference
jat intervals throughout the night, I from South Africa to Eng-change of views between the Lord should be much obliged, if you and at land may save the sight of Chamberlain, representatives of the He further maintains that the new possible, to respond to my suggestion four-year-old boy who arrived at London County Council, and Weat resolution dealing with preventive that you should make
known the Southampton this afternoon in End entertainment leaders took place. mardicine is as nebulous as one passed source of this story, and as regards the Imperial Airways Empire "MOSTLY TRIVIAL" by the General Medical Council in your other question you may ike to flying-bout Centurion.
"Odd complaints of sluge and 1922, und that the new additions pro-have the following Information ini posed to the list of subjects studied amplification of my answer.
Mrs. A. Wilson, of Durban, being brought to the notice of the cabaret presentations are constantly are disastrous in view of the over-
accompanied her son on the authorities," he said. "Mostly they leding already present.
"On April 1, 1936, the convict was! flight from Durban. He is are of a trivial character. It may be and suffering from meningitis. Aa word here, or a gesture there, that prison Johannesburg specialist advised gives offence to one person out of
a delicate brain operation as the the audience. only hope of saving the boy's! sight and possibly his life.
"Why, the poor little thing is consti- pated. No wonder she's fretful. That
is the chief thing a mother has to guard against, Mrs. Grant.
**Kiddies don't understand; they're 30 absorbed in their games, and often neglect Nature's call. Then they get bitious, lose their appetite and be- come irritable.
"Show me your tongue, Winnic. Yes, it is coateda kure sign she's out of sorts, All she needs is Cali- Jornia Syrup of Figy, and she'll be as happy as a lark in the morning.
"You'll And it keeps the bowels regular, purifies the system and saves stomach upsets and biliousness,
"If children are to thrive and grow strong and keen witted, they must eat well and digest what they eat. There's no better way than the regu Jar weekly dose of California Syrup of Figs. All children love it.
"If I were you, 1 would send for a bottle now and give Winnie a dose at
once
"Be sure you insist on ‘California Syrup of Figs,' Mrs. Grant. I am sup prised that some mothers are ready to experiment with cheap and drastie preparations. It's such a pity they don't realize that 'Califorin Syrup of Figs' is a perfectly safe children's laxative. I know myself how carefully and scientifically it is prepared."
"California Syrup of Figs"
NANDY OWN AREATIVE.
reported for using violent
lunguze To a
INJURED HIMSELF
Sir Ernest continues: "The revision threatening of the medical curriculum has been lomeer. conducted by bodies in which thej general practitioner has either notį
"Pending investigation of the been represented at all, as in the case charge. he was removed to of the conference. or by small separate hall in the prison and while minority, as in the case of the General he was being searched there he broke Medical Council. The passing of the loway, kicked one of the officers in National Health Insurance Act estab- the stomach, snatched his stave from
shed the general praelitioner once his pocket and climbed up the girders it famous surgeon In Edinburgh. reason might have encouraged certain and for all as the most important unit
Lord Cromer and the LC.C., how- ever, clearly cannol diregard any performed before June 24, and heat the recent mueting was that in u The operation, he said, must br complaints, and the only suggestion recommended as the best man to do few isolated cuses the Coronation Mrs. Wilson immediately booked artists to exceed the limils of good passages for herself and her son in taste. leasmuch as the service given by the "He then sinnshed the glass in an air liner which left Durban six
"After a mosi friendly discussion it Act was expressly defined us several roof lights from the Inside, days ago. At Alexandria they trans- was agreed to ask licensees to co- *general practitioner service.
and when one of the officers climbed ferred to the dylug boat Centurion, operate in seeing that there is no ex- "By the operation of the same Act, on the outside of the roof the one train for London, en route for Edini-
On arrival here mother and son took tension of any such practices." points out, standard is accorded of through a hole in the glass. It was
in the medical service of this country, supporting the roof.
At the meeting were representatives
councils and County
municipal cor-
as Sir Kaye Le Fleming pertinently viet tried to strike him with the stave burgh, where arrangements have the range of a general practitioner's in doing this that he cut his arm on been made for an immediate opera-porations responsible for the licensing
Samuel
tion.
of entertainment in their areas, West glass which tulles'; that standard does not en- the broken edge of the
End. theatre managers, provincial visage any specialist experience. The lie biniself had smashed." production of an efficient general
though he was still unft to leave managers, cinema exhibitors, produc- practitioner should therefore be the In his written reply to Mr. Pritt in Broadmoor Asylum.
tion managers, and hotel and restour- principal aim of medical education." the House recently, Sir
Mr. Pritt repiled to Sir Samuel)ant managers. Hoare said that he presumed the Honre's letter,
he felt he According to the offelal statement, EVERYDAY EMERGENCIES -- case referred to was that of it should not make public his reply agreement was reached that every an effort would be made to cradleate It is urged that time can only be pelsoner named A. H. Jackson, whose until Sir Samuel had first had
any undesirable elements." found for the proper teaching of mental condition had improved, al opportunity of reading it. clinical subjects
to future general
Ipractitioners by less attention to
specialised detall. It is more im; portant to let the student acquire a general scientifle outlook, familiaris- ing himself with the everyday emery- cncles of the so-called specialities, but Icaving systematic Instruction there for post-graduate study.
in
Sir Ernest concludes: 'Can the present position be viewed with any- thing but anxiety by those who are convinced that the minimal curri- eulum for qualification should be designed first of all to meet the needs of the xeneral practitioner, and that the effort to produce a general specialist,* - which in itself is a con- tradiction in terms, should be finally abandoned?"
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