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T.T. New Yorkgongkong Telegraph' BaktfflzdƑfi Maheshtar mening Poss, Ltd., High_K=T:Wyndham Street, Hongkong
"Low"WHILpY
The
FINAL EDITION
Hongkong Telegraph.
TOUNDED 1881
No. 14210
WEDNESDAY, JULY 24, 1940. 【三拜禮辦四月七英港香
Income Tax UP: Surtax UP:
UP: Tobacco UP:
Beer UP: Estate Duty UP: Wines UP ALL-TIME
BRITAIN'S
HIGH RECORD BUDGET
(SPECIAL TO THE "TELEGRAPH")
LONDON, JULY 23 (UP).—BRITAIN'S SECOND 1940 BUDGET HAS INCREASED
INCOME TAX TO THE ALL-TIME RECORD OF 8s. 6d. IN THE £.
THE INITIAL £165 WILL BE TAXABLE AT THE RATE OF 5s. INSTEAD OF 4s. 3d. SURTAX ON. INCOMES EXCEEDING £2,000 WILL BE INCREASED FROM 1s. 3d. TO 29. THE HIGHEST RATE OF 9s. 6d. SURTAX WILL BE APPLICABLE TO ALL IN- COMES OVER £20,000.
TOBACCO WILL COST ANOTHER 2s. A POUND EXTRA.
Duty on estates over £10,000 will be increased to 10 per cent.
The higher income tax will increase receipts by £60,000,000 this year and £84,000,000 in the next full year. Receipts from income tax and surtax will be £635,000,000 for a full year, which is more than the total revenue from all sources in the years before the 1914-18 war.
GET YOUR MONEY READY
LONDON, July 23 (Reuter).-Sir Kingsley Wood, Chancellor of the Exchequer, began his Budget speech in the House of Commons to-day at 3.20 p.m. G.M.T. to cries from the Opposition benches of "Get Your Money
ULTIMATUM
TO FINNS
Reds Order Complote Demobilisation
BPECIAL TO THE "TELEGRAPHU
Ready."
The Chancellor said that in the April Budget, the total of £2,000,- 000,000 was given with all reserve as a provisional round figure for war expenditure during the current year.
was then ataled that under the present conditions, eny estimate made for so long ahead was bound to be largely in the nature of a guess,
The revised estimated war expendi- ture for the current year was
£2,000,000,000.
The revised estimated excess of ex- penditure over revenue would be in
£40,000,000 A Wook'
- STOCKHOLM, July 23 (UP)-According to reli-the region of £2,200,000,000. able sources in the Swedish capital, Soviet Russia has presented a new ultimatum to Finland, demanding the immediate demobilisation of the Finnish Army.
It is reported that Finland has agreed to the ultimatum. De mobilisation is already in pre- gress.
Several Finnish General Staff officers, including General von Franckel, the Director of Public Safety in Helsingfors, have ar- rived at Stockholm.
FRANCE'S EX-RULERS IN FLIGHT
SPECIAL TO THE "TELEGRAPH
VICHY, July 28, (UP).-M. Daladier, M. Mandel and M. Delbos, who have been impeach
The Agure of £2,000,000,000, estimated in April for war expendi- of ture, represented an average £40,000,000 a week during the year. The rate of expenditure during revent weeks had been £30,000,000,
The latest figures showed that for the, four weeks ended July 20, the role was £57,000,000 a week.
With an increase of £800,000,000
In the climated war expenditure, the total of all expenditure camé
£3,467,000,000.
to
The excess of expenditure thus estimated over revenue would be in the region of £2,200,000,000.
Not So Alarming While the gap between revenue and expenditure was formidable, it
was not so alarming as at first sight might appear. "To meet that part of our expenditure paid overseas, we are able to 'considerable extent to draw upon outside resources in three principal ways.
"Firstly, we can dispose overseas of gold
Is the property of the
Got
and which other nations
are ready to purchase.
"Secondly, we can dispose of securities which the Government has purchased from persons In this country.
"Thirdly, the Dominions and India are not spanding the whole of the proceeds of our large expenditure upon their products but are allowing
ed by the Petain Government, part of them to accumulate in the fled from Bordeaux on June 20 form of balances and other short aboard the steamer Masaila. term investments in this country."
Their' present whereabouts are un known.
Loss Of Citixonship
Large Gap To Fill
:
Another Dramatic Evacuation Development
日十二月六
SINGLE COPY. 10 CENTS
$35.00 PER ANNUM
Im going home to my
PHILCO
MEAL-TIME FOR THE EVACUEE CHILDREN
AMAZING ALLEGATION BY AUSTRALIAN GOVT.
The Chancellor said there was large gop to fill which would require further considerations and continued THE AMAZING allegation that the Hongkong Government has not kept the The Pelain Government has order efforts in the form of increased taxa- ed the withdrawal of French citizen- tion and additional savings and be- Australian Government informed of the evacuees situation, and that cables from ship and the confiscation of all hind this formidable problem there Canberra, the Australian capital, have remained unanswered is contained in a "United fortunes and property of French lay economic problems of funda citizens who have left France since mental importance.
tioned ex-Ministers
May 10.
One consequence of the huge Ex-
which penditure,
the Government This applies to the above-men- was incurring, was that the total money income of the community was Four other ex-Ministers and De-on a balance higher than it was. puties who left France will be tried Continuing, Sir Kingsley Wood by Court Martial is absentia for says it was the Government's inten- abandoning their posts after being tion to extend restrictions on normal mobilised into the, French Army. supplies to traders. By this action They are M: Jean Zay, former they would enable manufacturers to Minister of Education, M. Paul maintain; and where possible, to Viennot, ex-Under Secretary for extend the export trade which must Foreign Affairs and M. Wlitzer. Turn to Page 2. Fourth Column
RECENT RAINS COST HONGKONG $130,170
The recent heavy rains in the Colony caused damage to Government property to the extent of $130,170, It was revealed In a Government report to-day,
Most of the damage was caused to the Colony's roads, the cost of repair ander, this heading alone, being $74,770, **PRAN
Port Works were damaged to the extent of $30,000, buildings to the extent of $6,300, drainage $4,400, water works $13,500 "und electrical works $1,200.
U.S. FLEET SAILS
SPECIAL TO. TPE- "TELEGRAPHI
HONOLULU,, July 23 (Domel),
A greater part of the US. Fleet which has been concentrated in the Hawaiian Waters has secretly weigh- ed anchor in Pearl Harbour and Lahaina and departed for unknown destinations.
Particular significance scent in the new fleet movements in view of recent return here from Washington of Admiral Richardson, the Com- mander-in-Chief of the U.S. Fleet. He had had fimportant' conversations with President Roosevelt,
SIMLA, July 23 (Reuter)The Viceroy's War Purpose Fund oxeneds £760,000. Donations aro
now
pouring in from all quarters, ranging
from a gift of over £11,000 a thonth from the Nizam of Hyderabad to four penes from a railway porter.
Evacuation Vote Of $10,000
SPECIAL TO THE "TELEGRAPH“.
Legislative Council will be asked to vote. $10,000 as a "token vote" towards the cost of the Evacuation on Thursday,
An explanation of the item in the Message, to the Finance Committee mayn it is not "at present, possible to estimate, what the expenses in connee- tion with the evacuation will amount to
* The vota comes under
the
ar Expendi
ture?
¡Press" message received from Canberra this morn- ing.
The message states that the Commonwealth Government has been unable to proceed with its plans for the reception of the
THE TWO PHOTOGRAPHS on this page were received by Clipper-air mall last night. They were taken at Building · No. 140, Fort McKinley, and show the evacuee children receiving their mid-day meal. Above the children line up at the tables. with their tin plates, into which the food is Indled from the dixics. LEFT, another meal-time scene,
More Froth & Bubbles From German Press
"THE DIE IS CAST" BLARE NAZIS
SPECIAL TO THE "TELEGRAPH"
BERLIN, July 23, (UP).—"The Dle is Cast", says the "Nachtausgabo", under a huge front page headline to-day.
"Lord Halifax has issued a new declaration of war against Germany.
"Fate will now take its course,"
Churchill Holds
His Peace
*** The entire German
LONDON, July 23 (UP), Mr. Winston Churchill refused "to" be drawn to-night when he was asked in the House of Commons whether Britain would, conduct air raids on Berlin and Rome if the ** 'Axis' air forces bombed
London.
"Nothing can be gained from answering questions of this natura,” said the Premier.
"If the answer was in the negative it would re- move a deterrent from the enemy. If it was in the affirmative it might spur him on to increase his pre- parations and the difficul- ties of our air-men,”
COST OF COLONY'S
Hongkong evacuees because of DEFENCES
lack of information.
The Australian authorities are still
awaiting information from Hongkong regarding the number and classifica- flon of evacuees, and the date of their departure from Hongkong and Manila.MMA
T
Big Appropriation
Is Requested
Press voices a chorus of angry tirade against Britain, the koy of which is the repeated phrase "The Die is Cast.'
The "Hamburger Fremdenblatt" says: "The German answer to Lord Hállfáx con now be given in the hard-
of the Germa} armed
The "Boersen Zeltung" says: "Eng- land has decided in favour of a life and death struggle."
"Events will now take their course," says the "Lokalanzeiger."
Bittar Rome, Commant SPECIAL TO THE "TELEGRAPH" ROME, July 23 (Domel)-Bitter criticism of Lord Halifax's speech is voiced by the Italian Press.
"Germany will reply to Britain's rejection of her peace offer by an intensification of · mir raids on British etiles and towns,"
says Gayda, Mussolini's mouthpicer, in the "Glorosie, d'Italia," "Britain
now › completely isolated," he boasts.
"But Lord Halifax appeals to the fanaticism of the British and Ameri- can peoples in an attempt to recover Britain's failures in policy,"
LATEST
Likely Demands By Bulgaria
SOFIA,
July 24 (Domel). Informed political circles state that Premier Filoff and, Foreign: Minister Popoff of Bulgarin, visiting Germany at the. German Government's invita-
First reading of a bill to authorise tion, will strongly demand the return
of $2,484,091.47 - to
"It is stated in Canberra that cables the appropriation of a supplementary of southern Dobriju from Rumania. defray and the return from Greece of Thrace. seeking information from Hongkong um have remained unanswered, the charges of the year, 1939, and to in an attempt to find an outlet to the
appropriate 880,231.55 from the Aegean Sea. "United" "Press" correspondent re
Waterworks Renewals and Improve- ported.
ments Fund in the same year, is to. be moved by, the Financial Secretary to-morrow's Legulative Connell meeting..
Official Roply,
The Colonial Secretary, Hon. Mr. R. A. C. North, was informed of the Turn to Page 2, Third Column
|
Most of the $2,484,091.47 is absor- bed by Defence expenditure and
Kate The first-named
charitable service requires 1000
Mr. T. J. Houston, who, lins been
in Manila in connection with the 114.78, divided as follows: Hong- evacuation, returned to Hongkong ta kong Voluntour Defence Corps $312.-
British liner this morning:
Tum to Page 2, Seventh Columin
Son Back Page For Further Late Nav