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ADVERTISEMENTS
25 words $2.50
HONGKONG TRAMWAYS,
LIMMED
NOTICE TO SHAREHOLDERS
NOTICE IS HEREBY GIVEN for 3 days prepaid
that an INTERIM DIVIDEND of Fifty (50) cents per Share has WANTED TO BUY. WE PAY HIGH PRICES for all gold been declared payable on WED. and silver articles, dumonds, jade NESDAY, 14th AUGUST next, of Apply China Gold and after which date Dividend jewels. and Reaning Co. Room B, Pedder Bulid-Warrants may be obtained upon ing, 2nd floor.
application t the Registered Ollico of the Company, Canal Rond FOR SALE.
East, Hongkong. "HONGKONG AS REVEALED BY Edition. Second THE CAMERA” Over 60 excellent views of Colony. Price $1.50. Obtainable at Kelly & Walsh, Ltd., Hongkong Travel Bureau or from the Publishers, South China Morning Post, Lid, Wyndham Street.
TO LET.
the
TO LET-For Europeun occupation, Available for a few months. Destr uble furnished or unfurnished Ont. Four
Modern sanitation. rooms, Mid-level overlooking harbour. Apply Box 584, "Hongkong Telegraph."
POST
OFFICE
NOTICE IS HEREBY ALSO GIVEN that the REGISTER of MEMBERS of the Company will be closed from WEDNESDAY, 31st
WEDNESDAY, JULY, to AUGUST, 1940, both days inclu-
sive.
14th
Wednesday,
HONGKONG TELEGRAPH
BUDGET REACTIONS
"Financial Times" Comment
BRITAIN'S RECORD BUDGET
FROM PAGE ONE
July 24, 1940.
CINCINNATI Exchange At
HUMBLE BROOKLYN TWICE
be regarded as n vllat part of the war effort. LONDON, July 24 (Reuter).---The "There must be Increased direct It is evident Times"
the and indirect taxation. considers Financial Budget well adjusted to obtain in-that further taxation on the largest solidly united to pledge all its a field as possible is imperative.
NEW YORK, July 23. (Reuter) — in response from a community scale possible and covering as wille
victory
Roady Responso Anticipated resources for
Features of the major baseball pro- "After an over-prolonged spell of "It is also equally plain that we
gramme to-day were the double de- cal confusion and uncertainty, cannot expect to raise by taxation at feat of the Brooklyn Dodgers by the the city and nation will welcome the once and with one Budget so quickly Cincinnati Reds in the National Cir charity with which the Chancellor following another all the sums that cult, and the humbling of the Detroit has endowed his Budget in two es-will have to come still further from Tigers by the Washington Senators in
this source. There are severe limits the American League, sential respects.
"Firstly, alterntions of the existing at any rate on certain
menan tax structure are as straightforward obtaining new revenue. as they are drastic.
of
Scores were:
A Glance
- SELLING T.T. London Demand London T.T. Shanglial
T.I.
T.T. Singapore T.T. Jappo T.T. India T.T. U.S.A. TT. Manila T.T. Balavia
T.T. Bangkok T.T. Salgón T.T. France TT. Switzerland TT. Australia
BUYING
.1/2% 1/236
.5254 .97
02
149
108
Nom.
...99
1/015
4 m/s L/C London
1/3
it. H. E.
10
4 m/s D/P London
1/35%
4 m/s L/C U.S.A.
JA
4 m/s France
Nom.
30 d/s India
.041/2
U.S. Cross rate in London 4.02 U.S. Cross rate in N.Y...3.61%
NATIONAL LEAGUE
D
024
"Income tax five years ago was Maximum Saving
fut the standard rate of 4s. d and
Cincinnali "Secondly, insistence on the neces- yielded roughly £200,000,000. To- ity of maximum saving and lend-day the estimule yield, is £25,000 Brooklyn
I (Eleven Innings were played). seeds of the intense national effort must ask for further ing to the nation, increasing the pro- 000. In the present circumstances
contribution
Cincinnati and I
Brooklyn (exporting is rightly emphasised), in from the direct tax-payer
will readily respond (Weber homered for the Reds, and the clearest possible warning that belleve he
Lavaretto for the Dodger} only in that way can a much heavler (Laughter and Cheers).
"I propose to increase the standard chicago laxation he avolded."
The "Financial News"
says:ralo of income tax for the whole of Boston Secretary.There is only too good reason
the current year to Bs. ad, and with this increase, I propose to, alter the St. Louis conclude that it this is all the Trea- sury can do by way of emergency rate on the tax that is charged on the first £180 on a tax-payer's-income. financing, we shall certainly have
of The rple chargeable in this zone income is at present half the standard rate and with the increase of the standard rate to 8%. Cd. the reduced' rate should automatically rise to four Box) shillings and three pence.
By Order of the Board,
W. F. SIMMONS,
Hongkong, 22nd July, 1940.
IMMEDIATE DISPOSAL
-SACRIFICE
inflation by the front door.
to
The paper adds that the Chancellor has only himself to blame il his crities mistakenly rend liis first effort as an omen. "He may intend to do more next time. But the time to set about his task in grim carnest Wars are not nunced by
CONTENTS of fully furnished flat-consisting of Super Quality
Oil Paintings-is now. complete crystal sets from finger to-morrows and right-have-beens."
Small Pocket Post to all countries Peking Rugs. is suspended.
OUTWARD MAIL TIMES Registered and Parcel Mafl are than the closed 15 minutes earlier time given below unless otherwise stated, and where mails are advertis
bowls to liqueur glosses-Bronze! Figures Blackwood - all furni ture made by Lane, Crawford's--
AMAZING
ed to close at or before I am, regis- Radio, 1940-Refrigerator, 1940- ALLEGATION
tered and parcel maila are closed at 5 p.m. on the previous day. When mails are advertised to close after
5 p.m. Registered and Parcel mulls are closed at 6 p.m.
INWARD MAILS Haiphong and Holhow
"Imperial
July 24. July 24. Airways July 25.
Shringhal and Amoy .. Air Mail by
Service"
Canton
London and Straits
Saigon...
Sandakan
Jupan
Manila Shanghal.
Shanghal
date, 1st July)
Canton.
Japan and Shanghal
Shanghai
Shanghai
Mini
Ju 25.
.July 26. July 26. July ng
Chinaware-Silverware by Mappin
& Webb-cost owner "over $10,000 leas than six months ago. sell at sacrifice.
Must
Apply 25 Blue Foo! Road, Top Floor, from 2-5 p.m...
FOR THE PROTECTION OF CHILDREN
What to do to help a child
Anyone knowing of a child who
July 24. has been assaulted, neglected, or
U.S.A., and Manila (San Francisco ill-treated in a manner likely to July 20. cause unnecessary suffering or injury July 27. to health, or knowing of a parent July 27.who is seeking advice on any matter July 27. concerning a child, would be doing an act of kindness by communicating
The Hon. General Secretary, I.K.S.P.C, Old City fiell
The Inspector, 49, Pokfulam Road, 1st floor.
July 27, Huchong, Holhow and Fort Bayard at once with-
July 28. July 28. July 28
Japan and Manila
Shanghai and Amay
OUTWARD MAILS Wednesday, July 24
Philadelphis
Roston
Chicago
AMERICAN LEAGUE
(Solters homered twice for the White
Washington
!!"
"I propose that this reduced rate Detroit, York homered for the Tigers)! should be increased to five shilungs Wartell and in the pound.
The
Surtax, Incroases
24%
Gunner Found Guilty
Used Insubordinate Language
'District
Court
Internment Mistakes
Sir John Anderson's
Admission
LONDON, July 23 (Router). In the House of Commona to, day, the Home Secretary, Sir John Anderson; adimitted that "cases of mistakes were made in interpreting internment instruc- tions."
Sir John added that it was clear that a further examination would be likely to disclose. In a number of cases circumstances justifying the re- lease of Individuals interned..
Early Rectification
Any mistakes must be rectified with the least possible delay. Con- alderation must also be given to en- larging the categories of exemption. to include particularly those who could render services of special value or make a significant contribution to the war effort.
He announced the appointment of a small, advisory committee to nasist him in this matter.
COST OF DEFENCES
FROM PAGE ONE
Chancellor announced in-It, Lecs-Smith suld he took the in-Charges of using Insubordinate three defence forces during 1930, in
cont
At the resumed Martial held at Stanley Borracks 111.22, Hongkong Naval Volunteer this morniog, Gunner E. E. Milsom Force $148,721.91, and Air Raid Pre- Would "Increase in income tax
insubordinate language to a superior It is interesting to note that if the produce in a full year £84,000,000 at any sacrifice until victory has been was found guilty on charges of using cautions $600,291.05.
achieved." (Loud Cheers). and in this year £00,000,000,"
officer, Flt. Let McGovern, had appropriations are approved, the Co- Opposition Agreement
attempting
to strike him, and three lony will have spent $1,675,110 on s Speaking for the Labour Party, Mr. other
addition to the Defence Contribution, to superior ofleers. creuses in the scules of surtux under creased expenditure as an example Sentence will be promulgated in the approved cotimate of which for which the rate of the first slice of of increased vigour in administration, due courte.
last year was $7,097,898,
Charitable services require no less Income in excess of £2,000 would be and increase in the production of war
Loch, Kumon Major L. J. C. FROM PAGE ONE Increased from is. 3d. 10-25. in the machines.
Rifles, was President of the Court than $725,278.90.
Other Important items in this pound would
into force in
Ile added: "The Nazi system pro-and the other members were Cupt Επ excess of contents of the "United Press" respect of Incomes
£20,000 instead of £30,000 as at duces poor human quality. When W. II. Denman, R.A., and Lieut. B. supplementary expenditure are $381,- message.
our production of machines is so G, W. Yeatman, R.A., The Prosecut- 972.06 for Stores Department, $137,- Mr. Norih said: "There appears to present,
developed that we can meet the Nazling Ofleer was Lieut. P. J. T. Skip-937 for the Police Force and $120,801 be some mistake. If it is meant that This increase was estimated to power man to man on equal terms, with, R.A., and the Defending Omeer for Public Works Extraordinary. we have not given the Australian produce £11,000,000 in a full year then this war will begin to be won. Capt. D. R. G. M. Graham, R.A.
Chancellor and £8,000,000 in this year, Government detailed Information re-
"I believe the On incomes in excess of £20,000.a
carry the limits of taxation to garding the number of persons pro- ceeding to Australia and the date of year, the State would take nine-limit of human endurance. Never
ure that is true. their departure
has any country had such every pound. "We cannot give
The result of the Increase
ave neared in making up material into such
detalled Information unti
until we know ourselves.
"Not overalls. This is the result of a gift of material, valued at $571.40, trom The information will be sent to
£039,000,000 for a full year corn country is willing to rise to that Cuilly.
with pared
£290,000,000 whicht
a responsibility and accept self- The case is proceeding.
the Kwangtung Refugees Relief As- the ships, leave Australia before
was produced five years ago.
The charges against Milsom sacrifice it did not even contemplate
and sociation. Hongkong and Manila, thus giving
Sir Kingsley Wond announced al
Davis arose from an Incident in the Not only overalls, but also tunics a few months ago." the Australian Government two to.
further increase of 10 per cent, on Sir Percy Harris agreed that the bar of the Peninsula Hotel on July are being made out of the material children who three weeks to prepare for the re-
estate duty which would product country was ready to bear any bur-7 and their removal by the Military applied for the Go
transferred to the ception of the evacuces."
the Nanking Barracks, | were recently about £6,000,000 in a full year and den to secure victory, for, he said, Pelice to
£1,000,000 in the current year. the alternative meant bondage.
Camp from the Po Leung Kuk.
Manila Complaints
Mr. North was asked if he has seen the report published this morning regarding the bitter complaints that have been received by husbands of certain evacuees.
tenths
of
cun
the
LE
res-
Anather Case Opons
Gunner W. H. Davis
was
on
lucome tax and surtax would beponsibility as rests upon us in the brought before the Court
next few months. I believe the charges, to which he pleaded
Was
Difficult Task Remarking that the task of finding enough money to pay income tax in two six-monthly instalments "I have not yet seen the report in becoming increasingly difficult, the, The Inspector, 12 Stone Nullah | question," he said.
Chancellor announced an extension of the principle of deduction at the Cane, 2nd Floor,
The "Telegraph" understands that The Inspector, 12, Sal Young Choi
scrlous allegations
the regarding source to the whole range of salary St., Kowloon,
conditions suffered by some of the and wage earners from the manual
ta the
company director. 8.30 a.m.
The Inspector, 52, Argyle St, evacuated wives and children have labourer
The
believed that the Chancellor In a Telter forwarded by a been made ....Noon, Kowloon,
satisfactory and All further steps will be taken, and group of Hongkong residents to the
Ղում workable 12.30 p.m.:
method of collecting income tax was Shanghai and parcels only for Tien- expenses borne, by the Society,
been, Attorney General. will 12.30 p.m.
The Informant's name
The people in question are under-deduction at the source month by We up- Swatow and Parcels only for Tien- kept strictly private, except in cases stood to be demanding the return of month and week by week.
pealed
sented to employers, to give their ..1 pan, where mallee is proved.
their families to Hongkong. .7.00 pm.
co-operation in this task.
Manila and Batavia
Shanghal Sandakan Shanghai
.......7.00 p.m. Thursday, July 25
Fort Bayard
tsin
Amoy
Friday, July 26 Shanghai and Parcels only for Tieni- averimus, 0.30-a.m. Fort Bayard, Holhow and Haiphong. 10.00 a.m. Haiphong..........................
2 p.. Manila, Australia and New Zealand
via Thursday Island.
G. P. O. and K. P. O. Reg. July 20, 2.45 p.m. Ord. ...July 28, 3.30 p.m. Straits, Ceylon. India, East and South Africo, and United Kingdom
K.P.O.
Parcels ..
Reg.
Ord.
Calcutta
G.P.O.
.3.00 pm.
STOCK MARKET REPORT
Hongkong Stock Exchange Oficial Summary Issued yesterday says:
Market continues steady and with a continuation of enquiries but there is still a pronounced dearth of scrip.
Buyers
Union Insurances $340 Docks (Old) $15.50 .6.00 p.m. Docks (New) $15
.5.30 p.m.
.3.00 p.m.
Providents $3.75
Lands $31.50 Trams $15.40
.5.00.p.m. China Lights (Old) $0.40
7.00 p.m.
Parcels Reg. Ord,
Parcels
.5 p.m. Letters
.7 p. U.S.A., C. and S. America, Canada and Unked-Kingdom vla San Francisco (No Parcels for Canada).
G. F. O. and K. F. O. Parcela .......July 26, 5 p.m. RegJuly 27, 0.45 u.m. Ord........July 27, 10.30 a.m.
Saturday, July 27 Shanghai
1 p.m. Straits, Rangoon and Calcutta
3.30 p.m. Air Mail for "Imperia! Airways-
Service to Durban'and thence by Bea Service to United-Kingdom.
GP.O. &.K.P.O.
Reg. Ord..
July 27, 5 p.m. July 27, 5.30 p.m.
Manila, Australia and New Zealand
Parcels
via Thursday Island
·G.P.O. and K.P.O.
July 27, 3 p.m.. July 27, 5 p.m. July 27, 5.30 pan. ....5.30 pm), Monday, July 20
Canton
neg.***
Ord:
Amoy and Shanghai.......8.30 a.m. Haiphong in vào
...Noon
Straits, Ceylon, India, E. and South Africa, Lisbon and United-King- dom.
G. P. O. and K. P. O. '
Reg. ....
..July 29, 2.45 pm. July 20, 3.30 p.m.
Ord, *Superscribed Correspondence Only.
WAR RISK RATES ADVANCED
SPECIAL TO THE "TELEGRAPH“ NEW YORK, July 23 (UP) Marine, underwriters announce that Insurance rates on shipments to und from the Far East under. the flags of any nation other than the United States will be advanced from two to three per cent,
The increase" does not apply fo tannaga to the Philippines, Japan, Burmo or ports iri the West Indies vio the Panama Canalí
thanks to
BLACK POLISH
Polishes, Protects and Preservet JUU!
23
Serious allegations of rackal dis- crimination are made,
It is understood that one or two of the husbands concerned have sought legal advice.
Electrics (Old) $30.50 Cements $14.25 Watsons $8,40
Sellera H.K. Banks $1,200 Hotels $3.75 Telephones (Old) $22.50
Sales
Youmati Ferries $21 Electrics (Old) $37 Electries (New) $35.50 Telephones (Old) $22.25 Dairy Farms $18.15 Watsons $8.00
They're well worn D-but they've worn: well
KIWI
TAN POLISHES
White Cleaner and Shoe Creams
only
The Chancellor then announced an increase in beer duty of a penny Der pint with an additional yield of £13,000,000,
Tobacco duly would also be in- creased by a further two shillings per pound, representing an addi- tional yield of £9,080,000 for a foll year and £6,000,000 for this. The stabilised preference on Empire to bacco would be maintained. Wines also must contribute ns from to-morrow, added the Chan- cellor. The Increase on light wine would be two shilings and a penny per gallon and on heavy wines four shillings, making duty on light wines 8s. per gallon and on heavy wine 10s. per gallon,
Preference for
wincs from the Dominions and colonies would be maintained.
Duty on entertainmeal would also be increased to produce, on estimated additional revenue of €4,000,000 in o full year.
The Net Result
These proposals In the sphere of direct and indirect taxation as a whole would give him £80,000,000 In the current year and £129,000,- 000 in a full year,
The Chancellor indicated that the purchase tax as now outlined would Involvo a reduction In the
amount
the Exchequer would receive under the original proposals. The Exche quer would secure a substantial-summ in a full year of approximately
£110,000,000,
thus
The present Budget, would provide in a full year a further sura of £239,000,000.
The Apell Budget imposed new charges of £128,000,000, making in all an additional sum of £307,000,000 Imposed in the last three months. excluding £40,000,000 in connection with excess proft tax.
War Savings
Remarking that ntrendy over £300,000,000 had been raised on the three per cent, war bonds; £250,000,- 000 on the sale of saving certificates and defence bonds, and £110,000,000 by the 24 per cent, war bonds, the Chancellor said that the success of be- these saving efforts led him Hove that the task of filling the gap between expenditure and revenue was by no means unmanageable. The financial problems that faced the country were undoubtedly many and dimeult, but they could have full confidence that. they were by no means unsurmountable.
"We
have many resources and on our determination and capacity to use them to our utmost, there can be no doubt As in the field of war so in the vital areas of national finance, we are determined to con tinue on our course unceasingly and
Shamshuipo.
REFUGEE CHILDREN
A number of older girls at the then King's Park Refugee Camp are busily
THE PRICELESS EXPERIENCE GAINED BY GOODYEAR IN BUILDING MILLIONS MORE TYRES THAN ANY OTHER MANUFACTURER IS WHAT KEEPS GOODYEAR QUALITY ALWAYS IN THE LEAD. RIGHT NOW, GOODYEAR SCIENTISTS ARE AT WORK IN THE WORLD'S FINEST RUBBER RESEARCHTM
TYRES LABORATORIES DEVELOPING THE YOU WANT TODAY
THE STILL BETTER
TYRES YOU'LL NEED IN THE FUTURE.
THE WORLD OVER, MORE PEOPLE
RIDE ON GOODYEAR TYRES THAN ON ANY OTHER MAKE.
GOOD YEAR
Distributors for Hongkong and South Chinai
UNIVERSAL SALES French Bank Bidge Tol. 34104
butors for
TRADIN
107 Hennessy Road, Tol. 26789-