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FOR SALE. MODERN HOUSE For Sale or To Let. 108 Boundary Street, Kowloon Tong, area 10,000 sq. ft., nino -bed- four bathrooms, garden, rooms, garage. Ask for 60 Temple Street, lat floor, Yaumati, Kowloon. Tele- phone 58000,
THE HONGKONG NATURALIST, 3 and 4, Price $4 Vol. X nos.
Balo at (postage extra). Now on South China Morning Post, Ltd, CROSS SPRINGER SPANIEL Pup- pics (seven) for sain in aid of the Please apply Mrs. Bomber Fund. Hogg, Jockey Club Stables,
BANK HOLIDAYS
In accordance with Government Ordinance, the Exchange Banks will be closed for the transaction of Public Busincas on Friday, Saturday and Monday, the 11th; 12th and 14th April, 1941. (Easter Holidays).
Hongkong, 7th April, 1941. CHINA LIGHT & POWER CO., LTD.
NOTICE TO CONSUMERS
Notice Is Horoby given that the Company's standard charges will bo increased as from 17th March. 1941, by adding a 10% surcharge to the amounts charged for elec "TIONGKONG AS REVEALED BXtricity consumed for lighting and
Edition. Second THE CAMERA" Over GD excellent views of the power as per meters read on and Colony, Price $1.50. Obtainable at aftor 24th April, 1941. Kelly & Walah, Ltd., or from the Publishers South China Morning Post, Ltd., Wyndham Street,
Suez Canal Objective
Ultimate Nazi Aim STOCKHOLM, Apr. 7 (Reuter).
A suggestion that the German offen- sive in the Balkans is ultimately am- ed at the Suez Canal is made by the "Stockholm Tideningen," whose mili-
Tho existing scale of discounts will remain in force.
Tuesday,
HONGKONG TELEGRAPH
RADIO
ZBW, 355 matres (845 km.), and 31,45
matres (9,520 kilo-cycles)TA
BANK S
THE CHARTERED BANK OF “INDIA, AUSTRALIA; & CHINA. Incorporated by Royal Charter 1553. Reserva Liability" of "Proprietors £3,000,DOO £3,000,000 Reserve Fund : ill.
Fourth and Fifth Acts Of Paid-up Capitals £3.006,000
Gounod's "Faust"
Broadcast by Z. B. W.. on a Fre- Short quency of 845 kc.c's.. and on Wave from 1-2.18 p.m. and 6-11 pin. on 9.52 m.c's. per second.
12.15 p.m. Short Service of In- tercession.
12.30 Selcollons from Light Opera. 1,00 Local Time Signal.
1.01 The Orchestra Raymonde and Tino Rossi (Tenor).
1.30
HEAD OFFICE: LONDON, 38 Bishopsgate, E.C.1.
Sub-Agencive in Londoni 117/122, Ladenhall Street, EC3.
West End Branch: 14/19, Cocktpur Birset, 8.W.L
Manchester Branch:
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flankow
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Penang Alor Star
Hongkong Rangoon
and Rugby Press, und
Amritsar
Bangkok
Ipoh
Байкоп
A Variety Programme,
Batavia
Hotto
Semarang
2.16
Close Down.
Dombay
Karachi
Berembag
6.45
Indian Programme.
Calcutta
Kiang
Shanghai
Agencies:*
Kobe..
Bingapore
Clive Street
Kuala
Sitiawan
Fairlie Placo
Lumpur
Bourabaya
Kuching
Madras
Manila
Medan
6.30 Closing Local Stock Quota-
tions,
·
6.32 Carroll Savoy Hotel Orphans.
Talping
Tientsin
Tongkah
(Bhuket)
Gibbons and The Canton
Cawnpore, Cebu Colombo 7.00 London Relay-The News.
New York - Thingtao London Relay Britain Deli
Halphong
Peiping
(Peking) Bamburg
FOREIGN EXCHANGE and Banking Business transacted.
7.15
I
Speaks".
7.30 Portuguese Programme. 8.00 Local Time Signal and An- nouncements.
8.02
Palapo 1. Saxo Rhapsody (Erle Contes); 2, The Duchess Valse Caprice (R. H. Duke Rehl).
Studio Saxophone Recital
By order of the Board of by Directors,
D. W. MUNTON,
Manager. Hongkong, 8th March, 1941.
NOTICE
Notice is hereby given that the
8.20 Marek Weber and His Orches- tra.
Suite Orientale (Popy); Amoret- tantanza--Waltz (Gung'i),
8.34 Tunes of Not-So-Long-Ago. 9.00 London Relay-The News. 0.15 London Relay-Questions of
the Compositions of Schumann,
0.30
tary correspondent says that although frm "F. Rodrigues" established in pillons. Op. 2....Alfred Cortot
the Germans were fully prepared for
an attack on Greece they had probably 1916 Macau, is now under mannge-amino Gigli (Tenor) with Orchestra;
пов completed preparations for an ment
attack Yugo-Slavia,
on
of Mrs. N. A. V. W.
The Lotus Flower....Bent-
Carnaval Ballet, Music ..... London. The Two Grenadiers .Peter Dawson (Bass-Baritone)
Orchestra; Ballet
Yokohama
General
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Cur rencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application
Tho Bank's Head Offee in London undertakes Executor & Trustee business and claims recovery of British Income Tax overpaid on terms which may be ascertained at any of its Agencies and Branches,
W. II. EVANS THOMAS.
RELIEVE
Manager.
Rheumatic
They are thus likely to seek to Rodrigues by full attorney of the Orchestra; Traumerel...Massed
prevent the massing of troops by Yugo-Slavia by violent air operationg while completing their own troop concentrations.
The milliary correspondent of the "Dagens Nyheter" belleves that the German offensive was hastered by the uncertainty of Turkey's attitude and British landings in Greece.
The correspondent expects that the Germans will first exert all efforts to prevent British, Greek and Yugo Stav forces from joining up while engaging the Yugo-Slays to prevent them from attacking the Italians in Albania,
BRAZIL TO ACT FOR ITALY
VICHY, Apr, 7 (Reuter),--Brazi has been asked to take care of Italy's interests in Yugo-Slavio according to a Rio de Janeiro telegram.
proprietor. F. Rodrigues.
Best Brains For British Budget
with
Orchestra of Cellos.
9.45 News in French (on Short Wave only).
10.00 London Relay-Talk: "cols Abroad',
10.15 Gounod's "Faust" Acts IV and V.
LONDON, Apr. 7 (Reuter).The
Characters and Soloists in order famous economist, Mr J. M. Keynes, the champion of compulsory saving, of appearance: Marguerite, Miriam the Treasury to- Licette (Soprano); Mephistophotes, left his office in
with the knowledge that Robert Easton (Basn); Siabel, Doris night
British tax-payers will Vane (Soprano); Valentine, Harold 4,000,000 participate in a form of his long-Willams (Baritone); Faust, Heddle advocated and hotly-opposed scheme Nash (Tenor) with The B.B.C. Choir
and Orchestra conducted of compulsory saving.
ap-Thomas Beecham, Last
July, Mr Keynes was pointed by the Chancellor of the Ex- chequer with other economists, com- and industrial chiefs to, the mercial
Consultative Committee, Treasury which has been described AB the "Exchequer brains trust."
Doubtless the proposal was devised there.
'Mr Keynes had no comment to make on the budget.
HAVE YOU BOOKED YOUR SEATS YET FOR
BOY MEETS GIRL
at the K.C.C.
GRAND EASTER
ATTRACTION
Sat. 12th
Porformances (Mon. 14th
(Sat. 19th )
at 9.15 p.m.
Scats at $3.00; $2.00 and $1.00 bookable at
Messrs. Moutrio & Co., Ltd. or The Club..
Charlie
Chaplin
in his new comedy
The Great DICTATOR
Produced, willten ami directed by CHARLIE CHAPLIN PAULETTE GODDARD
STARTS TO-MORROW
for
A Limited Run
At the
STAR
THEATRE
PLANS NOW OPEN I
"ADMISSION: $3.00, $2.00), $1.20, 702
11.00 Close Down.
Japanese In South America
by Sl
regard-
On
TOKYO, Apr. 7 (Router).-In order to study measures ing alleged restrictions placed 200,000 Japanese residents in Latin America at United States' Instigation, officials of the Japanese Forcion Office and the various Ministries con- cerned at noon to-day held the first of a series of monthly conferences in which future Biops relating Japanese migration, commerce and precautions acolost the Influence of Third Powers were discussed, ac- cording to a semi-official Japanese report.
Baron Osumi Story Again
to
SHIUKWAN, Apr.
(Central News). An exhibition of war spells captured from the Japanese has been opened here. On display are the uniform, medals, sword, sabre and other personal effects of the late Ad- miral Baron M. Osomi who was kill-. ed in an acroplane crash on Februa
5.
Other exhibits Include flags, en- signs, arma of various sorts, docu- ments, maps and photos captured at Lupo, Toishan and other parts of southern Kwangtung,
N.E.I. CHINESE
PATRIOTISM
Mr Chiu Yuan-yung, prominent Chinese merchant from the. Nother lands East Indies has left here to pay his respects to Mr Lin Sen, Chairman of the National Government, and Generalissime Chiang Kai-shek on the behalf of the Chinese residents N.E.I.
Mr Chiu has decided to establish u glass factory at Melhsien, Kwang-. tung, his native town, with a capital of $200,000., He has been in busi- ness in Batavia for many years, A fervent patriot, he has donated some $500,000 personally to China's war fund.
PAINS
-with reliable Absorbine Jr.
Simply massage Absorbine Jr. into those paining parts
st Door It penetrates— draws out the pain, gives relict. Mild and gentle, a pleasant refreshing odor, Absorbine Jr. is safe and reliable.
Keep a bottia handy.
ABSORBINE JR.,
For years has relieved sove muscles, museus lar aches, bruises,caja,.aprašca, abrasions.
Balm Agent: Muller, Maclean & Co., Inc.
H.K. Society for the Protection of Children
WE ARE AT WAR OUR ammunition
consists of HONG KONG
DOLLARS AND CENTS It is running low. Please send us new supplies.
NOTICE
DEFENCE REGULATIONS 1940
The following rates will be charged for mailing single copier of the following nowspapers
ibroad:--
South China Morning Post China and Macao 16 cents per copy
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-25 cents per copy
The Hongkong Telegraph
China and Macao
14 cents per copy
18 cents Saturdaya
British and Foreign 20 cents per copy 25 conts Saturdays.
KLEENEX
DISPOSABLE TISSUES.
Keep a package in every room
In the house... nursery, 23 well as bathroom and bed- room and one in the car all the time, Kleenex has hun. dreds of uses.
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Britain's Budget
FROM PAGE ONE
Office Savings Bank. At the other end of the scale, income tax and murtax will absorb 10s. ' in the pound, leaving to the individual exactly d in the 'pound."
Firm Rasolua-
The whole world," said Sir Klog sley amidst loud cheers," "will ace in this still further and substantial, evidence of our firm resolve to leave victory, nothing undone to achieve whatever the cost."
Under the new taxation, Sir King- sley explained that in order to enjoy a tax-free income of £5,000 a year, it would be necessary for an Indi- vidual to have a gross income of £60,000 and very low to-day have incomes of· that
added sum, ho amidst ironical checia.
Explaining the reduction in abate
monis on smaller incomes more fully, the Chancellor, intimated that the extra tax which the small wage carner would pay would be offset. after the war by credit in the Post Omce Savings Book.
As an example, he cited the case of a married man with two children with
an earned Income of 2350 a year, who last year would have pald
£5 69 4d.
Under the new budget, the same man will pay £24-78 6d, but of the increase of approximately £10 there will be paid to him after the war n sum of £17 6s Od.
Up The Scale
As one moves up the income tax scale, to proportions to be dealt with in the form of credit In the Savings Bank decline. Thus a married man with two children and an earned Income of
of £1,000 a year will pay over £300 income tax under the now proposals an increase of £90.
this instance, only little more than £48 will be treated as Savings Bank crodit.
Altogether Slr Kingsley estimated the yield of income tax for the cur rent year at £605,000,000, an increase of £81,000,000. He indicated that last year's collection of income tax
*Itself
a record, amounting to £524,000,000 which was £13,000,000 in excess of the estimate...
Exceas Pronta
was
to
Dealing with Industry the Chancel- lor intimated that the excess profits. tax would remain at 100 per cent. This tax he said, was directed prim arlly to taking the profits out of the war and to ensuring that in wartime when the whole nation had bear sacrifices, the increased production which war required would not be- come the means of enrichment as the last war. But he added, it was one thing to take the profit out of the
war; it was another to tax busi nesses in
In such a way as to leave thera worse off at the end of the war than at the beginning,
Therefore, he proposed at the end of the war that 20 per cent of the net 100
per cent of tax should be returned industry to assist in re- construction,
The Chancellor made no proposals for increasing the tax on tobacco, wines, spirits and similar: commo-
diting
Cash expenditure is budgeted as £4,207,000,000
without Dituding United States Lease and Lend sup- plies which would raise the Governi- ment's total expenditure "Far beyond £5,000,000,000, compared with £3,- 684,000,000 during the past year.
Domestic Expenditure. "Excluding the increased balances, of British Dominions, India and other overseas sterling countries, domestic expenditure becomes £3,700,000,000 which will be covered by a tax ra- venue of £1,630,000,000 on the exist ing basis of taxation and £1,000,000, ani
from the present basis of private savings, leaving a вар of about £500,000,000
Which Sir Kingaley proposes to fill in roughly equal holves from the new faxation to yield 2150,000,000 this year and £250,000,000 in a full year and from the new private savings estimated to produce between £200,000,000 and £300,000,000,
This
of the
domestic expenditure of comports with during the first year the war and, an annual rate of £3,100,000,000 in the Brat half of the second year, thus indicating a. con- Unued expansion of the war effort
The exclusion of the Lease and Lend supplies follows the traditional procedure since the British Budget. was always framed on a strictly cash basis.
Keynes' Plan
Sir Kingsley's proposal that reduc- tions in individual income tax allow- post-war ances will bo offset by credit in the Post Office Savings Bank introduces a modified form of Mr. J. M. Keynes plan for compul Bory savings.
The Budget's excess profits con- ons to extra-nctive Industries
cessing metals and oil will be wel
comed by overseas mining companies registered in the United Kingdom on whom this tax has previously fallen as an effective levy on capitel.
In the broader cconomic field, the Budget
makes
big advance by ex- tending the policy of price stabilien- tion with the aim of holding wagos nt about the present level which will greatly contribute to the avoidance of inflation.
Britain's
In's success in avoiding in- flation hitherto could not continue !!
wages were allowed to rise un restrainedly.
Income tax and surtax rising to 07.5 per cent, on the highest incomes typifies the Budget's Spartan char- acter.
Defence Billions
SPECIAL TO THE "TELEGRAPH”. WASHINGTON, Apr. 7 (UP)— President Roosevelt to-day signed the $4,380,000,000 nith supplemental. defence appropriations bill which contains fund for the purch”ne of 4,75 knew! war planes and critical equipment for an army of 4,000,000
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