1923-04-17 — Page 1

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YOUR

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VICTOR

CATALOGUE

The China Mail.

April 17, 1923, Temperature 72."

No. 18,854, 二拜造 號七十月四年三十二百九千一英

BUSINESS NOTICE.

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MANUFACTURERS

of Handsome Chinese Linen Drawn work and Embroiderian

DEALERS IN ALL KINDS OF SILK COODS.

Mandarin Costumes of Various Design and Pewter-ware.

MOONOMY IN GOAL

aches Lamy Goal stands for scenomy in Gosă valan. All leggp Conlsa have a larga peronntags of dust which are VILACTICALLY WANTE., The Gust in WOOHTUKA Læses darm into Lampe as from

As they are rand late boters. Fachpes tamp.com bang grazaly and is therefore a decis

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We stock in our gofowas 23 gradas en dibér Tughren Goal.

DONNELLY & WHYTE.

sài con 188

WINE MERCHANTS.

MEE WAH

Tel, Can" esa.

E STAGE

Barometer 29.74

D

1848

Rainfall 0:00 inch

Humidity 100

April 17, 1982 Temperature 67.

HONGKONG, TUESDAY, APRIL 17, 1923.

TO-DAY'S CABLES:

(Reuter's Service the China Mail.)

BRITISH BUDGET.

INCOME TAX REDUCED SIXPENC

PENNY A PINT LESS ON BEER

LONDON, April 16, The Budget shows a surplus of thirty-six Tea and sugar are unchanged but there are the following reductions:-income tax sixpence beer a penay a pint; corporation tax one half. The question of a tax on betting has been referred to a committee.

millions.

THE CHANCELLOR'S SPEECH.

LONDON, April 16. General expectation of reductions in taxation caused unusual interest in Mr. Baldwin's budget. Twenty members of the House of Commons were waiting to secure seats at seven in the morning and, the House was packed when Mr. Balwin rose. He dwelt on the improvement in trade and the dinin ution of unemployment. Last year Government securities appreciated and savings bank deposits in- creased. The surplus of 101 millions was employed in reduction of the debt. The surplus was really due to the reduction of expenditure by 247 millions in two years. He hoped to effect further ecomomies in the current year. If any Department presented

a supplementary estimate it must be met by savings in other directions. It was important to redeem the debt out of revenue, The estimated expenditaré was £816,580,000 whereof £380,470,000 was debt charges. Revenue customs and excise were six millions less than last year. It was not anticipated that there would be another good year from death duties or income tax.

The total revenue on the basis of existing taxation was £852,650,000 leaving surplus of thirty-six millions.

REDUCTION OF TAXATION,

LATER.

.

a

Jeves Fluid

BEMEKRAN+=+ERUP PRICE, $8.00 Per Month

THE DOLLAR:

Today's closing. rate 2/3 15/16 (To-day's opening rate 2/3 15/16

POLAND AND LITHUANIA,

"KERMANS SAID TO BE MAKING TROUBLE.

*WARSAW, April 18.

There has been firther trouble between Poland and Lithuania owing to the Lithuanian Premier Galvanauskas notifying the Council of the League of Nations that Lithuania intends to contest the decision of the Council in regard to a Polish- Lithuanian neutral zone before the Hague Arbitra- tion Court and réserving the right to déclare war on Poland from the beginning of May. The Polish press is indignant and accuses Lithuania of desiring at any cost to provoke war. They allege German instigation and the existence between. Berlin and Koenigsberg of a secret arms depot. It. says Poland cannot now be asked to sign the statute being drawn up in Paris giving Lithuania the sover. eignty of Merel.

BRITISH TRADE IN DUTCH INDIES.

SCHEME FOR

REPRESENTATION.

LONDON, April 16.

British Industries for co-operative representation of The scheme promoted by the Federation of

British manufacturers in the Dateli Indies promises tative who will take charge of the interests of the to be a success. Mr. R. Neil Williams, the represen- firms concerned is going to Java on April 27. It was originally proposed that the scheme should in- clude thirty manufacturers but in view of the size and importance of the firms who have joined and as efficient as possible it has now been decided to the desire to make the representation of each firm.

reduce the membership to twenty: -

NEW RUHR MEASURES.

The increase in the safe of surplus material was largely responsible for the surplus. Provision. THREE FRENCH MINISTERS ARRIVE. would be made to deal with evasion of the income. tax. The tax on betting greatly attracted him

DUESSELDORF, April 16, 2 (cheers) but he had had no time to investigate it fully; the French Ministers of War: Finance and Public",

M. Maginot, M Delasteyrie, and M. Letroquer, therefore he intended to refer the matter to a select Works respectively, have arrived to carry out the Committee. He was prepared to take risks in the new measures on the Ruhr-decided upon at the matter of the reduction of taxation, including

Franco-Belgian conference in Paris, reduction the parcel post on heavier letters, also the reduction of foreign letters to twopence halfpenny and the reduction of the rental

MORE OFFICIALS EXPELLED

COREENCE, April 16/ The Inter-Allied Rhineland Commission has ordered the expulsion of a further 1236 German.

FRENCH POSTPONE: ESSEN FINE.

BERLIN, April 16,

of telephones to and the rate at public officials, chiefly railwaymen.

....

ARMIES OF OCZUPATION.

AGREEMENT MAY BE DIFFICULT.

"

PARIS, April 16

call offices. This would involve a loss of £1,900,000. In view of the reduction last year there would be no further relief in respect of tea and there fine of 105,000,000 marks recently imposed on Essen The French have postponed the payment of the would be no change in sugar (Labour protests) as in respect of the murder of a French soldier owing to special circumstances the consumer would not benefit from a reduction in the tity. He hoped, however, that a reduction would be possible! at an early date. The beer duty would be reduced a penny a pint and part of the reduction would be barae by the brewers. The cost of the reduction) was estimated at thirteen millions. This year there At a meeting of the committee on the expenses would be a reduction in the duty on sweetened table of armies of occupation the European delegates waters. The cider duty was abolished as it was decided to adjourn the discussion in order to consult unimportant revenue. The abolition was of some objections by Mr. Wadsworth, the American dele their respective Governments. Owing to the new importance to agriculture. The income tax would gate, as a result of his latest exchange of telegraMG be reduced by sixpence, costing twenty six millions with Washington, it is now expected that agreement in the full year and nineteen millions this year. will be more difficult of attainment than was firstly The corporation tax would be halved. Altogether

anticipated. the reductions would cost thirty four millions this year and forty seven millions for the full year. They had gone to their utmost limit to relieve the PROPOSED WEST AUSTRALIAN-- BASE. daxpayer without impairing the credit of the nation.

DEBT REDUCTION.

IMPERIAL DEFENCE

MELBOURNE, April 16,

The Chancellor said that during the four years ended on March 31 the external debt was reduced for developing a naval base at Singapore, the In view of the Imperial. Government's scheme by £209,000,000 net. He explained that our Can-Commonwealth Government has deferred action as adian debt could be regarded as settled The regards the West Australian base proposed by, Ad- internal debt was reduced £219,500,000 since last miral Henderson. year and was now £810,000,000,

Mr.. Ramsay Macdonald congratulated Mr.. Baldwin on his stand against postponing debt reduction.

DEFICIT ON TEA.

DOR LATER.

Mr. Baldwin in his Budget speech mentioned

LAUSANNE CONFERENCE

RUSSIA NOT INVITED.

LONDON; April 16.

that there was a deficit in respect of the estimate In the House of Commons.replying to Com on tea, the reduction of the duty not having increamander Kenworthy, Mr. McNeill said Russia had sed the consumption to the extent anticipated.

BUDGET RESOLUTIONS AGREED TO

LATER

The Budget resolutions were agreed to.

IMPERIAL ECONOMIC CONFERENCE

CROWN

COLONIES

REPRESENTATION

LONDON, April 16

In the House of Commons Capt. Berkeley suggested that in view of the economic importance of the Crown Colonies the leaders and lected members of Legislative Councils and the most re cently retired ex-Governors of each of the principal, "Coronies should be invited to stised the

econontic conference in an ad

Bridgeman replied that bey

· present to add to the

NEW US, LIGHT

not been invited to the conference at Lausanne,

IRISH TRANSPORT STRIKE.

CROSS-CHANNEL SERVICES SUSPENDED,

NEW LONDON, April 16: Cross-Channel services between Liverpo Dublin and Dundilk have been suspended, to a strike of the Irish Transport-workers. Union

against a national roduction of seafarers wages, -

JAPANESE MOTOR SMASH VICTIMS.

"AMERICAN GRAIN

BUSINESS NOTICE.

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Have you noticed how the cockroaches are increasing again? That is because you are not using

FLETCHER'S BEETLE VIRUS, :

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THE PHARMACY

JUST OPENED

NEW MATERIALS IN ALL COLOURS

STOCKINGETTR

at $4.00 pår yd.

CREPE DE CHINE

at $2.50 per yd,

at $3.00 per yd.

$2.00 per yd

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EXPORTER OF

Swaton Draw-thread Work and Canton. Embroidery in fneed

Quality of silk and linek.

Dealing in Ivory, Brasi, Pewter, Cloisonne and Easquar.

darin Costumes and Shawls are our most popular stooks.

goods Fresh and Moderata in price.

No

Queen's Road Central

has been laur