rage
THE CHINA MAIL, APRIL 22, 1937.
SOCIALISM IN OUR TIME
New Tax Called
SIR ARCHIBALD 'SINCLAIR
LOCAL TRAFFIC
ACCIDENTS
Weekly Return
In the Colony of Hong Kong last week, there were altogether 42 traffic accidents, as the result of which 3 persons were killed and 17 persons were injured.
Of the persons killed, a Chinese male, aged 45 years, was knocked down and killed by a private motor car whilst walking across the road. A Chinese boy was knocked down and fatally injured by an unknown vehicle whilst walking across the road.
Of the persons injured, 11 were pedestrians, who were either walk ing or running across the road and were struck by vehicles.
Three tramcar passengers and 2 bus passengers were injured while alighting from moving tramcars and motor buses respectively..
A motor cycle driver was injured as the result of a collision between two vehicles.
Of the 42 accidents, 16 were col- lisions between vehicles; 18 were collisions between vehicles and
due to other causes.
Vehicles
Number
Partnership In Profiteering
Sir Stafford Cripps Ironical On New Profits Tax
London, To-day.
Conservative doubts on Mr. Neville Chamber- lain's proposed Growth of Profits Tax were sum- marised in striking fashion in the House of Com- mons yesterday by Sir Robert Horne, a former Chancellor of the Exchequer.
Appealing for a clearing up of the obscurities attached to the tax, Sir Robert asked whether the national defence contribution was computable be- fore or after income tax assessment.
He also sought information respecting depre- ciation, especially as regards shipping.
SIR ROBERT GENERALLY SUPPORTED THE VIEW THAT EXCESSIVE PROFITS FROM ARMAMENTS WERE A PROPER SUBJECT OF TAXATION BUT IT WOULD SEEM, HE DECLAR- ED, THAT THE PROJECTED TAX WENT FURTHER BE- CAUSE IT INCLUDED A VAST NUMBER OF FIRMS NOT CON- NECTED WITH MUNITIONS WHO WERE INJURED RATHER THAN BENEFITTED BY THE ARMAMENT PROGRAMME. SHIPPING COMPANIES WERE DISMAYED BY THE PROSPECT,
Sir Robert pointed out that in- come tax, plus the national de- fence tax, would aggregate as high as 45 per cent. and 75 per cent, where surtax was payable.
sition from the present form of economy to a "newer and better form."
SIR ROBERT HORNE
MUTINY OF GERMAN "REBELS"
LONDON, TO-DAY. GERMAN TROOPS FIGHT- ING ON THE SIDE OF THE INSURGENTS IN THE VIC- TORIA SECTOR HAVE MUTI- NIED, ACCORDING TO A BAS- QUE REPORT.
sending the
The insurgents are three divisions to suppress. He hoped that in years to come | rising, adds the report. Mr. Chamberlain's example would 3 The report of the mutiny, be followed and the tax would be-which has not been published in The new tax would be most detri-come a permanent feature by which Germany, is ridiculed by the Ger- mental to new firms and he feared private industry would gradually man Ministry of Propaganda. a check upon the country's enter- be replaced by national and State- prise.
owned industry.
CHECK ON ENTERPRISE
Sir Stafford Cripps (Labour Bristol East), said the Growth of Profits Tax could be used by subsequent Chancellors as a valu- able device in a period of tran-
The German standpoint generally
"It may be a device which will is that there are no German troops enable
us to terminate the in Spain. capitalist system much earlier than we would otherwise be able to do," he declared.
LIBERAL LEADER'S ATTITUDE
London, To-day.
Many foreign observers be- lieve this to be true in the sense that there are no individual de- tachments in the army but the Germans do not deny there are a number of volunteers.
Other Germans in Spain are pro-
bably mostly technicians connected ground forces, but it is understood that German experts are becoming increasingly less interested in the Spanish adventure-Reuter. thodoxy and his recourse to direct taxation of profits to meet the re- quirements of the new Budget.
Mr. Chamberlain has, in fact, be- come unpopular with his political
with the air force and mechanised
Partnerships in profiteering was one of the pedestrians; and 8 accidents were descriptions applied to the Growth of Profits Tax when the House of Commons began consideration 25 of the Budget proposals in earnest yesterday.
MR. PETHICK LAWRENCE, FOR THE LABOUR PARTY. WANTED TO KNOW HOW THE CHANCELLOR'S PLAN FOR THE NATIONAL DEFENCE CONTRIBUTION WOULD WORK IN A NUMBER OF WAYS AND EXPRESSED THE HOPE THAT THE TREASURY HAD TAKEN TO HEART THE MISTAKES LEARNED IN CONNECTION WITH THE WARTIME EXCESS associates, one of whom, Major Wil- PROFITS DUTY.
Private motor car.
Motor Lorry
9-
Public Motor Car
5
Motor Bus
3
4
5-
4
2
Motor Cycle
Tramcar
Bicycle
Tricycle
Rickshaw
NNA
TURKEY FALLING INTO LINE
Youth Movement On Compulsory Basis
the
liams, declared at a public meeting yesterday that the new Growth of
Sir Robert Horne paid a high tri- taxation, which made the Govern-Profits Tax was "demoralising.” bute to the Chancellor's conduct ment a partner în profiteering,
Other Conservatives are making of the nation's finances during his Sir Alan Anderson thought that no attempt to hide. their opposi- long period of office.
a "measure such as a national de-tion to what they regard as an un- He had pursued under difficulty fence contribution was an absolute just scheme to make the wealthy a course of resolution and rectitude necessity when the whole of the bear the burden of rearmament. with
the
result that the country was people were being called upon to
COST OF LIVING Mr. F. W. Pethick-Lawrence envy of the world. Sir Robert bear a heavy burden, although he Horne, however, who was critical admitted that schemes for taxing (Labour member for Edinburgh of the proposed national defence excess profits were full of difficulty East), expressed, opposition to the contribution the scope of which and danger and generally unsatis-Budget, which he said, would he thought was too wide, said that factory. the opportunity should be seized The debate is continuing.—Bri- All boys and girl
between the for securing a trade agreement with tish Wireless. age of 14 and 21, says an announce the United States. -ment, are to join the “Ataturk-Lear¦ Sir Archibald Sinclair attacked
gue,'
youth organisation what he described as the Chancel-
Istanbul, To-day. Turkey is falling into line with other nations who have mobilised their youth.
TORY GROUP IN REVOLT
London,” To-day:
crease the cost of living.
in-
Sir Archibald Sinclair, the Liberal leader, contended that the new-Bud- get meant that the public would be taxed to the utmost capacity.
On the other hand, the Left Wing
"the new
It is becoming more and more named after the present Dictator, lor's protectionist policy and indicat-apparent that a section of the Con- section of the Labour Party is servative Party is up in arms evidently well pleased with some Members of the new organisationed that the Liberals would have pre- will receive preliminary military ferred strict control of
against Mr. Neville Chamberlain's aspects of the Budget. Trans- training. Trans-Ocean.
́ment prices rather than a scheme of departure from rigid financial or-Ocean.
arma-
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