1937-06-17 — Page 11

THE CHINA MAIL, JUNE 17, 1937.

NEW H.K.-EUROPE AIR SERVICE Agreement With France Believed To Be First Move

SIMON'S SIMPLE TAX ON PROFITS: MASTERPIECE OF BREVITY AND LUCIDITY

The rate will be five per cent.

in the case of companies and four per cent, in the case of firms and· individuals.

undertakings

London, To-day. The new Growth of Profits Tax substituting the National Defence contribution, will oper- ate for five years, from April 1, 1937, to March 31, 1942, thus coinciding with the period for which borrowing was authoris- ed under the recent De-yield in a full year is estimated at fence Loans Act.

Public utility will be exempt. Assessments will be made on sim-| ilar lines as on income tax.

EXEMPT AT £2,000

Profits below £2,000 are exempt

SIR JOHN SIMON

and one-fifth abatement is allowed British Safety

between £2,000 and £12,000. Total

£25,000,000.

Remission will be granted in ne- It will apply to trades and cessary cases to enable industrial business of all descriptions, in-undertakings to be established cluding holding companies, but not the professions.

5,000 Killed Or Wounded In Kurd Revolt

Istanbul, To-day,

Details are just available of

depressed areas.

The new Profits Tax met with a cordial reception in lob- by circles, where it has been nicknamed not "Simple Simon's Tax" ..but "Simon's Simple

Tax."

À MASTERPIECE

in

In China

London, To-day.

HANOI PROBABLE MAIN BASE

PARIS, TO-DAY.

AIR FRANCE AND THE GERMAN LUFTHANSA HAVE AGREED TO THE TERMS OF CONVEN- TION FOR CLOSE COLLA- BORATION IN THE FAR EAST, SOUTH ATLANTIC AND NORTH ATLANTIC.

The agreement, which is secret, will be submitted to the respective Governments but it is believed that France has secured advantages due to the fact that the Germans require to fly over French territory.

Hanoi will be the base in the Far East.Reuter.

Conclusion of the agreement is seen here as confirming recent re- "No British subjects have been ports of the desire of Eurasia Avia- kidnapped or murdered in Chination Corporation to co-operate with in the last twelve months," the parent organisation, Lufthansa, stated the Foreign Secretary, in establishing Mr. Anthony Eden, in the House between China and Europe. of Commons yesterday.

He added, in replying to a ques- tion by Mr. H. Day (Lab. South- wark) that "beyond this it is impos- sible for me to answer the question Members of all parties generally seeking full details regarding the regard the tax as a masterpiece of extent to which the lives and pro- brevity and lucidity. while severe perty of Britons have been adverse- critics of the original Profits Tax ly affected in the course.

of the

are somewhat mollified.

a serious revolt of Kurdish tribesmen in the Dersim area. The tribal chieftains, according to official documents published yes-

In order to emphasise its prim- terday, are opposed to the Govern-ary object, the new tax will still be ment reforms.

The Government has sent 25,000 troops with aircraft against the rebels, who lost over 5,000 killed and wounded.

a new air service

It is understood that the ser- vice will operate between Pei- ping and Berlin, with Hong Kong or Hanoi serving as the junction between the China service and the European service.

The agreement seems to indicate that Hanoi will become the junc

over

In a nutshell, the new scheme year, but all possible efforts have tion, although Hong Kong will be-

been made to safeguard them. amounts to a tax on trade and

come a principle link in the chain. business profits not exceeding British subjects in Sian were evacu- "I may, however, mention that 1/- a Pound for a period not ex-ated successfully in January when Eurasia to link China with Berlin It was the original design of ceeding five years.

that town was threatened by civil by the much shorter route

Russia, which would reduce the distance to be flown by half, but it is felt that in the political situation as it exists to-day there is little chance of securing Soviet authority to fly over Russian territory for

known as the National Contribution.-Reuter,

Defence

The situation is now completely Slight Mishap To

under control, say the documents.

The Government casualties were 13 killed and 18 wounded. Reuter.

MILL OPERATIVES DEMONSTRATE IN CHANGSHA

Government Plant Lock-Out

Changsha, To-day. Having refused demands of the workers for better remuneration, Mr. Ngai Sang-tu, manager of the First Provincial Cotton Mill of Hu- nan, closed the mill yesterday and threw over 3,000 workers idle.

was

Royal Coach

London, To-day.

There was a slight mishap to the Royal coach when the King and Queen arrived at Ascot yes- terday. The coach caught the rails as their Majesties went down the course before the

races.

Their Majesties were most in- terested as the rails were clear- been ed after the coach had backed twice, the King smiling ly explaining matters to Queen-Reuter.

N.E.I. BUYS U.S. PLANES

war."Reuter.

BALLILA PARADE BEFORE HITLER

Berlin, To-day.-

some years to come.

SIX-DAY SERVICE

The new

Young Italy made an appearance establishment of a service following scheme envisages the

in Berlin yesterday afternoon when 300 members of the Ballila paraded Eurasia pilots when bringing new more or less the route followed by on the Wilhelmplatz before Herr Junkers planes out from Germany Hitler.

to China to Herr Hitler, in an address to the services. Following this route re- Italian boys, told them that Ger-cently, the Junkers-52, taking

many and Italy were faced with the same problems.

the

They had sought and found path that led from national potence to national strength national justice.

a

im- and

ideals,

Large Orders Given Last Month

Reply of the mill-workers to demonstrate in front of Govern- ment House the whole day yester-

Amsterdam, To-day. day demanding settlement by the

Netherlands East Indies Governor, General Ho Chien. There

were the biggest buyers of were no disturbances for they were aeroplanes in the American faced by fully-armed soldiers.

The

mar-

ket during May, according to in-

It is reported that the Hunan formation received here from the, Government has accepted the re-State Department in Washington. signation of the manager of the A total sum

Dominated by the same they no longer stood isolated in the world.

of

Above all they were united in the fight against Bolshevism, one the world's "greatest perils." Trans-Ocean,

GENERAL BECK NOT

VISITING LONDON

Berlin, To-day. General Beck, Chief of Staff of of U. S. $2,500,000 |the German Army, will not, as re-

ported earlier, visit London.

mill, and that Mr. Shiu Chang has was spent by the N. E. I., the whole been appointed to act. Our Own of the expenditure being for Correspondent.

laeroplanes.-Trans-Ocean..

augment their

China

things easily throughout, flew from Berlin to Shanghai in nine days.

Under air mail service condi- tions, the Hong Kong-Berlin section of the route would be covered în not more than six days.

Agreement with the French au- thorities to use Hanoi was a prere- quisite to the formulation of plans for the service, which are expected to proceed more rapidly, though ne- gotiations, which may take some time, will be necessary to secure permission to fother points en over India and

route.

Exhibition and will confer with General Gamelin, the French Chief of Staff.

་ |

An official statement says he will return directly to Berlin and will General Beck is arriving in Paris not make a trip to the British to-day, where he will visit the Paris 'capital.-Trans-Ocean.