1938-01-27 — Page 7

THE CHINA MAIL, JANUARY 27, 1958.

Page

JAPANESE PEOPLE TO PAY PRICE OF CHINA HOSTILITIES Substantial Increase In Taxation Being Prepared U.S NAVY CHINA TO PAY SUPPLY

EVEN TRAVELLING ON RAILWAY IS TO

BE TAXED

Tokyo, To-day.

Taxes on almost every-conceivable thing will be in- creased in Japan next year under the Tax Bill, which is expected to bring the nation a further 300,000,000 yen.

The measure is being submitted for study to the Ministry of Taxation investigation committee

BILL

The ̄ ̄ ̄ ̄ ̄ Senate --

Washington, To-day.

appropriationsTM committee yesterday approved the Naval Supply Bill amounting to $549,227,000.—Reuter.

on Jan. 30, and a few days later is being pre- UNITED STATES

sented to the Diet.

а

Next year, the Japanese taxpayer will have to pay higher taxes on income, gasolene, sugar, tea, coffee, saki, a special sales tax for jewel- lery and luxuries, he will pay special Tevy per mile for train travel, a new building levy for building a house costing more than 10,000 yen, and a special tax for theatrical shows.

NATIONAL

MOBILISATION BILL IN JAPAN

Tokyo, To-day.

PROTEST

SOVIET

TO

Moscow, To-day.

INTEREST ON

DOMESTIC LOAN

Shanghai, To-day.

Full interest is to be paid at the end of this month on the Chinese Government consolidated domestic loan, the "North China Daily News" learns from local banking circles.

Interest will be paid in "Wei Wah" notes, in view of the strain put on the Government's finances by the hostilities.

Interest on the Government loan is payable twice yearly, on July 31 and Jan.

the 31, and in spite of hostilities, the half yearly dividend will be distributed to bondholders as usual, these circles are reported to have stated.

Interest on the loan,

at 3 per cent., will amount to over $5,000,- 000.

Total amount of the loan is ap- proximately $50,000,000.

A sharp note of protest was handed to the Soviet Foreign Office yesterday by the United States The Government has explained charge d'affaires in connection representatives of political with the detention of an American

· LOCAL, BANKERS parties that the National Mobilisa-subject, Mrs. Robinson, and refusal

Most of the bondholders are lo- tion Bill may be submitted to the to allow a member of the United cal Chinese bankers and private

States Embassy to visit her injindividuals. Diet next month.

The Bill, which will supersede | prison. the Munition Industry Mobilisation It will

Increases are being made in taxes on individual and corporate in- comes on interest accruing from bank deposits and debentures and to on corporate capitalisation.

Exemption from payment of taxes will, if the Diet approves the Treasury's proposal, begin at 1,000 yen annually, instead of the present 1,200 yen.-Reuter.

ABYSSINIAN HOSTILITY

Rome, To-day. The statement of the Ethiopian Legation in London, claiming that Abyssinians were still under arms against Italy, is very strongly deni- ed in official quarters in Rome.

Robinson

The Government's action, ac- cording to Chinese bankers, indi- be recalled that Mrs. [cates that the Government's finan- Act, can be invoked in wars or in-

and her husband were ces are in sound condition--Reu- cidents for mobilising the whole of

taken into custody several months ter. the national resources, both per- sonal and national, but will not be ago by the G.P.U. on suspicion of applied to the present China Inci-espionage activities.

dent.

The resources which can be mobilised comprise arms and am munition, war vessels, clothing, provisions, beverages, fodder, che micals, médicines, drugs, ship- ping, aircraft, rolling stock, vehi- cles, horses, communication ap- It is stated that Italy is in full paratus, machinery, building ma- control over every part of Ethiopia, terials, lighting apparatus, fuel, and it is suggested that the Ethio- electric power, raw materials and pian statement was designed to all manner of war supplies. prevent any step by League of Na- The Bill also provides that the tions' members in favour of future Government is empowered to res- recognition of Italy's Ethiopian Em-trict or suppress labour disputes, pire. Reuter,

DISTINCTION FOR DR. W. KOO

Geneva, To-day.

Dr. Wellington Koo was the only representative on the League Coun- cil yesterday who could pride him- self on having attended one of the first meetings of that body many years ago, "****

Dr. Koo was present for the first time at the twelfth meeting of the Council in Paris in 1921.--Trans- Ocean.

NEW NAVAL BASE FOR RUMANIA

Bucharest, To-day, Rumania has ordered a large dredge from England in connexion with construction work on a new naval base.

control or restrict declaration

· of dividends or increase in capitalisa-, tion of companies and to control the press, both domestic and news messages to abroad. Reuter.

KING'S VISIT TO R.A.F. COLLEGE

London, To-day. The King spent over three hours at the Royal Air Force College at from Cranwell to which he flew Sandringham yesterday morning.

He inspected the Cadet's instruc- tional workshops and the engine and signal repair sections and lunched with the cadets in the dining hall.

In the course of the tour His Ma- jesty met several members of the staff he had known v when he served at Cranwell as an officer in the Royal Air Force in 11 and 1918.

Seven electric cranes have also Later, the king re-entered the aero- been ordered, five from Germany and two from the United States.—— Trans-Ocean.

plane piloted by the Captain of the King's Flight and returned to San- dringham-British Wireless.

Miss V. Buchanan, passenger on For some time it was impossible the Empress of Russia, has report- to discover the whereabouts of the led, by wireless, that a suit case couple, and it was not until recent-containing clothing to the value ly that the United States Embassy of $615 was taken on board was informed of the reason for the ship yesterday afternoon and was couple's arrest-Trans-Ocean. 'later found missing.

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