1938-04-05 — Page 6

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THE CHINA MAIL, APRIL

1938.

IM. BLUM'S CAPITAL LEVY

ALHAMBRA FOR NATIONAL DEFENCE:

NATHAN: ED, ROWLOOT-DA!

TO-DAY AND TO-MORROW

LITTLE CAESAR vs. MARKED WOMAN See WAYNE MORRIS, Warner Bros. New Find!

WAYNE MORRIS

EDWARD G.

ROBINSON BETTE DAVIS

Kid

Galahad

with

HUMPHREY BOGART

w

JANE BRYAN Harry Carey William Haade

Songs by M. K. Jerome and Jack Scholl - Directed by MICHAEL CURTIZ»A Warner Bros. Hit

THURS..

IN THE COCKTAIL

George Brent . Anita Louise

in "THE GO-GETTER”

AFTER THE SLUIM

FOR THE GOLFER

THEERING

SHEERING

FRAPPE

SENATE REJECTION LIKELY

Paris, To-day.

The Premier's Financial Bill includes a tax on the sliding scale beginning at four per cent. on capital of 100,000 francs. The 40-hour week will not apply to factories engaged on national defence production.

The Bill refers to the need for improvement in the yield from income tax. This will be achieved by raising the rate, certain privileges of ren- tiers will be abolished, repayment of the public debt suspended for two years, and national de fence firms will pay excess profits.

AS A LIQUEUR

RENTS COMMISSION

The Commission appointed by His Excellency The Governor to investigate the recent rise in rents in the city of Victoria and in the Kowloon Peninsula has now con- cluded its enquiry and submitted its report to His Excellency The Governor.

The Chairman and Members wish to thank all those who have provided written or oral evidence. and who have thus greatly assist- ed the work of the Commission.

UNION TRADING COMPANY WIN CLAIM

INA LONG DRINK

P. F. HEERING

Cherry Brandy.

Obtainable Everywhere.

Text of the Finance Bill shows a progressive capital levy on for- tunes above 150,000 francs, and not 100,000 francs, 25 forecast The tax will be payable by all resi- dents, including foreigners.

All must submit details of their capital. within six months.

The tax is 4 per cent. on 150,000 francs, rising to 17 per cent, over 50,000,000 francs.

RADICAL SOCIALISTS The Radical Socialist group ap- proved M. Leon Blum's Finance Bill by 28 votes.to 22, with about 25 abstentions.

Latest view is that the Bill will be passed by the Chamber but that there is not the least hope of the Senate's approval.

The Finance Commission of the Chamber approved the Bill by 25 votes to 18, with one abstention.

It is leamed in the lobbies that Government spokesman estimate the yield from the capital levy, which may be paid in from one to ten years, will average $12,000,000 a rear for ten years.

The Union Trading Company, RIGHT WING CONDEMNS represented by the Hon. Mr. Leo With other measures under the D'Almada, Junior, was awarded Bill, new resources available will judgment with costs, against the total about $57,000,000 per year, Kwok Man Chau Ka (Company) from which must be deducted and Chiu Chiu-ting, managing nearly £6,000,000 as the estimated partner, and the Tung Hing Com-total taxation reliefs. pany, and Li Po-yuen, one of the The Socialist parliamentary managing partners thereof, by the party has unanimously decided to Chief Justice, Sir Atholl Mac-support the Bill Gregor, at the Supreme Court this The Right Wing Republican morning, in an action for $6,189.48, Federation unanimously condemn- balance due for old newspapers. ed the proposals as a programme Defendants were represented by for a Marxist revolutionary dicka- Mr H. Somerset Fitzroy.

torship. Reuter.

JUNK ROBBED OF VEGETABLES

In his judgment this morning, the Chief Justice said that Chin Kwok's defence was that he had been defrauded by his employees, who made use of his "chop" which he left in a drawer to which aying juak, has reported that while member of the staff had ready off Man Chung, in Chinese

access. In spite of that attitude

he did nothing, and acquiesced

in the continued

moment of i

Kwok Cho Lee, master of a trad-

tory on Friday, a Japanese raval rentor boat came

alongside Th

Chiu Chin-ting and Chan Tok by sailors boarded his junk and took the Tung Hing Company, trans-away his cargo of vegetables. The

set him free and he made his "way ferees of his business.

"No honest man, righteously into Cheung Chan where he made the creased at the abuse of his cun- report. fidence by his employees, could so

have conducted himself. I find, of his creditors. A transferee's without hesitation, that Chiu Kwok remedy is a simple one, the giving was fully aware that the contracts of the prescribed notice coupled sued on had been made in the name with a statement that he does not of and on behalf of his firm and intend to assume all the liabilities that Chin Chiu-ting and Chan Tok incurred in the business by the were his accredited agents. There-transferor In the present co fore, there will be judgment against transferor and transferees chose first defendant firm "

ignore the provisions of the TUNG RING CO.

ance. Had there been no Referring to the Thing Hing Com- plaintiffs would have been pany, His Lordship, said, “I have to look to the transferor's already referred to the effect of as a means of recovering the agreement between Chiu Kwok judgment. A transfer in- and the Tung Hing Company as a of the Ordinance, does not in my transfer of the business. The mis- opinion, deprive them of that right chief aimed at is the debtor's of recourse. There will be judg divesting himself of his business ment for plaintiffs against beth to the detriment of the whole body defendants, with costs."