1938-05-03 — Page 24

Decree Of Laws Approved In Paris

Paris, To-day.

The decree of laws was last night approved by the Council of Ministers providing for a uniform increase of 8 per cent. in direct and indirect taxes, as well as a surtax on firms working on national defence.

It is announced that a National, credits to the whole French eco- Defence Loan is being issued at a nomy, especially to firms working later date.

for the state.

1

The decrees provide for reduc-

Under the present system, firms tions in taxation for firms improv-supplying the state will be able to ing their plant.

secure cash, even when their con- Exporters will be helped by a tract is not completely fulfilled. certain measure of exemption

from taxation, while tax reductions The Government describes this are also being granted to landlords who replace slum property.

The decree aims at making easier for firms to secure credit.

TOURIST TRAFFIC

it

of

The tourist industry, as one the main industries, will be help- ed by a reduction in railway fares and a reduction in the cost of pe- trol for tourists staying more than six days.

system, involving an increase in bills, as simply making better use of the resources of the monetary market, and in no way as being in- flation.-Reuter.

SMALLPOX

The Health Returns for the past! week show a total of 55 smallpox in-cases, of which 40 proved, fatal. Twenty-eight were in Kowloon, 14 in, Victoria, ten in the Harbour, two! in the New Territories and one in Aberdeen.

Petrol is generally being creased by approximately two-pence a gallon..

GRANT OF CREDITS

In the last 24 hours only three cases were reported, two in Victoria and one in Kowloon.

A report to President Lebrun on the series of decrees states that the Government judges it neces- There were 131 deaths from tuber- sary to facilitate the granting of culosis in the past week.

RAINCOATS

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THE CHINA MAIL, MAY 3, 1988.

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DEATH.

LEE FU.. At the Kowloon Hos-

pital, suddenly — May 2nd.. Lee Fu (Avue) aged 35 years. The faithful and devoted ser- vant for eighteen years of Mrs. Harry Woods and the Misses Aileen and Doris Woods,