1939-09-28 — Page 5

THE CHINA MAIL, SEPTEMBER 28, 1989.

SEVERITY OF TAX INCREASES NOT UNEXPECTED

London, To-day.

THE SEVERITY OF THE tax increases announced by the Chancellor of the Exchequer was not unexpected, and his proposals which, apart from minor criticisms, re- ceived the approval of the Opposition leaders who spoke later, have been generally accepted by the public as a demonstration first of the determination of the country at whatever cost, to see the war through to victory, and secondly of the immense resources upon which the Government can call in the struggle which lies ahead.

The scheme of Sir John Simon's plans for obtaining the additional £226,500,000 in a full year by addi- tional taxation superimposed on a tax system itself estimated in the last budget to yield £942,310,000, is con- tained in the passage of his speech in which the Chancellor explained that the economic problem of the war was to secure a reduction of the private demands on industry corresponding to the enormous

expansion of the Government's demanda.

FIRST DUTY

TWO TRADE MISSIONS

FOR LONDON

Copenhagen, To-day. A Danish trade delegation lott Oslo yesterday for London to discuss im port and export questions. ·

The delegation flew to Amsterdam, and is continuing from there by sea.

The Hague, To-day.

NEW ADVERTISEMENTS

NOTICE TO SHIPPERS OF CARGO FOR THE UNITED KINGDOM

Shippers are warned that, owing to Government control of possible to discharge cargo at the merchant shipping, it may not be port in the United Kingdom to which it is consigned. In such an at any port in the United King event cargo may be discharged dom, where the carrying vessel's voyage will be held to have been terminated and responsibility un- der Bill of Lading to have ceased.

Blue Funnel Line, Agents, BUTTERFIELD & SWIRE.

PUBLIC AUCTION

The Undersigned have received instructions from the Liquidators to sell by Public Auction on Friday, the 29th. September, 1939

commencing at 10.30 am. at Nos. 1 and 2, Longsight Villas,

Victoria Road. (just below Felix Villas) "Lower Terrace." A Quantity of

VALUABLE HOUSEHOLD

FURNITURE

comprising:-

The delegation will be headed by the director of the commercial trea-One Fine Modern Style Drawing ties department.-Reuter:

If the Government did not secure such

a reduction, there would be-Reuter. competition between the Government and civilian demands upon the avail- A Netherlands delegation has been able resources and, therefore, his first appointed to go to England and dis- duty was to use taxation as an instru-cuss questions of neutral shipping and ment for curtailing civilian expendi- trade. ture and directing it into the proper channels.

The Chancellor sketched the rough order of the priority of demands, starting with those in connection with the direct prosecution of war. Next came the need to home production of food. other demand for which must be made was the maintenance of the export trade.

increase And the provision

The same point was made by the President of the Board of Trade in an answer before Sir John Simon rose to make his 75-minute statement.

Mr. Oliver Stanley said the Gov ernment would use every effort to ensure that the

country's exporting capacity was used to the best advan- tage.

ALL ECONOMIES-POSSIBLE

:

Before be sat down, Sir John Simon gave an assurance that all unnecessary expenditure in British Government Departments would be stringently cur- tailed, and appealed at the same time for the avoidance of waste in any form by the 'public.

The Chancellor concluded by a com parison of the financial position and the prospects of Britain and Germany. He said: This emergency budget will indicate the gravity of the finan- cial and industrial problems involved in waging war, but let us take a few moments of comfort by way of com- .parison.

con-

GERMAN INFLATION However serious our problem may be the financial problem which fronts Germany is infinitely greater.

-The pound sterling remains, when all is said and done, an accepted me- dium of international trade. The pound sterling is available for all proper of purposes at the official rate of CX- change which is published daily.

On the other hand, even before the war, the official rate of the German mark really meant nothing at all. There were 50 different kinds of marks, each showing a different de- gree of depreciation..

At present, the German marke has no position as an international cur- rency and is likely rapidly to lose its value as an internal currency. The Inflationary tendency in Germany Is bound to develop further under war conditions-British Wireless.

DEFENCE COUNCIL FOR BURMA

-Rangrön, Tasday,

”A” Defence: Council has been forth-

TRADE UNIONS

AND WAR ·

London, To-day. The General Council of the Trade the question of trade union relations Union Congress has been considering with the Ministry of Supply and a number of other emergency matters.

The Council has decided to ask

the Prime Minister to receive a de- putation to discuss these questions.

The Council has received an invita.

tion to meet the Minister of Labour together with representatives of or- ganised employers for a joint discus“

sion next week in regard to the set- ting up of a National Advisory Board as suggested in the scheme proposed by the General Council-Reuter.

ia. In" Burbia to deal with problems: Fother than those in the sphere of the:||::

military: cenathared: A

}

"Chairman of the (Countcll will be "B the Governor, Sir ArchibaRI: Cochrane. ----Reuter

OFF THE RECORD

Room Suite:

One Modern Dining Room Suite One Pair Teakwood Bedsteads with Simmons Springs and Beauty Rest Mattresses and Furniture to match.

also

A Quantity of other Household Glass Ware, Cutlery, Electric Furniture, Cut Glass and other Heaters, Lamps, Cooking Uten- gils, Plants in Pots, etc., etc.

and

One Frigidaire

On View from Thursday, the 28th September, 1989.

Terms: Cash on Delivery Take Bus No. 3A-(Felix Villas)

LAMMERT BROS.,

Auctioneers. Hong Kong, 27th Sept. 1939.

By Ed Road

SPEED

ONE WAY

NO TURN EXCEPT ON GREEN

LIMITS

25MLE

KEEP.

PARKING

THOUR

Bus STOP

MOVING

read, Officer, but good gracious, I'm not

Lack

EWO BEER

Page 5.

PUBLIC AUCTIONS

The Undersigned have received instructions from the. Liquidator, to sell by Public Auction on Friday, the 20th September, 1989 at 2.30 p.m.

at Room No. 5, 4th. Floor, Pedder Building

A Quantity of Office Furniture at 8 o'clock p.m.

at Room No. 307, York Building A Quantity of Office Furniture at 3.15 p.m.

at Room No. 307, Bank of Cast Asia Building, A Quantity of Office Furniture

at 8.30 p.m..” .

at Room 55, No. 10, Ice House Street (Stock Exchange Building)

A Quantity of Office Furniture at 8.45 p.m.

at Room No. 83, Stöck Exchange Building

A Quantity of Office Furniture Immediate Delivery Terms: Cash on Delivery

LAMMERT BROS,,

Auctioneers. Hong Kong, 27th Sept. 1989.

SEE ROYALS

NEW NO.1

with

MAGIC MARGIN

"I don't work as fard as I did and. I do morel Royal's New No. I is easier, faster...

BETTER TYPING

"It's grand to have your boss praise—I meas actually rave over you typing. That's exactly what's happened

LOWER COSTS

"I've noticed .........already! latters seems to come through right, faster-malnie we took

of the New Flosalala

FINEST

MOST

EFFICIENT TYPEWRITER

EVER PRODUCEDI

The OFFICE APPLIANCE

LIMITED

Queen's Bldg., 2nd

ROYAL

28607

THEN FIR WORLD'S NO. I LOUWPLTER