1940-04-29 — Page 12

Go Empress

ONE MANAGEMENT DIRECT to North America and Europe!

EMPRESS LUXURY

Speed across the Pacific by luxurious Empress

Victoria

stop over if you and Vancouver in Canada's Evergreen play-

liners, then wish ground.

+

•

NEXT SAILING FROM HONGKONG

THIRD WEEK IN MAY (Omitting Honolulu)

Fast through Air conditionED trains from ship's side at Vancouver take you through the Ma- jestic Canadian Rockies-Lake Louise, Banff-600 miles of travel through Marvelous Mountain Scenery. Niagara Falls and the Great Lakes can be included optional routes on your coast-to-coast trip. Stop over anywhere you wish.

аз

a

Then Montreal and Quebec, gay French-speaking cities on the famous St. Lawrence Seaway, and quick crossing to Europe by one of Canadian Paci- fic's Atlantic fleet.

NEXT SAILING TO MANILA THE SECOND WEEK IN MAY

Travel

Agent

For Full Information Consult Your

Union Buliding

Hong Kong

Telephone 20762.

OR

Canadian Pacific

World's Greatest Travel System

PRESIDENT LINER

Sailings

TRANS-PACIFIC SERVICE

To

SAN FRANCISCO & LOS ANGELES Via Shanghai, Japan & Honolulu ROUND-WORLD SERVICE

To

NEW YORK & BOSTON Via Manila, Singapore, Penang, Colombo, Bombay, Suez, Port Said, Alexandria, Naples, Genoa.

** AMERICAN ⋆* PRESIDENT LINES

“ ROUND-WORLD SERVICE.”

AGENTS FOR T.W.A. AND UNITED AIR LINES. 12, Pedder Street.

Telephone 28171.

IF YOU ARE TOO BUSY TO WRITE HOME-DON'T. Just Post a Copy of the Overland China Mail which gives all the News there 18

Both Local and Coastal

THE CHINA MAIL, APRIL 29, 1940

“BUDGET OF DELUSION"

CHANCELLOR UNDER FIRE FOR NOT TAXING ENOUGH!

London, To-day.

"A SOUND BUDGET" and "A Budget of Delusion" these two headings to leading articles reveal the difference of opinion held by the British Press in connection with the new budget.

The former is from the "Spectator," which follows the line of reasoning of the Chancellor of the Exchequer who, the paper says, made a fair dis- tribution between borrowing and taxation.

of the other taxes, with the reception of It approves

the raising of the postage rate.

The other heading comes from the [jor contribution towards paying. for "Economist", which is very critical.the war. More should be done to The Chancellor missed the opportunity | Increase savings, even if all forms, of would expenditure must be brought under to introduce a budget which

have served as a promise of resolute control. action, and would have given people

The "Sunday Times" says that the

a chance to demonstrate their pas-British people cannot be taxed with- out their own consent, and no people slonate desire to serve the State.

Usually, discussion of the budget is in that position have ever been taxed concerned with the details, the totals so, heavily...

the Yet the principle criticism of generally being taken for granted.

about Chancellor has been to imply that he This year, the discussion was the totals, and rightly so, continues should have asked for, more sacrifices, not less, and one could desire no bet- the "Economist.”

ter evidence of the nation's resolu- tion than the reception given to last Tuesday's budget. Reuter.

Inadequate

The £2,000 millions is "miserably inadequate." It represents £5,500,000

we

a day, but already, last month, were spending £5,000,000 a day. Doer the Government really wish us to be-

SEVENTH

lieve that the most it can manage in MONTH OF

the next 12 months for our war ef-

fort is only one/tenth more than now?

The Nazis are said to be spending BLOCKADE

on

we

around £3,000 million this year war. Is there any pretence that can win this war with a smaller ef- fort than theirs?

(It should be pointed out that in connection with this figure of £3,000 million, frequently referred to, that the Nazis do not publish their budget like we do and that one Home paper suggests that the figure was put out by Doc. Goebbels just to impress the world),

The "Economist" is also dissatis-

on. beer,

(SPECIAL TO "CHINA MAIL")

TIENTSIN, YESTERDAY. ALL BUILDING ACTIVITY IN

THE BRITISH AND FRENCH CON- CESSIONS, USUALLY BRISK AT THIS TIME OF YEAR, IS PRACTI- CALLY AT A STANDSTILL OWING TO THE JAPANESE BLOCKADE WHICH IS NOW ENTERING ON ITS SEVENTH MONTH.

1. Many buildings in the two Conces- fled with methods, The-taxation pro- sions have been left uncompleted and posals bear heavily only on the epe-some, pessimism prevails regarding cific points on which they are im the possibility of resuming work on posed. The Increases

them as long as the present situation spirits and tobacco are "stiff" and lasts. the Increased in postage rates “pen-i al," but the Increase in taxation a whole la light.

The Newcomer

де

The price of timber has more than trebled and the cost of bricks-rose sixfold Steel has also risen-about 200 or 300 per cent. Ordinary-con- crete is obtainable with difficulty at a cost of more than six tlines its for- Hayaa

The new purchase tax is an inter- esting newcomer, but it is not a ma-mer value.

TRAVEL A.-O. LINE

TO

AUSTRALIA

CALLING AMANILA, THURSDAY ISLAND,

CAIRNS, TOWNSVILLE, BRISBANE, SYDNEY AND MELBOURNE, ETC: NEXT SAILING

EARLY IN JUNE, 1940.

For Freight or Passage, apply to

BUTTERFIELD & SWIRE

Agents

Hong Kong, China St Japan.

Tel. 30332