1941-06-26 — Page 45

THE CHINA MAIL, JUNE 26, 1941.

PRIESTS FIGHT FOR CATHEDRAL

INCOME TAX: NEW STUDY

(Continued from Page

His Excellency the Governor sald: Before calling upon the St. George's Roman Honourable the Financial Secre- Catholic Cathedral, the bill to amend the War Re- tary to move the second reading Southwark, London, S.E., venue Ordinance I wish to men- was destroyed by fire in tion one important point in

upon which I regret that I failed a recent raid. The Sacra- to touch when I spoke on the sub-

ject on May 29., ment was saved.

Priests climbed. ladders to the

It

tion of our war effort Government had decided that the general in crease of the present rates should be 7 per cent. and 14 per cent.

Prospect Of Surplus

BOYS NOT

TO DO MEN'S WORK

Boys who are earning high wages clearing away debris in London may find labour ex- soon changes taking a special

Page

13

HONGKONG & SHANGHAI

BANKING CORPORATION,

Authorised. Capital

Issued and Fully Paid-up Réserve Funds?—

***Sterling

Hong Kong Currency Ho-

servo

Reserve Liability of Pro-

prietors

.$30,000,000 $20,000,000,

.£ 0,500,000

$10,000,000

,000,000

HEAD OFFICE: HONG KONG,

-BOARD OF DIRECTORS: Hon, Mr. J. J. Paterson, Chairman.

W. H. Lock, Esq., Deputy Chairman,

G. Miskin, Esq., . K. B. Morrison, Esq., Hon. Mr. T. E. Petros,

BRANCHES:-

Ipal Jobore Kobo Kowloon

Rangoon Baigon

San Franciscu Shanghai

Sir, I venture to think that there' is not a single person in the Colony who does not agree heartily with Your Excellency's observations. I have no doubt that the general interest in them, for the. K. Bourfold, Erg., A. H. Compton, Esq., public will be gratified if, as the London Regional Ad-L. J. Davies, Esq., It will not have escaped notice result of the Increased basic rates,

Hon. Mr. 8. H. Dodwell, Hon. Mr, A, TJ. Shields, for lofty roof of the Sanctuary, but that the bil still provides only the Colony can be put in the posi visory Council

Bir Vandeleur M. Grayburn incendiary bombs were out of two rates of taxation, the lower of tion of making a more effective Juvenile Employment has

Chief Manager, reach and the fire-fighters were which recognises that the lowest contribution to the war effort, but handicapped because they had taxable incomes cannot afford to what I believe the general public told the exchanges that it only stirrup pumps.

pay the full rate, the result being to be anxious about is this: will does not consider this is that all other incomes, how the prospect of a substantial sur- ever great, are taxed at the rate plus" accentuate the tendency, suitable work for boys. Bombay which is considered to be fair to which is so much deplored by the

The Restriction on Engagement the business which earns any pro-public, of extravagant expendi-Order requires employers needing Chatoo fit exceeding $50,000 p.a. and to ture on the part of Government. such workers to employ them only Colombe the salaried individual who earns I feel sure, Sir, that any assur-through the exchanges, who can Foonbo anything more than $5,000 p...ance which Your Excellency can

Mukden therefore take action against em-Haiphong after deduction of due allowances.give that any surplus will be faith-ployers who do not consult them. Harke

fully safeguarded and used only and can use their influence Quite obviously this crude for the furtherance of the Colony's those who do. grading does not completely war effort. or for essential local fulfil the Colony's obligations as services, will give general satis- a unit of the British Empire in

faction. war time, and equally obviously we are in duty bound to see that those obligations are so fulfilled.

The roof fire became so flerce that the priests were forced to descend. They fought the flames Inside the building until soldiers made them leave because of the danger.

is intact. The Bishop's House Services are being continued in a hall adjoining the cathedral.

Embassy.

Supertax Rates

and collect

Committee's

to

Terrible Ordeal

war.

from

Kuala Lumpus Singapor

Bangkok Batavia

Calcutta Canton

Lon Malacca Manila

Dairen

with Harbin

[loilo

London

Bourabaya

Sungel Patani

Swatoy Tientsia

Muar (Jobors) Tokyo

Now York

Poiping Perang

Tringtao Yokohama

of tho An- official

Council CURRENT ACCOUNTS opened in stated: "This sort of work leads Local Currency and FIXED DEPO. a lad nowhere and it does him SITS received for One Year or shorter no good physically, because he periods in Local and Other Currencies terms which will be quoted on la doing a man's work before he lon

application. is fit for it.

The exchanges have no power to prevent such employment, but the order does give us a measure of control.

SAFE DEPOSIT BOXES of various- sizes To Let.

TRUSTEE and EXECUTOR business undertaken.

Hong Kong, 26th February, 1941.

HONG KONG SAVINGS ·

BANK.

The Business of the above Bank is conducted by the HONG KONG AND Rules may be obtained on application, KONG AND FOR

HONG THE SHANGHAI BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager. Hong Kong. 1st March, 1937.

Store Burnt Out Thomas Wallis, the department' store in Holborn, London, founded there as a linen draper's shop in 1826, has also been burnt out.

the flames all Firemen fought

Whatever trials and tribulations night and next day, but only the

may lie before this Colony we are. tottering walls of the shop remain.

at the moment, living in security Some windows

For this inadequacy of the pre- at the U.8.

It may therefore Embassy were broken by blast sent measure I myself take the and comfort.

on our part

"The trouble has increased be- during a recent rald when an responsibility. By the time I had seem presumptuous H.E. bomb fell about a hundred returned to this Colony and had even to refer to the terrible ordeal yards away.

been able to look round, the Re- which is being undergone by civi- cause of the shortage of labour. In lians in battered Britain, or to re-normal times there was no need Incendiaries lunded on the constituted War Revenue Com-

fer to the unparallelled heroism to restrict the hours of work of Embassy, but fire-watchers put, mittee was well on the way them out.

cause no juveniles were employed its conclusions and in view of the displayed by the Fighting forces juveniles in this kind of job, be- in it. So now there is nothing to The Ambassador was in the War Taxation Department's need in the various theatres of

But I know that everyone in the for a statute on which to assess Colony feels these things deeply prevent their work/ig long hours, SHANGHAI BANKING CORPORATION;

earn current during the

and by doing so they can and with such assurance year, I decided not to add to the Your Excellency as I have indicat- /high wages.

"We find that a number of lads terms of reference

at to consider the ed I am certain that the public of

men's wages without any approach addition of higher basic or super-Hong Kong will cheerfully bear are taken on for this work the burden of increased rates. tax rates. That would

to the Exchange, In some cases have

and meant a delay that would have

they creep In by oversight thair ages are later revealed by THE CHARTERED BANK A decree nisi, with costs, was held the Department up seriously, course of action Justice Hodson The preferable granted by Mr.

to be to get the in the Divorce Court recently in appeared

War Revenue Or- favour of Mr. Philip Henry amended

on to the statute- Riseley, R.N.V.R., on the ground dinance of the adultery of his wife, book and then to appoint a com- Eleanor Mary Maxwell, with Mr. mittee of very similar composi- to consider the advisa- Charles Lee, partner in a firm of tion

either of replacing in metal brokers. Damages of £1,500 bility

1942-43 the War Revenue taxes COT- against the were awarded

Income Tax, supple- respondent, whose evidence was by

Excess in

by an New mented possibly commission given оп

Profits Tax, or, alternatively, of Mr. Justice Hodson, giving developing the rate scales of the judgment. said that the husband War Revenue Ordinance so as to salaries of moderate means, tax higher profits and

according to their full ability to pay. This I may say is my pre sent intention.

MANNEQUIN WIFE AND RICH MAN

York.

was a man

and his wife was said to be tall and attractive. She worked as a mannequin and was slated to be fond of gaiety.

any instruction

an

Mr. Lo's Speech Mr. Lee's financial position was obviously superior to that of Mr. Riseley. It was difficult to ascer- The Hon. Mr. M. K. Lo said that tain

Mr. Lee's in view of the very comprehensive to what extent display of wealth influenced Mrs. statement made by the Hon. the Riseley, but she seemed to have Financial Secretary when he mov- been carried away by the glamour, ed the First Reading of the Bill which he was able to give out.

at the last meeting of the Coun- cil, he proposed to say very little upon its provisions.

THE IDEAL RENDEZVOUSI

Mac's Cafe

THE PLACE TO MEET and EAT

Table D'Hote Tiffin $1.75

GRILL SPECIALITIES Ä LA CARTE

QUICK SNACKS

AIR-CONDITIONED

BUFFET BAR

TEA TIME DELECTABLES

FINEST HOME-MADE PASTRIES & CAKES

DINNER A La Carte Grill Specialities

HONG KONG HOTEL

that

"But I would like to say since the Report of the Reconsti- tuted War Revenue Committee

can

JUDGE AND WOMAN'S CLOTHES

Mr. Justice Cassels, in the -Fing's Bench, questioned a woman about her "somewhat ex- pensive investment" in clothes.

She

Powell, was Mrs. Kate Wigton Hall, Wigton, Cumber- land. She is suing Mr. Walter Joseph Reid, of the Royal Auto- mobile Club, for £575 7s. 6d. un- der an agreement made between them on June 19 last,

Mrs. Powell is claiming for the

loss of her car and personal pos-

and sessions when helping Mr. Reid France at the time of the col- lapse last June.

his wife

to escape

from

Mr. Justice Cassels remarked that Mrs. Powell's claim included "a considerable sum" for clothes

and asked. "How much did you spend on clothes before your hus- band died?"

was published I have received re-

Mrs. Powell replied, "I don't presentations regarding the Pro- fits Tax. -These representations know, but my husband was get- point out that whilst under the ting cross." She added that her Ita- lian dressmaker was a wonderful Salaries Tax a man with a wife,

woman and the clothes she bought deduct children and two

were to last her the rest of her $8,000 by way of allowance, un-

life. der the Profits Tax a man with a wife and children, carrying on a business, has to pay tax on profits in excess of $5,000 at 7 per cent. up to the first $50,000.

Mr. Justice Cassels adjourned the hearing.

CREDITORS PAID OUTSIDE COURT

Moreover, as these representa- tions point out, the position of a firm consisting of two or more partners with children is more aggravated, the disadvantage be-

Witnesses at the court-martial ing proportional to the number of partners. But, as the Hon, the of an officer in London recently Financial Secretary has pointed testified that they had been paid out, the reduction of exemption money due to them outside the limit from $10,000 to $5,000, under court the Profits Tax is to remove or re-

Sec. Lt. Philip Arthur Wilkin

duce the temptation to evasion by san; of the R.A.S.C., was found splitting up businesses into two or not guilty on 10 of 19 charges more firms, and I feel that the relating to cheques which it was disadvantages mentioned above alleged were returned when pre- must be regarded, more or less assented to his bank. The decision of the remaining the consideration for treating firms the court on as taxable entitles."

charges and, on a charge of No taxing measures can be drunkenness, to which Sec. Lt. expected to give universal entle-Wilkinson pleaded guilty, will be faction, and I therefore do not announced. propose to move any amendment In this mattor to-day,

For the defence it was stated that Sec. Le Wilkinson had been foolish and unbusinesslike, but there was no element of scandal, Every penny of the money-in-

But I do feel that this question should be reviewed in the light of the working of the tax during the coming year, and I reserve the volved had been paid that morn- right to bring up this question in ing. due course,.

their employment books. In other cases, foremen have just slipped them in.

"It is rather difficult to discover those cases of boys who were deliberately taken on without re- ference to the Exchange."

A boy earning £5 a week all the year through would pay £27 Income Tax.

LOCAL SHARES

BANKS

Hong Kong Bank $1315 b. Bank of East Asla $72 b.

INSURANCES Canton Ins. $215 b. H.K. Fire Ins. $180 b.

SHIPPING

H.K. Steamboats $8 b. Indo-Chinas (Pref.) $80 b. DOCKS, WHARVES, GODOWNS, ETC.

OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter, 1853.

Paid-up Capital

Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000 £3,000,000

£3,000,000.

HEAD OFFICE: LONDON1. 38, Bishopsgate, E.C.2. 117/122, Leadenhall Street, E.C2. West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch:

52, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES:

Hankrei

Hong Kong Hollo

Ipoh

racht Klang

Alor Star

Amritsar

Bangkak

Batavia

Bombay

Calcutta

Kobe

Fairlla Place Kuching

Modras

Manila

Gebu

Mudan

Panang

Rangoon

Baigo Foremban.

Bitiawan

Street Kuala Lumpur Tajine

Delhi

Haipbust

New York

Pelving

(Peking)

Tientela Tongkab

(Bhuket)

• Taingiao Yokohama

FOREIGN EXCHANGE and General Banking Business transacted.

H.K. and K. Wharves $88 b. H.K, Docks $15.35 b., $15.30 sa. Colombo Providents $5% b., $51⁄2 sa.

LANDS, HOTEL & BLDGS, H.K. and S. Hotels $3 b. H.K. Lands $32 b. H.K. Realties $3 b. Chinese Estates $90 h.

PUBLIC UTILITIES. H.K. Tramways $10.40 b. Star Ferries $52 b. Yaumati Ferries $21.35 b. China Lights (Old) $6 b., $6 sa. China Lights (New) $1.30 b. HK: Electrics Ex. Rts. $214 b. HK, Electrics (New) $204, b. HK. Electrics Rights $11 b,

sa.

Telephon's (Old) $22 Telephones (New) $9 b,

INDUSTRIALS

b.

Cements $14.10 b.. $141⁄4 sa.. H.K. Ropes: $8 by $8 sa.

STORES, &c.^ Dairy Farms' $171⁄4 b, ⠀ Watsons $10 b. $10.40.

$10% sa

T

MISCELLANEOUS Entertainments $6,30 b. Lights Rts. 30 cts, b

MINLAST DAY'S BALES: 700 Docks @ $15.30. 1,750 Providents. @ $5% 1000 Lights (Old) @ $8 1:350 Electrics Rts. @ $114 100 Cements @ $144 600 Ropes. @ $8

250 Watsons @ $104-

QUARREL ON THE PEAK

CURRENT ACCOUNTS opened and FIXED DEPOSITS® received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened m Local Currency, and Sterling with In- terest allowed at rates - obtainable on application.

The Bank's Head Office in London undertakes Executor and, Trustee busk- $11ness, and claims recovery of Britain

Man Shu, 31, carpenter, was re- The reasons which prompted CHOLERA OUTBREAK manded for 48 hours when charg

edwith causing grievous bodily the Reconstituted War Revenus Committee to recommend the basic Nine cholera cases, one from harm to Ku Ying-puf, 20, at No. rates of tax of 0 per cent, and 12 Victoria, five from Kowloon, and 530, The Peak, yesterday.

It was alleged that Ku was per cent. are fully set out in its three from Rural Hong Kong Report Your Excellency, speaking were notified to the Medical De-, wounded during a quorrel: In this Council on May 20, stated partment yesterday. Thirteen Sergeant Willerton is in charge that by way of general intensifica- cases were notified on Tuesday, of the chise,

Income Tax overpaid, on terms, which may be ascertained at any of the Agencies and Branches,

W. EL EVANS THOMAS,

Manager.

THE WING ON BANK, LIMITED.

Head Office: Hong Kongs 26, Des Voeux Road, Contraf, Authorised Capitat ...

2. $10,000,000 LONDON BANKERS, Westminster Bank, Ltd. Foreign Exchange and every description of banking businesa transacted.

Current Accounts and Savings Accounts opened. Fixed Deposits, received at rates which will be quoted on application.

Safe Deposit Boxes for hire.

PHILIP GOCKCHIN, AN

MITH, Chief. Manager.

The China Mail

GETS INTO THE HOME "Earllest" with the Latest!

Page 45Page 46