1946-04-11 — Page 3

THE CHINA MAIL, THURSDAY, APRIL 11, 1946.

BRITAIN'S FIRST POST-WAR BUDGET Millions To Benefit From Changes In Income Tax Schedule

Demobbed Drummer's Job

London, April 19. London dance barat leaders. Ambrose and Jack Jackson, today gavo evidence when Ambrose Or- chestra Limited appealed against the Reinstatement Committee's decision affecting Leslie Leston,

25-years old drummer,

It was stated that Leston was em,| ployed for 10 weeks as a drummer: in

Ambrose's Metet. touring music-halla, before he joined the army..

Ambrose told the Umpire that Leston could not be reinstated in his former employment because there was now no octet. He could not be placed in similar employ- because the only similar mont

me

type of work was in the Ambrose Band, and Ambrose did not con-

sider that Leston was on to the required standard.

Jack Jackson said the qualifien- tions required for a stage drum- mer and a ballroom drummer were totally different,

E.P.D. To Disappear

In December Next

LONDON, APRIL 10.

HALF A MILLION BRITISH CITIZENS IN THE LOWER PAID SCALE ARE TO CEASE PAYING INCOME TAX ENTIRELY, MILLIONS EARNING LESS THAN £1,200 A YEAR WILL BENEFIT FROM AN INCREASE IN EARNED INCOME TAX ALLOW-

ANCE.

OPENING HIS BUDGET SPEECH IN THE HOUSE OF COMMONS, TODAY, THE CHAN. CELLOR OF THE EXCHEQUER, MR. HUGH DALTON, DECLARING THAT REVENUE FOR THE PAST YEAR HAD BEEN (3,284,000,000, SAID BEER, TOBACCO AND ENTERTAINMENT TAXES ESTABLISHED NEW HIGH RECORDS. BEER YIELDED £300,000,000, TOBACCO £400,000,000 AND ENTERTAINMENTS DUTY

£50,000,000.

The Purchase Tax at £118,000,000 also set up a record.]

Income Tax produced £1,361,000,000, beating the estimate by £11,000,000 and sot up a now high re-

cord.

future be able to buy British car for use here free of Pur- chase Tax, provided they take

Actual expenditure at £5,484,000,000 showed a saving of it with them when they leave.

£81,000,000 on last April's estimate. The realised de- ficit for last year was £2,200,000,000.

continue

Gandhi's Proposal

New Delhi, April 10. Mr. Gandhi has suggested to the British Cabinet Mission that if a settlement between Congress and the Mosiom League is, not reached on the question of Pakistan, it may be referred to an internation al tribunal, it was understood in New Delhi tonight.-Rai-

ter.

NAARI Presents

- Page 3

ENSA ENTERTAINMENTS FOR H. M. FORÇES ENSA STAR THEATRE

JAN COBEL'S

ANGLO-POLISH BALLET

commencing Thursday, April 11, 1946. starsing

MARIA SANINA, MELA CARTER, JASHF DOLOTINE, JEAN PIERRE ·

and

A CAST OF 40 ARTISTES (under the direction of Rabert, Wormley)

NO CIVILIANS, ADMITTED

Levelling Out CHEE HING CO. R.A.F. Releases

London, April 10. Only airmen who will bo more than three groups behind Sports Tax Loor

the general lovel in R.A.F, re- The lower scale of Entertain-Joane in May and Juno ure those ment Duty will in future apply employed on accounting duties, Mr. Dalton declared: "Pros-000,000 this year-an increase ofĮ to football, cricket, boxing, who will have a delay of five pecta for the year 1946 aro leas £89,000,000 on last year, though tennis, athletics and swimming groups, says the Under-Secre nombre than some of the scribes this gure may be reduced sub-all outdoor sports, including tury for Air, Mr. John Strachey, have imagined. Estimated ex- stantially If unfavourable deve- the University Boat Race, but in a written answer in the penditure is £3,887,000,000-a lopments of any kind led to re excepting horse, motor and dog House of Commona, reduction of £1,728,000,000 oa duced Imports. He would lose racing, which would

"We are doing all we can to Lenton, who conducted his own the estimate for İnat year. £283,000,000 by reduction in in- to pay at the higher rate. level out the rucase rate and case, said he learned the drum:

"Expenditure would include come tax announced in the last Referring to the Income Tax, we have constantly explained iz; at the age nine and became a £1.667.000.000 on Defence and budget, but with ncreasing Mr. Dalton pointed out that the aur dem:b or the reasons professional drummer at 14 and Supply. Defence votes for this profits and increased incomes remissions made last October, for any unevenness which was had since played with well-known bands for dareing, stagework, and year include some £20,000,000 generally, he expected to do a which had just come into opers foreshadowed

in the White radio and alma. Be regarded him- more for better pay and allow-bit better and get an additional tion, could cost revenue £283, Paper as well ca the tops we 000,000 -this year, and un- are taking to correct the tax this doubtedly they contained a cer-writes. The Umpire reserved in deci-| 000,000 more for more generous year of £1,145,000,000. The tain danger of Inflation.

"Despite accelerations of re- war pensions."

grand total of receipts from In- He proposed to exempt from lease up to date, which of course He said that E£335,000,000 was land Revenue would be £1,705,- Income Tax workers' contribu-accentuate these problems, I am being provided this year for cost 000,000-an, increase of £388,- tion under the National Insur-glad to any that delays will of- of living subsidies, "This policy | 000,000.

ance Bill. Employers' contribu- fect something less than two of price stability is costing a

Small Deficit

tions are already exempt, lot of money," Mr. Dalton com.

per cent. of the R.A.F. in May There were two substantial Mr. Dalton said he could not and June.-Router. mented, but expressed determin- items of non-tax revenue, which contemplate as yet any general

self capable of holding a reanon-in the three services and £10.- total yield in income

ances. Officers and other ranks £67,000,000, which would give a

sible pont in a band,

sion.--Reuter.

Washington, April 10. It in authoritatively learned that U.N.R.R.A. is gravely ce cerned about a Shanghai report that a shipload of the Agency's

Hong

BRITISH MILITARY

ADMINISTRATION

HONG KONG

Department of Imports & Exports

IMPORT LICENCES

Kong

on

and Knitted

so far on these

BRITISH, MILITARY

ADMINISTRATION HONG KONG

Department of Imports & Exports

IMPORT LICENCES

Income Tax Relief

he declared.

No single person with less 1940-47 is

is 43,307,000,000 and Mr. Dalton said that after income tax. Others outside the tenue on the existing basis;

than $2-8-0 weekly would

COAL MERCHANTS, STEVEDORES, ARMY AND NAVY CONTRACTORS, AND GENERAL LABOUR SUPPLIVES.

We beg to inform „H.M. Forces and the Ceneral Public of Hong Kong that we have Big Open Ground Storage To Let at very moderate rental, Convenient trane-. portation for lorries and loading and unloading of lighters. Very suitable accommodation for storing coal or other general carge.

For further Particulars please Phone No. 27360 30452

16/17, Connaught Road, Central

A.B.C A B 7±

SERVICE BUREAU TEL: 2426'5μ4.

Sanitary Maintenance (Building & Oẞe} Motor Car Polishing. Employment Services

AT

YOUR SERVICE AGAIN

3

BASE RATE

CONTENTMENT

In

ALWAYS BEST

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Interview Cordially invited (No obligation or charg). Tel. 24265 81, Connaught Road, Ct. P. O. Box 880

9. D'Aguilar S. Tel. 21488

WE BUY & BELL sil makes of

TYPEWRITERS, ADDING CALCULATING MACHINES

also

Anything & Everything for OFFICE - MACHINISA

Excellent Beryštis -

HONG KONG TYPEWRITER EXCHANGE

A. WHITE & CO.

PHOTO STUDIO

12, PEKING ROAD, KOWLOON

rice quickly passed into the hands ation to hold the cost of living he would get as a legacy from repayments of post-war credits. carry 450,000,000. due to the sale of binck marketeers shortly after substantially at its present figure the war-£150,000,000 from the as the amount involved £800,- of war stores to an Estate Fund. Orrival in Shanghai recently. This for the calendar year,

sale of surplus war stores and 000,007-was a great inflation--National Land Fund which has impeded Chinese action on the

At the existing mate of taxu- £50,000,000 surplus receipts ary potential. A small begin- would increase national estate, relief programme. -- A-suciated tion Customs and Excise duties from trading activities of vari-ning, however, would be made "We shall use the funds for the Press.

should produce about £1,200,-ous Government departments. by starting cash payment to acquisition of land, which we With total estimated revenue men over 65 and women over 60 ink should be publicly owned," at £3,103,000,000 and total esti- from September 1. mated expenditure at $8,887,' To encourage marrled women Other points made by Mr. Dal- 000,000, the prospective deficit to stay in industry, Mr. Dalton ton were that the sugar prefer stood at £694,000,000 which was said he is prepared to increase eace margins, which expires next considerably smaller than most their special allowances from August, would be continued an- prophets had anticipated.

Export, trade, £80 to 110. This was in addi- other two years. All taxation adjustments an- tion to married persons' allow-, was moving very well. Exports. were rising more rapidly than nounced today mean a revenue ance of £180.

some people thought likely. loss of £32,000,000, about one

The estimated

expenditure for per cent of the total revenue re-' quired.

pay total

£3,193,000,000 so that 1947, the Government would pro- Income Tax would be married 2084,000,000. Allowing for cer- the prospective deficit stands at bably be able to choose whe couples with less than £3-19-0 tain terminal items, such as the ther to have a budget deficit or weekly, married couples with winding up of war contracts, surplus, as they are already pay-one child having leas than Britain would not be very far ing about 16/5d out of revenue, £5-1-0, married couples with off a balanced budget this year. and if the items are not to recur, three children having less than This, I regard as a most remark- Importers are notified that alle. Importers AM notified that

he counted the amount at about 7-9-0. A single person earn-able achievement to be proclaimed cations from India for consump expert allocations from the United tion in Hong Kong of cotton niece 18/- in the Pound. But a "sori-, ing £300 this year would

in this pay not only

country, but) Kingdom of Cotton Yarn and goods which have so far only been ous and anxious problem" is re- only £42-7-6 against £66-2-6 last throughout the world." Mr. Dalton Piece Goods for consumption in available on Government account, presented by the defleit in over- year, Married couple with child

declared.c Woollen Yarn and have been returned to

carned income of of 8

announced that from the normal seas balance of payments, esti- having an Piece Goods, Rayon Yarn and commercial channels. Exporters mated this year at £760,000,000. 2400 yearly would pay only and of this months the & per-cant-

and in India are now free to offer In bridging Rayan

Knitted Goods

the gap between £50-5-0 this year an compared ed. From May 1 there would be goods for export to Hong overseas expenditures and return with 81-2-6 last year, and now offer of Defence bonds Fabrics, which

only Kong up

up to the quotas which have from exports, "good friends and married couple with two chil- bearing interest of 2-1/2 per cent been available

Government been fixed. Goods offered and kinsmen in Canada" have given dren and an earned income of Invitation To Industry account, have been returned to normal commercial channels. Ex- purchased are part of Hong welcome help of credit, which £600 would pay only 281,

Mr. Dalton said that when pre porters in the United Kingdom Kong's allocation and are not for Britain appreciated. His entire against 121-2-0.

senting his last budget he expressed are new free to offer these goode export from the Colony.

budget was based on the assump- Mr. Dalton declared he was the view that post-war develon- for export to Hong Kong

up to 2. In order the importers may tion that the United States loan consciously running. some riski ment should come before increased the quotas which have been fixed. be permitted the maximum froe- would be granted.

by putting the hope of incentive dividends, and he invited industry 2. In order that importers may system, a new form of licence, the import control

Social Services

above the fear of Inflation. He to plough back incrjaned profit be permitted the maximum free called "Quota

In connexion with housing, proposed six months hence to rather than distribute them to will be dom within the

The response had import control ianu

issued

health services, national Insur increase the earned income al- shareholders, to all estab

boon

patchy. Many of the system, a new

ance, family allowances and war lowance from one-tenth to one must efficient, and up-to-date on form of licence, lished importera of there goods. pensions, it would cost the Ex- fifth, subject to the present cerns had responded very well; but called "Quota Licence," will be These licences, which will issued

replace on application to al established

any other import licences pre chequer about £500,000,000 in maximum £150 yearly. importers of these viously granted, will not place any 1946-47, and were likely to rise

throw money about among share- goods. These licences will not limit on the amount the importer to £700,000,000 in the following The Chancellor proposed to holders rather than strengthen importez, may bring in under the may bring for un import als meci Ikely to go on rising, though at aftogether as from December 31 equipment, re, it would be prema: the in under the licence: year. After that, they were repeal the Excess Profits Tax their reserves and buy un-to-dato licence; he will be free to import as he can secure and will not a very much slower rate. There next. It would continue at thei will not have to make a separate tion for an import iloence to cover expenditure over the same per the remainder of this year. torests to introduce a new tax to as much as he can secure and have to make a separate applica- should be some new savings. In j'present rate of 60 per cent fori ture for me to decide whether next application for an import licence each trapsaction.

year it would be in general In lod. One was entitled to expect"This repeal has been asked for chock, as I think, this unfortunate 8. Applications for quots licences should be made to the Super-fence expenditure,

3. Applications for quota lleen- substantial reduction In deby industry, and I hope, there practice.” ece should be made to the Superintendent of Imports and Exports

fore, that the repeal will stimu- Mr. Dalton spoke for two hours "With this reinforcement of late private enterprise to put its and five minutes. intendent of Imports and Exports the usual application form. our finances, I shall not need to best foot forward, and go flat Counter To Inflation :: on the usual application form

They will be Issued a blanket borrow from the City of London out on an expansionist course,” They will be lasued blanket licence for export from Indie and the money market any very the Minister leclared.cial Editor, writes that on broad Sydney Gampell, Reuter Finan- licence covering specified tome during the first half of 1944 large suma of new money this from the list above for export Their number will be profixed by year. Since last October, the would be retained at the present voiced general opinion that "the National · Defefed contributions | economid, aspect, the Charicellor from Great Britain during the the letters. IQA. The issue of first half of 1948. The number licences for the second half of British Government's credit, rato, but wrafts Tax. This was] duco ́moro' goods” and tax' pro- ita "name would be only counter to inflation is to pro- will bo prefixed with the latter 1946 will commence on June lat which already was high, has changed to

their number will be praised risen even further and the long a flat tax of one on by

term rate of interest has already Pound on, all predits prior to

to dia da mist ho tribution.

There will be a Special Caali-Sweep on the last race, fieleta fallen below three per cent." 4. Importers who

Regarding the Death Duty, Mr. hand, difficulty in contacting exporters tion, Mr. Dalton declared: "We exemption limit on Batate Duty

-power."

Jockey Club, Exchange Buliding First Floor, together with 4. Lloupees will be used only in India with expert locations must go slow with further re: from 100 to $2,000,000

The total remission of the Pur

the usual "Through" numbers ($10) including a chanes fu the to persons and firms who were should ask the assistance of Ir liefs this year. Until there are

chaos Tax announced today Special Sweep. actually importers of similar goods dustry

The

affect of those

about seven par Section—ATI. Depart more soda in shops the risk of in chosion of cut ballhace changes amounts to only aber went the in 1841.

the concessions in Chancellor ominously, foresandow Tax and Entertain, ed: that this wartime innovation|:

any limit the

to, cover each transaction.

dom within

on applicenco,

«BQA The lasue of second half —^

Jear licences will commence on

June 1st and their profix will be

· BQB,

5. Ideences will he issued as

the, letters IQB.

mont.

experience

E.P.T. To Go

+

in the

others had shown a tendency" bò..

to

judged against the stimulate. more produc tion and the need, on the other

4.

CAMERAS. ·

FILMS

Specialists in PORTRAITURE, DEVELOPING,

PRINTING & ENLARGING

HONG KONG SERVICES RACE CLUB

MILITARY RACE MEETING

in aid of

The Commander-in-Chief's FUND FOR THE DISTRESSED OF HONG KONG will be held at ··

HAPPY VALLEY RACE COURSE

ON SUNDAY, 14TH APRIL

› FIRST 8AÐDLING BELL

FIRST RACE STARTS AL›

CASH SWEEPS

1.80 P.M 2.00-PM

Turning to changes in taxa- balton raid the proposed to raise to hold Purchasing for which (32). may be obtained at the Office of the Hong Kong ́

Inflation, will remain serious. 47 was

5. Licence will be issued as at The only couričer to inflation is ‡ the 75 and cost #18,000,000 would not be temporary UNIONS

at present for these goods which present for thess goods which are

intended for re-azport.

are intended for re-export...

6. Licences already lasued. should be replaced by anota Townos If for Hong Kong con

A. TAYLOR,

to produce more goods."" He ment Tax

did not regard the Purchase this year, and Income Tax ooh- | On death" "dution, he was con Tax as a temporary measure easions would cost 31,000,000. tainly performed the nea #. Licences should be replaced by quota stay and yield increasing ro from estate danys ma

already insted The Purchase Tax-hsa got to Against this, there would be some of the yo

8183300.000 additions loendes if for Hong Kong con- venue over the next few years lows on parens Din sumption.

to help to pay the bill for

tik: The taxʼalsd" helpe

$1.00 Inalading Fas

There are a lunited number of Boxes available upon applies. tion to the Clark of the Coune, -LE-Col. J. R. Edgar, MaíTE. H.Q. Land Forces (Telepho No. 34121 Ex

W CHADWICK, D.FC,

Bong Ho

BY COURT