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CHINA
No. 33625.
HE REVEPAPER ENTERPRISE, LT,
ESTABLISHED FOR OVER ONE HUNDRED YEARS We
HONG KONG, FRIDAY, MARCH 28, 1947.
UNOFFICIALS' BUDGET CRITICISM 'Impossible To Make Intelligent Comments
Income Tax: "Last Grand U.S. His
Autocratic Fling'
R.N. Chinese On
Mother's
Drugs Charge Hong Kong's Budget for 1947-48, involving ordinary expenditure of $110,- Only Chance
Yokohama, Mar. 27. An Anglo - American criminal
drive has uncovered 2 valuable drug hoard British war-
aboard a
than half-
488,433, was given its second reading in Legislative Council yesterday, following a debate during which Unofficial Members were critical of the Honolulu, Mar. 26. manner in which the Colony's accounts had been presented.
A tall, clear-eyed investigation "It is practically impossible," said the Hon. Dr. S. N. Chau, "to make intel-Dutch youth who hitch
ligent comments on the totals of the estimates of revenue and expendi-hiked more ture as presented," and the Hon. Mr. D. F. Landale, who preceded him said; "I do not consider the accounts as presented give sufficient in-way around the world formation on which to form a proper judgment on the Budget." the subject of Income Tax, cominents were re- served. His Excellency the Governor (Sir Mark Young) winding up the debate, said that the important question of the standard rate is to be considered before the Bill is final- ly settled, and the Hon. Mr. Leo d'Almada, in the course of a vigorous speech, attacked the proposal strongly as "a fast grand autocratic fling before this Colony is allowed to govern itself."
ship, and the authorities On announced today that their efforts were believ- ed to have smashed a Chinese black market narcotics ring.
À roundup of the ring mem- bers began with the apprehen-¡ sion of Lat Pong-lee, an alleged black market broker in Yoko- bama's Chinatown, fai was found in possesion of 135 vials of penicillin. quantities of pul fndirezine and morphine and US$269.
dhe 30
I now have one or two point of general application which would like to make.
H.K.'S NEW GOVERNOR
Oakland, Cal, Mar. 27. Sir Alexander Grantham, KCMG, newly-appointed Gov- truor of Hong Kong, arrived here today from Fiji by the Australian National strays planern route to London for consultationa, Associated J'reas,
Price: 20 Cents:
We Buy and Sell
TYPEWRITERS
CALCULATING “MACHINES also Anything and Everything for OFFICE MACHINES Excellent Service
Hongkong Typewriter Exchange
9, D'Àguilar. St.
Tel. 21433
SHANGHAI BOOM MIXED REACTION
IN SHARES
Shanghai, Mar. 20. Rumoura that they will eventually be quoted on the Hong Kong Stock Exchange sent open market quotations of foreign shares here sour- ing to record heights today.
Ewo Cotton Mills. which atood to CN$16,700 on Mon day night, touched CN$23,– 000, at the close this white Shanghai
rone during the same period From CN17,000 to CN$26,– 000-Reuter.
Chiang To Visit U.S.?
Nanking, Mar. 26. A high Foreign Office today denied press reports originating in London that the Gen- eralissimo planned to visit the United States in April.
without visas or money! said he would keep on source trying to enter the Unit ed States even if he is deported-because living there was his ailing mother's "one chance for happiness."
Competent quarters believed, however, that the trip is not alto. William Tellekamp, 17, was gether beyond the realm of pcs- arrested on Friday when he step. sibility.
was
TO NEW LOAN
Shanghat, Mar. 27. The Chinese Government's decision to float four hundred million U.S. dollar Treasury notes and bonds was received with mixed feelings here..
While certain financial circles welcomed the step.
as an effective means of absorbing idle capital which is often blamed for the wild specula- tions that aggravated China's economic chaos, other quarters question whether the present is the right time for such a large flotation, es- pecially in view of the general lack of confi- dence in the Government's economic policy. In this connection, only 24 chuse by the end of March.
The hours, before the decision was
of purpoko
leaning made public, Dr. K. M. Han, the Treasury notes la for the well-known local Chinese wrabilisation of currency And banker, told a meeting hore the encouragement of savings," that the medium of rash whereas the purpose of issuing money through insurance bonds bonds is for "strengthening of was "no longer workable due foreign exchange reserves and to the lack of public confidence the readjustment of trade." In a Government which failed The Treasury notes, for a to live up to its promines and term of three years will bear the lerms of the bonds already an banual interest of two her issued, for example the gold cent. They will be purchasable aud United States currency only in Chinese national cur- ing the war." bonds issued in Chungking dur- rency at the existing official ex- change rate of 12,000 Chinese national dollars to one Uulted Staten dollar.
manner
Ja Nanking today Legislative Yuan approval was riven to ped off B-20 from Guam wear. The Foreign Once source said the Government's issue of short- Payment of interest will be The Hon. Mr. T.N. Chau summed up the Unofficial
ing RAF uniform without inthe Foreign Ministry would have term Treasury notes equal to made at the existing rate he- signia. He wns attitude on the Budget, commenting that
charged with to handic diplomatic arrangements $300,000.00 U.S. currency and tween Chinese dollars and illegal entry into United States for the visit but so for mething of Government while it "by no means arouses our enthusiasm,
territory. He has since found that nature has gone through the US$100,000,000.
bonda totalling United States dollars at the
Both will be time of repayment. it is likewise not one to cause despondency."
which Iment has a considerable outstand. number of friends who are try. once.
He said: "In this mid is, however.
Available for purchano in April. "Open ta, correction,
Other quarters said it where he wants Lo be un en-known that Chiang Kai-shek has The proposed mensure, was note holders will not suffer:" Agents then picked up Hui the Hon. Mr. M. M. Watson, 1would like to refer. It is in account against this Colonying to help him to get to Doston,
Fin respect of expenses Incurred
gineer.
been harbouring a wish to meet presented to the Legislativo | Payment in Treasury notes will Wo anit Kwong Wing-chee, feel at the present time that connection with the figure of by them on our behalf during the
President Truman in personal Yuan by Flanner Minister O.K. be made every six months nt crew members of the British | the Government in, if anything. $1,500,000 fu respect of relief Japanese occupation, but we have Fifteen teenage Sunday school talks on Sin:-American relations, Yal, who explained that in the one-sixth of their face value. cruiser Bermuda docked in skimping some easenial services for destitute persons referred not been informed as to the size class members raised his $200 especially relating to economic put the National Government, Yokohama harbour. Investiga that should be rendered to the to under Head 12. My Unelli or the details of this outstanding: ball and added
Sinking Fund more for living inatters and the Communist pro in order to meet the trudget un-} public."
rial Colleaynes and I will seek nor have we been informed whe-expenses until his hearing
nexi įblem. Alon aboard the warship
The notes will be issued In all the expenses incurred Monday. The Hon. Mr. M.K. Lo referreu | to rednee this figure to $1,000,- ber
Last year, when Truman in deficit; was obliged to increasedenominations equivalent covered an additional 194 vials
10 during the cccupation were of 000.
eliarged entirely
Binnied that he would proceed to the bank note issue.
US$6,000, $1,000. of penicillin, 27 bottles of sne-to the "staggering sum“
$500, from the Im-
The FBI is investigating histh Philippines to allend the_in churine and large quantities of $55,298,000, the net cost of the
perial Government Funds or were story of flying across the Pacifie dependence ceremony.the For-readjusting taxes and increas
Now, he declared, as well as 100, $50 and $10. civil service by way of emolu
to some substantial extent derived through the strongly guarded eign Ministry announced that the ing revenue, it is proposed to Staten: dollars' worth of bondi One hundred million Uulted other drugs,
from funds which had their ori-bases of Guam and Kwajalein in Generalissima would go there ton issue bonda in order to absorb will have a term of ten years A single vial of penicilinant allowances, and aid
ed: "There can be no doubt While Tully appreciate all gin in the Colony.
Army planes.
but he cancelled the trip when idle capital and re-direct and bear in annual interest of at around $60 ormit the problem of the over-the
dlBulties the Financial I have just expressed the
| Truman pitered bil plans. 3.000 yen at the military con-all cost of the civil service is Secretary has had to contend for 1947/48 will be greater than losa to understand how he passe
opinion that our actual surplus Immigration offers were at a The London reports have given version rate in the binek mur-one of increasing gravity for with in submitting this year the small surple shown. I willed through 17 countries. from Chime may dake a visit teen to now speculation that The Colony," p
Huet, do not consider that only mention two items which Holland- to: Honolulu with United States next month.-Unit- the accounts ns presented give have led me to this opinion. A Relief
papers or funds. Tellekamp saided Press. sufficient information on which notice Under Head 20 "Public "There are many good people to form a projær judgment of Debi" an item cf $0,000,000 has still in the world, especially In the Bubget and I should like been provided for the services of the air free." Tito_mutt told to ingest that in future, be the proposed new loan. The loon United Press that he was a native fore Unutleiul Members of this has not yet been issued and the of Sumatra, where hla father was Council are asked to give their (Contfaurd on puges 3, 4, &, 10) planter.--United Press. approval of the Budget, a full financial statement for the past year be submitted and also that estimates for the ensuing year shoull distinguish clearly be tween ordinary and extraordin
Dow sells
kat..
The Bermula left Hong Kong on March 15. It was recalled Said the Hon. Mr. 1. D. that it was the second time in Gatesple: "It is a relief to Bnd recent weeks that a ship from the Colony is in à får leas des
Hong Kong bad been Couperate
enrrying illegal drugs,--United}
אאינויז
the
flight than one Ind dreamt of last September,"
The Hon. Attorney-General Mr. J. B. Grißin) disclosed that legislation Implementing recommendations of the Tenney Commitice is to be presented to Legislative Commeil shortly, and Mr. C.G.S. Followes Hon. Financial Secretary) re- Louis. B. Mayer, multimillion-plying to points raised regard
M.G.M. HEAD SUED FOR DIVORCE
Los Angeles, Mar. 28,
ary expenditure."
should also like to suggest
that in future the accounts of atre head of the Metro-Gold the lifting of the Mora- the Kowloon-Canton Railway and not wyn Mayer Motion Picture con- tortum, said that while there be shown separately
the was no change in the situation, nixed up with the general fin wife at present, progress is being ancen of the Colony. This,
believe, is the general practice Following are the speeches with other Colonial Railways.
"Discrepancies"
In KULà cern. was Superior Court by his
Margaret Mayer, 43
She accused him of "wilfully living apart from her.-A$40- einteil RiesB...
EARL DEAD
London, Mar. 27.
made.
in foll:
MR. D. F. LANDALE
Demand For Further Information
+
Flood Waters On The Way Out
London, Mar. 27.
anal economy to reconstrueix
per cent. They will be Sound Loan United Stater $6,000, $1,900,-*** tion and productive channels. issued in donominations of
The Government order freez | $500, $100"-and-$30. ·
C.I.D. Man's created further fille capital. The such as the pound sterling, or
Escape
Jerusalem, Mar. 27. Extremists insuccessfully tried to assassinate the British chief C... agent of Tel-Aviv today.and escaped after wound
police ing his two Palestine bodyguarda.
Three dark-skinned youths, believed to be Irgunists, fired several pistol shots at the CID Tel-Aviv they approached the nolice headquarters. They cover. ed their escape by tossing hand- grenades at their pursuers.
The flood waters are receding throughout Britain.chief and his bodyguards as
The Thames is dropping four or five inches per day and the rate of flow is now 7,000,000,000 gallons daily-one half of the figures at the height of the floods but still nearly four times normal.
In my reniarka on last year's Budget expressed the hope that when the metual figures of expenditure for the year 1946 levels
In the Fenlands the river | for volunteers were sent to the
are falling about one north and northwest
southern
London
34-
Home
A joint military and police Bearch was launched,United Presa.
Death Threat
Office. the Ministry of Agricul To Consul
ture and the NSF chiefs. South The plan is to use miles of pipe line-similar to that used in London during the war to speed up drainage,
Alexandria, Mar, 27.
The Hon. Mr. D. F. Landale 47 came to be eompared with inch par day, but it is estimated areas and equipment was said:-AK I understand the the catinates there would not bo it will be two months before sembled rendy to operate the The death occurred today of figures for this year's Budget too many discrepaneles. When the rich farmland can be pump. plan drawn up by the
10 Select made this remark I had ined clear of water. the Earl of Caithness. 81, at will be referred
The main road routes from at Committee, it would be a waste mind the possibility of the home his Aberdeenshire
England to Ellon. Heir to the title is his of this Council's time to refer actual deficit being over greater Wales are now open to all traf
The United States Consul, nephew, Brigadler Jaines Sinto the comments I have to make than the estimated. The fact the though there is still water
Mr. A. H. Doolittle, has been on the individual items. There that the defeit has been cons on the roads in some places." clair-United Press.
threatened with death for. fall- siderably reduced and for the Thousands of persons
At the NFS regional office at ing to fly the Egyptian 11ag; ensuing year a balanced Budget still marooned and the North. Cambridge, where headquarters alongside the Consulate's Stars has been submitted surely inern Command troops today has been act up, bundreds of and Stripes, it was revealed to- dleates 11 very satisfactory concentrated flood relief ser appliances, will be required. day.. financial position. Fow, if any, vices at Balby. near Selby, other liberated territories have where the Rivor. Quso has achieved a balanced Budget (so) broken ite banka and made-n scon niter beration. All this new course.
England Was Too Much For Mitzi
London, Mar. 26. · One London paper told the other side of the story today. Reversing the nationalistic picture painted by newspapers in London recently in describing the untoward experiences of Bri- tish GI brides in the United States, the "Even- ing Standard" reported from New York that "London was too much for Mitzi" an Ameri- can who married a British sailor.
are
makes me wonder whether the Troops from the School of surplus shown has not been Military Engineering at Ripon underestimated. I admit of were planning a major opera- courge that the balancing figure lion to breach the gap with
hundred Is the controversial Item, of alte
pontoons and $10,000,000. to be derived from thousands of sandbags,
Water. the Inland Revenue Tox which
идя flowing into has yet to be passed by this bedrooms and "Ducks" and as- Counell. I do not propose
to ult boats were evacuating Air- dinetan. Uils" measure this householders to Riccall
.at
field where they are being fed meeting but I should like to
from a dozen Army cookers.
Heavy equipment has been A letter algned the "Egyptian mounted on Army vehicles 0 Committee of National Libera- that it can be taken through tion" said "We sent you a letter the mud.-Router.
THE WEATHER
demanding the hoisting of the Egyptian flag, but you failed to execute the order. This shows
Tnd trough of low pressure extends feeling. Therefore, the Com The pressure fell over China is fately lack of respect for Egyptian from the Philippines to the Eastern Bas.mittee has decided to assassinate [The Biberian unticyclone
ading the Consul despite any security. rapidly Bouthward.
measures and in broad daylight." The letter, which was found unatamped in the Consulaté letterbox, also warned the United States Consulate would be blown up on Friday-United
Today's Forecast-Light variable
tr
winds weather fair but misty
|with morning for. -
Yesterday's Westbert- "Maximum: 214 deg. Fah
Minimum: -12 deg. Yuk.- Sunshine: 3 hog
18) ham.. an,numinel, an 'average, oë,
Re
Equals 30,119,97 Inches.
COAL MINE DISASTER
"Mrs Mitzi Rock, 10-year-old day he was shipped home and repeat what I said, in my The Flood Control Head Rainfalls Nil. Total since January Freas... American who married Ronald he and Mitzi corresponded for marks on Inst year's Budget- Rock of London after knowing two years until she arrived in "There is no doubt in my mind quarters at Balby maintained
contact by radio with the1447 manja him only 16 minutes, arrived London last year to marry him. that Income Tax as applied in Northern Command at York back in New York today," the Married A Limey the United Kingdom is the most and with drivers, of "Ducks," ar al m... 1012 101.5 b dispatch said. "She had lived in "My neighbours In New equitable form of taxation, most of whom had been working London for six months. And she York point me out as 'that girl There is, however, a very grave 48 hours without reat and wore Rel Humidity 2018 told me, I couldn't stand it. who married a Limey, Mitzi doubt in my mind whether it is nearly exhausted. Rellef crows Wind Pleretion by s by Ma
“There were so many things suid. Yet,
possible to apply the United have been sent. wrong," she said. "The food was They noticed my torn Kingdom farm of income tax
Firemen To Help dull. I was often hungry. 1 elfoes and shabby clothes the with the same degree of equity couldn't bear to see long moment I got home. They don't in a place like Hong Kong." To The position at Selby
Dew Point, IN ZONING AS nagieg, 27
Wind Force:
Centralla, Ill, Mor, 27.- Rescue workers found 11' more bodlen oarly today, pear the centre of the blast area
queues, saving their food or understand how little there was this I should now like to add proved because of the Balby ON OTHER PAGES deep in the Centralla coal mine
coupons all the week for a to buy in England.”.
that it should only be resorted flood, and the position at York good-Sunday, tea or dinner"She told me of her work in to if the revenue of the was essler today. At the latter
Mital met her husband while an Oxford Street storo, Colony really Hooda Itz he was in the Fleet Air Arm. ""The women customers uties, On Imave in New York three to offer moapples, Kinanas and 1 subunit, Your Excellents, that saệt đơ hội hád his, picture, sweets; to get a pair of stock" the revenue of Use Colony does
shättan studio inga. They would laugh at euch not yet read but
Not Yet
mook
ré. They talked wift in America because they ma-o the compre lb)
of the vety! Tokolinulat ind Ronald Just don't understand the palle boen put at our all
promised to whic© Next time – Unkets PreNS AMAS Wld's thatwins
place, the floo Waters Were- receding, the waterworks were aved and the Army, moved one thousand tons of flour in maintain: The Urad
bumping & the floode
Pavé
| bringing to 28 the number of
known - dead, = 2
ommittéo.
on
lt is feared; the 87. minors
| xulk unneedunited} für: Bre
The 11
ware badly.
the
ing dealings in United States Bonds may be purchase with currency and gold is a good United States notes or drafts mtenaure, he stated. but hins of other foreign currencies
floating of the present loan franes, to be converted into will give an outlet to this United States dollars at capital.
Central bank 'rate and the gold Concluding his address with bulion rate to be fixed by assurances that the public loan special order of the Ministry will be sound, Minister Yul was of Finance. The gold rate will be" little better than the one applauded. of Finance Loan Department. For both Treasury notes and
The Director of the Ministry now existing." Mr. T. Chen, who presented bonds sinking fund will be. es. details of the Government's tablished and will be supervised: plar to the Legislative, Yuan by a committer made up of Investigating Committee, told Government officials and repre- Renter that the notes and the sentatives of various clvie or- bonds will be available for pur-:' ganisations.-Router. -
HENNESSY
COGNAC BRANDY
LRONDON
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