1949-04-08 — Page 7

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THE CHINA MAIL, FRIDAY, APRIL 8, 1049.

A 'HARD LABOUR' BUDGET Experts Praise

No Tax Cuts: Prices Of Food Raised

Adverse Reaction Of Trade Union

London. April G. Typical trade union reac·· tion to the Budget came im. mediately from Mark Howit. son, Labour Member of Par- flament and Nationat indun. trini Organiser of the General and Municipal Workers' Union _the

second insgost trade

union in the country.

He told Reutera; "The ex. pectation of the Budget In

creasing purchasing power

not take

And

for the pay packet has not benn realised. This means that pending wage claims will he preoses with vigour and sections of the workers will

ake 'No' for an onkwer. Observern expect that to morrow's private meeting.

Parliamentary Labour Party--which

Stafford address-will show In better perspective the impact Budget on the rank generally.

Will

of the

and flir

Str

felt

no secret of how they about the Budget, prove of and believe that 11 will

POOLS TAX INCREASED:

DOWN A PENNY BEER DOWN A

London, April 7.

Cripps' Budget

London, April 6.

Sir Stafford Cripps' Budget, prosented to the House of Commons today, was hailed by thoughtful economists as one of the mast courageous over produced by the Finance Minister of any coun- try.

But political observers awaited the reaction to the cost of living increases from organised

labour.

The Government has hitherto more social benefits-end moro

of used the argument price defence-thry cannot have tax

Sir Stafford Cripps, Chancellor of the Exchequer, sentenced the

British taxpayer to another 12 months of hard labour yesterday, stability to restrain wage in-cuts too. He presented Parliament with a 1949-50 budget denying any substantial tax cuts and raising the basic prices of some kinds of food.

Sir Stafford announced a reduction of the duty on tea by 6d. all round and on sugar by 1-1/4d. all round. The price to manu- facturers and the public would remain unaltered.

Food prices would be raised; cheese 4d. a pound; meat 4d. a pound; margarine 1d. a pound; butter 2d, per pound Those increases would be arranged with the Food Minister at an early date.

We

There would be appropriate | roltivating in strenuously as

un might. in the duties reeluetions

feult market atach molasses nad glucose.

intense.

111

van, a must, do

more to e

the resulting situations was far.

healthier than it was 12 months

Dgo.

"Our task this year will be to maintain that good health," Sir Stafford added. Neither revenue tor expendi- ture had turned out according to plan--fur from it.

The result of redwing: the internal competition is duty on tea by Bd a pur and Nevertheless, I am convited we star by 1-1/4d, a pound | tanish ourselves in those mar- Many Conservatives maky

would be to reduce this subsidy kets, not merely as a temporary required to maintain They an

existing device to bijnt climat a momem-

Expenditure had excceded the E31 million for tea pizers by

they balance af trade, but as a

estimate by nchieving original 171

£200,000,- permanent factor and £22 million for sugar. many

conditions of 000, but total revenue at £4,007 The plunges in the price T

Agam

it the multilateral trade

Tellition was £242,000,000 ment. argentan al butler, 10-

than estimated. setze in which the free couvert- gether with the change in the

nport cluties for tea vant sanga.btlety of euroney will be able to mat Put the saladies should operate"

£485 milia in wal xard

cont Labour

votes. Reuter.

PI WANTS PACT IN PACIFIC

Shanghai. Apud 7

Plump-

Munvel V. Gallego.

pines Ambassarlor at large, says his country favours

Part version of the Atlantic Pact

He told a press conference in Shanghof that

couchtries

Pacifle are confronted with tim

14 201 (S

מני

il

The duty on ught table wines. would he restueel 27- bottle arut 12:

kit tallon The las

football puotats renaud be raised from 20 to 30 cent from next Saturday, Sir Stafford sand he could see nocer for any substantial al- teration of taxation in a down- wand ducetion

Mateliers would

another 120 a beax,

rost

Boer Down Beer watld be reduced by F. The luly would be re- edured by 217- a bulk barrel af

36 gallons,

on

same dangers which confront the A telephone surcharge of 13 nations of Western Europe.

subscribers local "The Andinsartor Is Visiting Prent

call fees would be increased to 30 per cent,

China en route home from a tour of Japan and Koea.

He expects

to return 1 Manila early west

werk.

be i

Sir Stafford sat there would be no change in the purchase tax.

de-

Expendite this year on frace was up by £87,000,000, und there could not be any market Feduction.

Facing Facts

the facts Face "We have to

the dofence as long that forces

servicos ard Bocial

Govern maintained, whatever ment is in power, a very high rate of taxation will continuo Sir Stafford to be necessary," sald

Some Policy

mor1

It was quite impossible to re- duce expenditure and therefore taxation, so long as defence and social services were run on the present scale.

"On the whole It seems that we should follow the same gen- eral polley as last year for our budget though not with so sharp an accent on the urgent seed in check inflation," Sir Stafford Bald.

further There was not much Immediate possibility of the re- notional income distribution of by way of taxation in Britain, he declared.

The Chancellor concluded with

that Britain must not

• Warning Jeopardise long-term hop5ON

too hasty desire He gave no date for the opera-prosperity by a tion of the lower ten and sugar to anticipate benefits already ac- duties. Food price increases complished.

He indicated that the reduc tion in beer and wine duties and

11: the increase

the duly matches would take effect imme- diately.

on

would be introduced at an early

Warm Tribute

of

cate in consultation with the Mr. Authony Eden, Deputy Op-

position lender, paid a

Food Minister,

warmt

Sir Stafford, who mach a Sir Stafford preceded his tuxa-tribute to Sir Stafford at the end speech lasting two and a quar- sion

If Japan's pronumle recovery continues at the present pace, Mr. Gallego said, Japan will soon

strong compelitor com- merve both 51 The Orient and Europe, In Japan, Mr. Gallego

prosperity by a ton hasty desire studied the quistion of Japanese

to anticipate the benefits already war reparations to the pacemplished. pines. He said Japan is removers, ing quickly, but that country

more than the savaged by wor Filipinos believed,

announcements

пл with

of his Budget speech.

Mr. Eden

a recollection

of a

crease demands.;

Lòng Faces Faced with a huge surplus, the Chancellor has actually increased Fifty million Britons taxes by about £35,000,000 In- little stunned tonight by the stead of cutting then us almost "puritan" Budget. everyone expected in to do.

Thus Sir Staffori has been even more austere than his re- cent Economic Survey. which recommended that the disinflat- Jonary effect of the Bulget should be maintained.

Most people thought that even that recommendation WOS too austere.

Above everything else standa Sir Stafford's affirmation that since al Parties are agreed on

Gem Famous

Sold For A Fortune

New York, April 0. A New York jeweller has bought the Hope Diamond and other jewels of the Inte Mrs. Evalyn Walsh McLean, a former Washington. D.C., publisher,

for over $1,000,000,

somo

71

The Jewel merchant, Mr. Harry Winston, said he had been asked by the trustees of Mrs. McLean's estate not to disclose the exact The Jewel amount of the sale, collection includes the 44 caval Hope

and Diamond pleees: other

Mr. Winston has no immediate

the

the disposal of plans for gems. He will place the Hope Dlomond on publle disping throughout the United States in museums and jowel shops.

were n

Few people expected any concessions, but most had been optimistic that the Chancellor would lighten the tax payers' burden

a little by reducing sales tax and, perhaps taking

81Я STAFFORD CRIPPS

a little of the price of cigaret. tes The

that now.

most, cheese, butter and other food- stuffs would be raised produced

expecially long faces. women.

among

actually enthusiasm,

The "New York Herald-Tri-

The few concessions bune" said today that the pur-made brought little chase price of the collection was Beer drinkers-now drinking less, between $1,250,000 and $1,500,- to the dismay of the brewers 000.-Reuter,

felt that only one penny off each pint of beer

would make little difference to their pockets. Tele- phone users were particularly loud in their complaints

COLONIAL CO-OP

MOVEMENT

מס

of

a

the increased

bills

about now facing

threa-

London, April 6.

them. Many were heard Locally-appointed officials the Colonial Co-operative Depart tening to ask the Post Office to ments in the Gold Coast, Nigeria, remove their Instruments.

Evening newspapers splashed Cyprus, Uganda and Malaya, who have been taking a special course such headlines as "Shopping Bill

and "Beer at the Co-operative College, Stan-

Down--- Food Up" across their front ford Hall, Loughborough, will Goes Up", leave London tomorrow three-week tour of co-operative pages. Reuter, institutions in France. They will be accompanied by Major J.F. de B. Blampied, Co-operative Off- cer in Northern Rhodesia.

They are: Mr. J.A. Danso and Mr. J.E. Kane (Gold Coast), Mr. P.R. Sowobi (Nigeria). Mr. H.D. kl (Cyprus), Mr. B.K. Koost

ter hours, said Britain must faerecunomic survey.

whole said: "The see economic and financial prob Speaking about the stabilisation House will congratulate him upon lems with realism and must not of prices and wages, he said that a speech of really outstanding jeopardise long-term

retail prices had risen only one brilliance, even for him. hopes 20

point

three points "When we come to crillelse the and wages during the last year.

contents of that speech we shall "These results, placed against a do so with Sir Stafford wild the House that backgrount of full employment performance for which we are all Britain has improved her gold and moderate de-rationing, are grateful," Mr. Eden added.-Reu- sand dollar situation greatly since

highly satisfactory and certainly ter art Associated Press, 1947, when the defcit was £1 denote that the heavy pressure

21 024 million. At the end of the of inflation has been easing off," ITALY TO HAVE

of the European Re-he salt. that year covely Programm.

the dollar

UN OBSERVER deficit was

million. The figure for the first three months of 1949 was

was £82 million. ERP allotment for the 12 months, together with the drawing on the Canadian credit and other avali able resources, hod been just enough to cover this defcit.

The Ambassador sand Korea and the Philippines now are int the process of establishing tratte relations. Both countries imports studying possible

ald-Associate

exports, Press

USSR closes Consulates

a

Rome. April 7. Newspapers reported today that Russia has advised the Italian Government that Soviét consulates in Italy will be closed on April 15.

Vast Deficit

The

At the end of last month, the reserves stood at £471 million, compared with £552 million at the beginning of the European

Recovery Programme.

Britain had succeeded in carry.. ing out the polley of restricting doline expenditure to what could | Le covered by dollar earnings. The remaining dollar deficit

£360 million a year was a vas! figure.

uf

The newspapers quoteil an an- nouncement from the Govern- ment's official Gazette. No reason was given. Presumably such an "It is this huge deficit whien action will not affect the opera- we must get rid of in the next tion of the Soviel Embassy in three years. It is up to us to Rome.

concentrate our skill and encrity

An editor of the newspaper "I | both on production and sales- Messagero" said editorially that manship in the North American perhaps the consulates do not continent. Canada and the United have sufcient business here.-

States provide a large and pros- Associated Press,

perous market, which we are not

National Debt

The total of the national debt outstanding at March 31, 1949.

Lake Success, April a. The Political Committee of the United Nations General Assembly

was £25.168 million, a fall of today adopted, without opposition, and Mr. A. Kera (Uganda) and £453,000,000 since March 31, an American proposal for the Mr. Mohammed Yusof (Malaya). 1948.

offcial Italian observer here to Reuter.

be allowed to take part in the dis- cussions, but without the right to vole.

The debt had never before been redeemed on anything like such a scale, he said,

Britain had achieved a balance This is the first time an Italian between national Income and representative

Has

taken part national expenditure on current in any United Nations official talks. consumption and investment arul-Reuter.

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