1949-09-29 — Page 7

PROFIT TAX INCREASE AIMED AT KEEPING MONEY IN

IN BUSINESS

GERMAN DP'S FOR

London, September 27,

The Chancellor of the Exchequer, Sir Stafford Cripps, today raised Britain's profit tax by one fifth to offset the inflationary effect on cheapening the Pound.

THE U.S.? The tax on profits is now 25 per cent. Sir Stafford

Geneva, September 27.

told the House of Commons that he is raising it as from today to 30 per cent.

Representative Francis Walter The Chancellor also warned British businessmen:

Democrat, Pennsylvania), chair- man of the special House Com mittee on Refugees, today TC- comuneaded that the Unitesi

Státer and other countries allow the entry of 500,060 German faroers who were refugees from Gomany's former Eastern terri- tories.

"If there is any further breaking away from the voluntary fimitation of dividends, 1 shall consider myself at liberty to introduce legisla tion to restrict dividends in the next finance. bill."

A Treasury spokesman said the Chanceller had authority to raise the tax at once.

Mr. Walter told the press e thought the United States mould. "with salety to our economy". In due course, the spokesman take 100,000 of these agricultur- said, the Chancellor will presum- ist expellers." He said there was ably submit some sort of formal no place for them in the Ger-metion asking for the Commons'

man ecos

Mr. Walter also sald credit machinery like our own Recon Corporation

struction

Finance

should be set up to make "small husia/ss loans to another 8.000,- 000 expellees who, he believed. cou'd be absorbed in Germany's prv sent areas.

approval,

In view of Labour's heavy majority, Commons

approval would be practically automatic

Informed observers soc his labour. Many labour folk have action as a sop to rank and Ale said the little men will suffer most from devaluation's infa-

tionary effects.

The Committee has been con- The Trades Union Congress has ferring with officials of the In-been frisisting that even a slight ternational Refugee Organisation rise in the cost of living would following a tour of Germany and prose unbearable to the lower- Austria. Members will leave to paid British workers. marrow to visit displaced per- Inducement To Investors sons camps in Italy.

Mr. Walter said there was no Jewish problem

any longer

in

the displaced persons camps.

He added that only about 5,-

200 Jews remained

Gir Stafford said he does not intend to raise Government food subsidies these are intended to keep prices down for the poor. The Chancellor had insisted»>

in these carlier this year that they could

higher.

camps and if the Senate agreed not be permitted to rise any to changes in the refugee dead- lines these would be eligible to go to the United States.--United

Press.

The increased profits tax can be levied only on companies whose! head offices are in Britain.

Suicide Charges Against Woman

Quebec City, September 27.

Mrs. Marguerite Pitre, 41, who admitted placing a time-bomb aboard a Canadian airliner that killed her lover's unwanted wife and 22 other persons, was today charged with at- tempted suicide.

New Radio Broadcasts By Pl

Mrs. Pitre, who said she did not know the parcel contained a bomb when she delivered it to the plane, was released from hos pital, when she had been held un der guard since she admitted to the police that she had been the | unwitting tool of her lover.

SIR STAFFORD CRIPPS

THỂ CHÍNA, MAIL THURSDAY, SEPTEMBER 19, 1949. -

Black Shadow Blats Out Freedom

San Francisca.

September 27,

In a speech prepared for delivery to a convention of the Protestant Episżopal Church of the United States here today, the Archbishëp Cyril Gärdett

By York. Br. wald

black

totalitarianhim

shadow af has blotted

out freedom in many coun- tries in Eastern Europe."

-

Declaring that the Anglican Communion stands for free. dom,.Dr. Garbett said that the Anglican Church - does something towards teaching the secular and political DUELTAVIAN BELA At the importance of

freedom if the nailons are to five together in peace not. withstanding their ideologies."

Associated Press

It may thus be an inducement

CZECHS "WILL FIGHT"

Prague, September 27, Czechoslovakia's Defence Minis- ter, General Ludvik Svoboda, de- clared today that the Czechs will "fight to preserve our freedom by the side of the Soviet army if anybody dates endanger li“

Wedding In Kowloon

---Mê, and Mrs.-A. M:\Remedios after their marriagę, wwwAtheresa's Charchizen-Tuesday. The bride is the Former

Filomena Maria Gutierreź, davghter of Mr. and Mr G. M. Gutierrez ("China Mall” photo).

{

Discussions On Asian Health

New Delhi, September 27.

The South East Asian Regional Committee, World Health Organisation, meeting for its second

day here today, adopted two resolutions.

THAT ARRESTING WHITENESS

It is the splash of white that catches the eye, that compels

attention, and it is for this reason "that the architect and Zadelson Showerete for picking out architectural fea-

tures to which design and good taste would give prominence.

Snawerete is used for prodat

ing renderings, facing, terrazzo

and cast stone. It has all the

virtues of normal grey cement

and in addition, is pare white.

FOR SOFT COLOURS

In cement work, use

COLORCRETE coisord cement..

GREEN ISLAND Cement Co., Ltd.

One requested more adequate eradication of malaria which, if TELEPHONE HOUSE. representation f

in-

the - World said, is a formidable obstacid to Health Assembly Executive Board economic development and based on geographical import-creased food production especial- ance, General Svoboda spo

spoko

population magnitude ly in Asia and the Far East. and variety of health problems, Public health experts of seven radio,

addressing the need primarily

assistance from countries Afghanistan, Burma, Czech soldiers who finish-two WHO and ability to contribute Czyon, France, India, Portugal year terms of military duty onto the successful working of ob-and Thailandare meeting-i Wednesday.

jectives.

The second resolution

three-day conference høre re- urged viewing the work of the Regional

He said that the Czech arity had been reorganised with new that Government of India pro- ofice since its inception in Jan- officers "drawn from the ranics vide greater office and housing uary and to plan a programme of the victorious workers class accommodations for the regional for the and all the working people."

office and stau in Delhi-to cope Press, with, the increasing work of the

to investors to put their money in such things as South African gold mines, immune from British bud- gets.

"The treacherous handful of organisation, The new tax will affect divi-domestic bourgeoisie: which 11 dends on American capital in-years

ago

next year---Associated

GUAM CRASH

The Committer considered a committed treason resolution permitting the.......... re- vested in British companies against all of us. (in the Afuafch gional director to correspond equally with any other capital. agreement which began the parti-direct on technical matters with Deterrent To Americansion of Czechoslovakia) has al-directors of public health

London financial quarters feel ready played its unvirtuous role member states and on policy mat that this could hardly fail to be to the end,

ters with governments in this re-critically wounded on Friday gion:

ah additional deterrent to Ameri-

Guar, September 27, The United States Air Force in announced today that 11 men were killed and three others were

when a B-29 bumber crashed at

can capital investment. Already We must make sure-that-gone The Food and Agricultural Orthe Pacific base in North Guam. The crash-was said to be due in Britain it faces many deter-with them is also the era of ex-anisation Regional Office for rents which it does not experience ploitation, treachery and capitula-Asia and the Far East today pre to engine failure on the take-ch. at home

tion. Only thus can we ensure no sented a memorandum to the Eight men were killed instantly Sir Stafford's announcement second Munich,” he said Ako WHO Committee offering gs-and the three others died in means that in future the tax col-ciated Press.

sistance and co-operation in the hospitals-Reuter. Tector will take 12s. 311⁄2d of every Found profit paid out in dividends instead of 11s. 9d leaving the shareholder now only 75 824

five per cent, but the effective The profits tax itself goes up

stilling in

increase is less than

the Found because profits tax is levied on what is left after pay ment of 45 per cent income tax.

Total tax on profts ploughed back into business instead of being paid cut in dividend. remains at

She was immediately arrestei and charged with twice trying to just over 50 per cent her apartment and a second time commit suicide, once by gas in with sleeping tablets.

Manila, September 27. The Philippine Government. beginning next Monday, will broadcast through the power- ful United States Government Meanwhile, J, Albert Guay, 31,

jewellery salesman who, police

transmitter Bear Manila an said, had a love nest in every information programme that

Unselective

There will, thus be a strengen incentive--which is what the Chancellor wanted--to keep money in business instead of raising divider.dz

The Chancellor himself implied could be heard not only in the court for the completion of the tive. It is being described here

town along his route, went to that the new tax will be unselec most remote areas of the Pai-formal filing of a murder charge tonight as an essentially political lippines buttso by foreign accusing him of killing his wife concession to organised labour, to sweeten the bitter pill of fore-

radio audiences.

Domestically, the plan primarily

Rita.

is intended. for the benefit of Completely composed and say remote communities not serviced ing not a word, Guay set in the by newspapers and private radio frisoner's dock staring straight

going wage increases.

Admitting that his last budget. was proving less disinflationary than te intended, the Chancellor

ment

stations. Receiving sets will be ahead, during the 10-minute pro-promised a review of the invest- distributed to these communities. ceedings.

Internationally, the broadcast will be somewhat similar to the

Judge A. Garon remanded him meat ramme and of Govern- Voice of America broadcasts.

to gadi, until the preliminary nearing on October 4, when Guay

expenditure.

Since he ruled out any cuts in defense or en social services, he but not

The broadcasts are expected to will enter his plea to the murder promised "substantial CETTY up to the minute news developments in the Philippines. charge. ? -United Press.

DRY FLY SHERRY

DRY FLY

SHERRY

ASK

in court tomorrow' to answer the

spectacular savings.

In a striking phrase, he said that the country had the choice!

Mrs. Pitre is expected to appear of "productivity or unemploy. suicide charge and, perhaps, be racht."

charged as an accéssory “in” thể

Dolfar Rate

plot that killed 20 Canadians and Industrial flexibility in order to. - Arret kan industrialists maimain general employment, he when their airliner exploded in declared, might icmporarily incon Quebet on September 3.-United venienze some workers but he

did not outline any, specific mea- sures for achieving mobility of

Czech Pilot Deserts To Americans

Labourford

Si: Stafford gave a long" CX- planation of his choice of a fixed- Instead of a floating exchange rate to the United States dollar and of a lower rate than was generally expected.

One of the reasons he advanced for his action was that there had been some dealings in "cheap. Munich, September 27. pounds in free markets at below. The pilot of a twin-engines $3. Before devaluation the official Czechoslovak aittirer landed "ls British attitude was that the free elane at Fuerth, near Nuremberg markets would be ignored. today and sought asylum as & Political re

refugee.

More important, the Chancellor said, the rate had to be pitched so low that it was obvious to the world it was a "final and complete operation" and that there would

He had diverted the aircraft to Fuerth while on a routine night from Marianske Laze to Prague, be no second lowering,

The United States: authorities He added drily that reactions would dot disclose the name of the to the mte indictated that he had pilot, who told them that he had succeeded in showing that the come because he was sick and exchange went far enough

Associated Press, and Reuter, ired of

Czechoslov

The plane's radio operator and the only passenger, - A Women with a small child, said that they

GILMANS had no prior knowledge of the

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DESERTIONS

FROM SOVIET Frankfurt, September 27: Twenty-four Soviet Zone Pen-

States

Both said that they wanted to ple's Police" have fled to the return to Czecholvokia and were United

handed over to the Czechoslovak. |Consul-at-Munich.

The American

past-

Zone during the

thoreca the

They were said to have asked thorities 28 for political asylums, clakning tonight arranging to send the that they fled, because they feare plane back to Czechoslovakia and ed being recruited for military

Service with

Wild the guerillas in

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