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CHINA
Established 1845
TUESDAY, APRIL 18, 1961.
"wrilis faction news
NEW
KAFO YOSUN
Lady Sheaffer
'GERIPDENT' FOUNTAIN PEN- Cola Agenda
WRITED, MAREN OQ, LTA
better
New economic regulators likely to work far BRITISH BUDGET REACTION
$2 bribe:
PC jailed for six months
and brickbats CANE AND Tidal wave warning system
Bouquets
for Mr Selwyn Lloyd
by Sydney Gampell, Reuter's Financial Editor
It does 1
London, Apr. 16.
An Advertising Association spokesman said of the tax on TV advertisements that they were in principle opposed to ony
This is a far-reaching budget which should have some excellent -results. It contains more sweeping reforms than any budget of recent years. A police constable, Li Mun-
wing, 36, of 'Nga Tsin The new regulators of the larly because of what Wai Village, was sentenc-lectmomy are likely to work far to defend sterling at home and ed to six months by Mr better than the previous creat abroad, E. Corbally at Contral queeres or hire-purchase cen-
trols. Court this morning - for corruptly receiving two dollars from a lorry driver who had no permit to carry vegetables.
The Treasury will have power to impore more than £400 mil- lion of taxes or to remit some £200 inillion at any time when the country needs a stimulus or ! a restraint.
A derelive constable of thei The payroll tax should Anti-Corruption Bureau testi-something to cure the hoarding Beti in urt that he saw
The
defendant receiving $2 from
Yiu at the ry driver, Lan Vileular Ferry on March 7.
In sing sentence Me Cor- bally and that cae of the dis 1. Line tepects of the eare was under- emblance of suME
10
Marding whereby harry drivers paid small sums of money
hile without being taken. He emphasised that it was Iris duty to do his best to dis- from urage other constables. king two-dollar bribes.
He added that he reserved a
the for higher punishment why made larger profits in 2
in cettupat
the manber but f the defendant, was oping a six-month sentence
deterrent to others.
CONU
The lecture by Sir Macfarlane But which was to Pave been given the afternoon at 5.30 pm how been cancelled, a Univer- Nity of Hongkong spokesman raid today.
Is Britain's of labour which peculiar inflationary problem.
Incentive
Both these regulators will be "across the board." In contrast the hire-purchase controls 19 which caused wide and
costly fipetuations in cars and 11 feN they other ilustries on which concentrated.
The
ht
jump in surtax mit shakl be a real incentive to 1. Work and enterprise, in cluding work on exports. It ingenious
courageously Brgy.
For decades, no Chancellor has to raise the had the courage limit much above £2,000,
Mr Selwyn Lloyd has bousted
the way it all
to £5,000 earned Income, without granting any cancession to unearned in
come.
The Stock welcome the
un
If the Stock Exchange and others
of a have had tears sterling erials this year, Chancellor hat done much allay them.
Buoyancy
the
to
tax which restricted commercial enterprise.
The Institute of Directors de clared that the surtax relief was the best. news they had heard for many years.
It would provide a "powerful He is budgeting for an overall shot in the arm for manage- dencii of only 169 million ment," but was "no more than sterling against LOA million justice." last year.
If internal or external pre sure esused him to apply both of bls new regulators, he could turn wen
gure this reduced Into an overall surplus of about
£359 million a year.
JAIL FOR SNATCHER
man
who
Observatory
to
report earthquakes
Hongkong has joined an international schemo for
From the Filos
25
years
AGO
April 1936
EVELOPMENTS ure ex-
DEVELOP North China.
According to a Reuter mes- Toh Wang, Bage, Prince Secretary General of the Mongol Local Autonomy Council, is preparing to set up an independent govern- with ment in Pangkiang, himself as Chairman and his ministries under the con- trol of the Japanese ad- revisers.
porting earthquakes to enablo carly warning to be given of tidal waves in the Pacific Ocean.
☆
A 27-year-old
snatched purso contain- ing $5.75 from a woman, was jailed for one year and ordered to receive tix strokes of the cone by Mr Derek Cons at Contral Court this morning. Hui Lop-lung, who pleaded guilty, was additionally fined $300 or in default, another two! months in prison, for the breach:
The Royal Observatory has this year when a large earth- of a three-year bond which he
undertaken to telegraph mess- quake in the Celebes Sea was had signed last year.
locally,' Dr Walis scheme's collecting recorded
Mra R. A. Bosshardt, the Hul had 12 previous convic-ages to the
centre at the Honolulu Mugnetic oaded,
wife of the Swiss missionary Bons.
Yip Tai-you told Observatory whenever carth- Explaining the L% of the suho s08 released by Com- Inspector
after quakes of a specifie magnitude visual recorder, Dr Watts vald muniste
18 months the court that on Sunday night Leung Slu-chun,
that when are recorded.
earthquake 13 captivity, and arrived in bring recorted, the tremors are Yunnanfu on Easter Monday, was walking along Queen's-road show
Indicated at once by two photo Central after a 7.30 pm. at the Central Theatre.
transistors and a remote recard left Shanghai for Yunnanfu by plane last weck. This news that dir The visual recorder will also novo follows ing millimeter, be useful during the approach Bosshardt is not as tuell
has of a typhoon, when email earth was first reported. He tremors, known as microsciams, undergone a medical examina- tion and is advised that ha are generated.
"By masuring the amplitude cannot be moved for a cm- of these microselamo, it is ocme-siderable time. times
pas/ble to estimate changes in the intensity
the woman,
When she reached the June- tion with Tanio-lane, Hul sud- denly approached her fram be- hind and snatched her from her hand.
This was seen by an off-duty who arrested Hui policeman
The Chancellor's action might well halt the drain on Britain's young executive talent. At pres sent, many younger men found that tax conditions abroad made life there far more attractive.
news was "a direct Today's invitation to the yeamg "execu- tive to stay in this country."
The Institute said the payroll after a chase. West Ger-
tax would favour the highly and companies" mechanised would therefore encourage high-
r automation,
Thanks to the buoyancy of the revenue and to muny's imininent debt repay- ment, unchanged taxes would have slashed the overall delett to £137 million this year,
Not satisfied with this im- provement, Mr Lloyd has in
a net £68 million of posed additional taxation, and is tak- a further Ing powers to levy
£415
ня million needed.
Capital
and when
To finance the surtax reform, the Chancellor has unexpected- Exchange may budget, particuly chosen to increase the profits
lax on companies.
Its every heartbeat says,
"I love you.....”
"
sentimental gilt for the woman you love:
a diamond watch by Jaeger-LeCoultre, Faithfully, down through the years, these ling manterpletus carry their massage of tenderness and decolion. Add the glamour of the fines! diamonds and the high precilom
of a plestiname Swiss timskteper, and you'll know why, when a successful man is in love, he will to ollen chobia a diamond watch by jarpenteCovin 235 musty headbeat anya, "i love you."
The precision al Jasque-LeCoultre matches
ise rasult of Over century Epent in the vanguard of
walchmaking progresa.
JAEGER-LECOULTRE,
The
It would also put companies "in a position where restrictive the unions will practices by mean a higher tax for them and will presumably strengthen their hunds in dealings with the more intransignent unions on ques. tions of redundancy."
Dramatic
bock-
Mr Gerald Nabarró, a bench Conservative member of Parlament who has led a cam- paign within the party for tox relief, said the surtax changes would have "dramatic effect on the promotion of additional export sales,"
purse
THE FIRST The Director of the Royal said today that a special visual Observatory, Dr I. E. M. Watts, earthquake recorder has been
Built for designed and purpose.
this
"The frst message Honolulu was sent on March 28
to
Instant coffee
plant to be set up in Colony
typhoon," he stated.
of o
Labour lose 195 seats
Mr Busshardt, last work 1008 cscorted into Yunnanfu
the
Mr by
TREBBEN JETS, Hermann Becker, the German missionary who had been at- tempting to bring about his
acnt into relcase, had
tho Communist camp.
These niceeengers were
on
London, Apr. 17. their way back from the
A swing against the Socialists Communists with
the
An instant coffee plant will begin operating in the of England and Wales, with Lab- to find his way to the pro-
Colony in September.
escorted him
to
his
was maintained in the final re- that negotiations had broken sults of local government ballot- | down, when they met Mr ing for the 42 county councils Bosshardt on the road, trying
our showing a substantial 1039 vincial capital. They im- of sents in London's neighbour mediately took charge of him
Surrey.
and will The processing plant
The group of international in-county
Completed figures now issued
destination, a coffee plant, have a maximum annual capa-vestors started city of $0 million worth of the Commonwealth Foods Ltd,corded that over last week's polling, Socialists made a net roasted coffee.
in the Philippines ten years ago loss of around four-fifths of the "Government approved our It claimed to be the first such 240 seats they captured at the plan for the factory ist Kun plan to have been set up in the last county elections three years Tong last week." said Mr New Far Bast with net zales
ngo. man Wu, General Manager of
or $30 million in 1980, chieûy the new Arm, Commonwealth in the Philippines where "every
International Lid, this
one drinks coffee,"
The Stock Exchange will not Ulke that, and may also be restrained by the overhanging threat of another £415 million. Nevertheless, the Stock Ex- change will like it all far better Sir James Hutchison, Presi- than the alternative of a capital dent of the Association of gains tux.
British Chambers of Commerce, surtax reforms itself welcomed the surtax relief but leaves more money in the poc added: "We regret that! corn- kets of an income group which panies дру called upon to contains potential Stock Ex-provide part of the cast in the charge investors.
form of higher profits tax." The Chancellor's proposals He also said: "The new Foods tonight brought the inevitable principle" of permitting
from individuals and Chancellor to vary Indirect
Piling work will start next organirations hit by them, and taxes at any time of the year month and is expected to finish applause from those who will is an important and worthwhile in four works. batent
regulating the experiment in
protests
the morning.
A spokesman for the three economy with less damage than British motoring organisations has been done in the past,"
the Royal Automobile Club, Rising costs
Reyal Scottish Automobile Cinb
and
the Automobile Associn- on-raid the increase in the vehlele cxelse duty was "a other blow" for drivers,
Machinery
The
three-
Construction pr storey premises will take three months and installation machinery, some of which hus A British Motor Corporation already arrived, will take an spokesman said the proposed payroll fax would cost the other month, he added,
It will occupy an area of 10,- Corporallon over £700,000 a 000 sq ft.
The British Road Federation said the increase in the already year. heavy burden of road ubers This means additional cost to taxes would "add to industrial industry at a ting when we production costs."
have been fighting hard to hold our prices in view of rising costs.
Contradiction
"We are being told on the one.
for
Before today's few final
net loss of 195 seats,—Reuter,
COLO
☆
NOLONEL V. R. Burk- suits, Socialists had conceded a hardt, recently military attache to the Peiping Embassy, arrived here yesterday by the steamship President Cleveland to take over as a G.S.0, 1 in the China command. He was in Hongkong a few weeks ago, but went north on an official tour. His daughter is still in North China on holiday,
BUS SERVICE FOR
GARDEN PARTY
The China Motor Bus Co Ltd will run a special servico between the Star Forry and Government Houso for guests to the Queen's Birthday garden party on Friday.
An inital Investment of $1 million in the factory came from
Motorists can park their cars | an international group of busi- nessmen, including overetas | in the multi-storey garages and Chinese.
Americans, Britons, take the bus from the pavement Swedes and Filipinos.
between the Star Ferry and The Arm aims to cater
Queen's Pier. A spokesman for Shelimex hand to keep our prices down Southeast Asian countries and Six buses will maintain the and British Petroleum Limited i or try to reduce them and ex-
Europe as its principal markets, service at five-minute intervals sold the fuel oli tax was in port more. This is yet another
It will obtain coffee beans from 3.30 pm to 6 pm. direct contradicllon to numerous burden everything is going
from Scuth America, Bruzll, Government statements and was against us," he added.
Africa and the "an attempt interfere with
The budget produced prompt Indonesia, consumers freedom of choice." and bitterly critical reaction Philippines.
The machinery, bought from Its cunclusions could only be from Parliament's six liberal decreased offelency, increased MP's who in a statement sold: the US, is so fully automatic costs and the slowing down of "Selwyn Lloyd will bo
that the whole plant requires a labour force of only 15 to 20. technological progress. The tax tot of the top people, but how
At present there is ብሮ would hamper the efforts of in- about the rest? dustry to expand exports.
"The prospect is higher prices roaster capable of processing Industrial quarters said the; and higher taxation. There is 350 lbs of beans an hour. Trades Union Congress leaders nothing to increase productivity. "But we will increase the would condemn the payroll tax ar encourage investment or re-
form the tax system." on the full em-
Massive
as au uttock ployment
They belle
a four shiling
a week levy on each worker would make employers think twice about engaging staff and might also have an Impact on pay and conditions of work.
Suspicion
One senior union official said: "The T.U.C. will have to look at this very carefully and 1 think it must be treated with the highest suspicion.
"It could be the excuse for mass sacking, or for rejecting pay claims out of hand."
the
A spokesman for the 8,250,000- strong trader union congress condemned "the massive son- cession on surtax" as unjustl- fed either by considerations of fairness or reference to the na ilon's financial and economic situation.
number of roasters to ten as ex- pansion takes place," said Mr Wu.
Two girls hurt in
On the pay-roll tax, he said road mishaps
there was nothing to be said in favour of a lax an employment which failed to distinguish between
A 10-year-old girl, Sul Ming, Bustained injuries when she was whero knocked down by a van at the groductivity could be increased function" of
Mongkok-road and
Industries
by new plant al machinery, Tung Chol-street, at about 1.35 and industries which by their pm yesterday. The injured girl admitted to Kowloon very nature were large users of was manpower.
Thie
spokesman zuk:
Ifospital
"It
Another 10-year-old girl was Injured when she was knocked
Mr Ernest Melling. President lôf the Old Ago Peñaloners As- Rociation, wald: "It certainly looks to a rich man's budget. We had hoped for a rellet of looks at first right pretty down by a bus at the junction
tain the budget will not proof purchase tax (A) the little household things we need and duce what the nation needs Lung-strent, at about 5.30 pm a relief of the Income tax on most-a stimulus 10 pro- yesterday. The Injures · girl, Gun pensions if we do a lo ductivity exporta and invest- Chak Mul, was admitted to bit of extra work."
| Kowloon Hospital.
ment."-Router,
Boundary-street and
POP & Gad
KI
355
...I KNOW ID LIKE IT HERE -AS
I UNDERSTAND YOU
AVE MACHINES
WHAT DO ALL THE
WORK
ONLY 25
days Mr D. C. J. Banfield, Trame
out Manager of CMB, said that the from Southampton, the buses will stop at the side of N. D. L. liner Potsdam ar- Government House and will be rived in Hongkong at mid- available to inke passengers back to the ferry after the
night on Monday on her re- party.
cord-breaking trip to the Far East,
The fare will be 20 cents.
Carlsberg
IN WITH THE BEER THEN OVER THE TOP
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