1923-07-05 — Page 3

Page

THE

STRAND' CONSOLE.

very good reasons why you should hayla "STRAND" Console-

THE

(1) Is plays, ALL lise racord-Edison, Paths, OKsh, Victor, Brunswiet,

Columbis, etc., wit at it being necessary to change the sand-box.

(2) It it thoroughly UP-TO-DATE and its tone is surprisingly life-liks. `.. (3). Although absolutely first-class in materials, design and appearance, its

price will not shock you.

Different Models. Demonstrations daily,

OKEH STUDIO,

8, DES VEUX ROAD CENTRAL (CORNER OF Ice House STREET). TE. NO. CENTRAL 4453.

RADIO PARTS

Just Arrived.

NIKKO & CO

71, Des Voeux Road,

Corner Pottinger Street.

W. P. SIMPSON

(LATE OF DISS BROS.)

TAILOR & BREECHES MAKER

has opened Business at

ASTOR HOUSE BUILDING

Queen's Road Central,

DRUGS

SOUTH

2nd Floor.

PRESCRIPTIONS

When the Doctor prescribes he expect the Druggist to fill the prescription with Pure Drugs. The quality of our Drugs, Medicines and Toilet Goods is not surpassed. Hage the Doctor's Prescription filled here mud the result will be. satisfactory.

THE PHARMACY,

THE RED BUILDING (OPPOSITE Ick House Sr.)

MANCHURIA

-

HONGKONG DAILY PRESS, THURSDAY, JULY 5′ 1923

RAVAGES OF A CAPITAL LEVY.

HOW IT WOULD REDUCE YIELD OF TAXES.

Sir Josiah Stamp, speaking at Univer. sity College, London, on May 9th, on the Effects of a capital levy upon the future National Revenue, maintained that the Ereater part of the yield of a levy would be employed in making good the branches in revenue arising out

of a depletion of fortunes.

SirJosiah observed that a levy would have certain automantic effects in reducing the yield of taxes charged at the present rates,

THE AIR MENACE.

BRITAIN'S NEED FOR ONE-POWER STANDARD.

The Earl of Birkenhead was the chief speaker at a meeting at the Mansion House on May 30th, called by the Air League of the British Empire, au both he and Admiral Mark Kerr, who made an arresting speech, pointed out the danger threatening Great Britain and the necessity for at least a one- power standard.in the air.

of a

The Earl of Birkenhead moved: ***That national security demands the establishment of a one power standard in the air, and our commercini

air routes Imperia

and British ment of perity the fullest develop civil aviation generally, and that the Air League, in its efforts to achieve these aimas,

because it would reduce the fortunes and incones to be taxed in future. If the major part of the levy hart to be employed in the case for it had ages in future, then is deserving of the fullest support.. repairing its

дони Would a lexy pay its own keep and Field a respectable pronti by way of surplus of re

revenue over expen itures? A levy of £1,000,000 might save a little over £100,000,000 in interest. What would be

its,

effect in reducing future revenue/

Sir Josial said we drew so much revenue from the richer sections of the community that one thorough depletion of their resources made serious innis into future taxes. A futuro of £2,200,000 would, under the scale proposed, pay 35 per cent, or £1,210,000, and be reduced £990,000 net, which, in turn, would pay 28 per cent for Death Duty, or £977, But if there were no levy, the Death Duty would be do per cent, or £80,000; so that there was a loss £602,000 to be sat against the lovy receipt, or bo per cent. of the levy at once, without counting the effects of Income Tax and Supertax.

to

ESTATE DUTY LOSS.

The Estate Duty loss was affected in four ways, all tending in the same direction: (a) the Estate Daty, which was no longer pay- alle upor the amount taken away in levy: (b) tha redace

rate of duty at which the remainder of the fortune was liable: (c) the fact that the larger fortunes were mostly held in the higher age-groups; (d) the fact that the losses on these larger fortunes, tended to be realised much earlier, and, therefore, to have a higher present value or cost than the smaller future losses, he considered that out of 3,000

He said the League had, at a very im portant, and perhaps a critical, noment in the destinies of the Empire,

sire, undertaken duties and activities comparable to those in the.

nes of the Navy League old days of There never was a moment in the days of

martime competition in which tho security of the country so imporatively de manded that there should be some association of citizens ceaselessly pressing upon the attention of the nation the only terus upon which in the air the security of this country could be safeguarded.

The need of

economy was very great, bat the neeil for security and of existence was even greater. Economy would indeed be of small value if the existence of the nation had praviously been placed in jeopardy. must not forget that the security of the country could not be maintained u unless there was an adequate defensive force. We had Dover been content to allow a question of existence and security to depend on moods and friendships. The man who most warni ly believed in our friendship for France would also remember that our ancestors never discharged their duty in their day by rosy hopes in relation to the future.

The Government of the

country, if chal lenged, ought to be able to reply to the citizens: File. guarantee you safety.” A year ago, when the Gedles Report was being considered, he straggled to get better terms for the air. That report inadequately con- ceived and appraised the real situation.

HOPELESS INFERIORITY.

Alte led by a levy, 618 millions would millions require to be set aside to make good in We were in a position of such hopeless perpetuity the Tooks Death Duties, pr,

inferiorty that if a nation now friendly say, 28 millions per annum an

were, as a result of any misunderstand- regulating or quarrel, to bring its air He considered that the vision.

bower yield would be reduced by 31 millions against our shores, we should be entirely year for some years to curb the loss of which did not make us At least as

"In the case

was adequate case of defenceless. No security Sepertax, not sly would there be

strong

the Income

tax upen the income taken away, through in the air as any other nation in the the levy payment depleting the capital, world. (Cheers.) He believed that as soon but ench individual income would be as it appeared that Great Britain was in- lowered in the scale, sad taxable at a lower flexibly determined to be able to face the ate. This luss he computed for some years world the ardour of other nations would at between and 13 millions per 1,000

diminish. millions of levy, or 314 to 396 millious on the whole levy,

Thus the total sum required annually for repairing the breaches in the direct taxes

would at existing rates

Fe between 90 and 98 millions, anci gros

our

He was not prepared to accept a state of affairs which meant that Loaden might be destroyed in twelve hours The moment the case was clearly made to

people, the moment

nent they realised that the capital of and its of in- saving in expenditure of little dustrial population, might bo at the mercy

142 millions would be reduced in

this.

of someone with whom our relations might Way to net saving of about 42 to 30 mil not be so warm as to-day, the temper of lions. In other words, out of 3,000 millions the

ons the people would declare

Itself us

us plainly the of love, 2,000 millions would be required toss in the days of

Armada or Spanish make good its own automatic ravages, If of Louis XIV, or of Napid not desire ot in the we were certain that the future price love to live on the sufferance of any nation,

days of the Great War. whs to be a much lower one, this might be 10 worth while; but in his own view it was impossible to affirm that a materially lower level in the future was either likely or desirable..

INDIANS IN KENYA.

BRITISH WOMEN'S PROTEST.

however friendly it might be. Sir Alan Anderson, who

..the Becond motion, said it was not wise to shut our eyes. Parliament was debating how to hide our stores of petroleum from this very menace. He would like to see civil aviation made the first object, for that would give us what we needed. (Hear, hear.)

The motion was carried

65

"

CESOLATE BATTLESHIP." Admiral Kerr said that unless we put our- selves in the right pussition we ran the greatest risk of being either a subject ruce or a dead nation. He declared that the present type of battleship flew like the devil from anything in the air or under the water. It was entirely obsolete. From the earliest man had struggled for three advantages speed, range, and visibility. In all three

A pamphlet has been issued by the East Africa Women's Langue setting forth the views of the British woven in Kenya on the question of the status of Indians in that Colony, in regard to which the delega tion headed by Lord Delamere are making representations to the Colonial OiEce. To the lodian claims for equality of status,

equal rights of settlement time in the non and non-restriction of the air had the last word. Why, then, did immigra\Ve are told," they state, that that would never go into action 1.

League are emphatically

we waste milliona building a type of ship we muat Torture

on this an Imperial

opposed.

10-

question. We do, for we consider that

the agitating forces în India aking this

a test case for more

B

these be granted. We know

that th

tho

the

in

are not genuine. The great mass German cruisers from getting out and sweep

the sens.

The battleship in the last war, outside the North Sea, might

Sea, might just as well have been at bottom of the sea Inside the North Sea, should the presence of the Grand Fleet prevented ing song That would be gone in future. At the end of the war we guarded the exits and entrances of the North Sea by sub- marines, and in fature we should know how to close those doors with the modern type of of

reduced our output by 50 per cent. Fancy what, a big ruid with several hundred machines every night with really big bombs could have done.

residents in Kenya are quite satisfied with British rule, and have no genuine grievance, The Indians in Reays to-day are about

Grantod

the

three to one of theory, there is still battleship. The little raids over London

We got our air squadrons ready in the

franchiss menace is the claim of equal rights socially to be con- and that for a class of Indian so low sidered, that a high caste Indian would hat

have

e nothing in common with him. The customs of the Average African are far more wholesome and sanitary than those of the low caste Indian. war only just in time. We hit the saêmy How could white women continue to reside first, and that was the only way to be here under sach conditions How could successful in the air. Governments and they attempt to rear and educate their members of Parliament were afraid of children in a British Colony where the their seats. Let them understand that there British were no longer the ruling race? It was a bigger danger coming.

be non-segregation

ia unthinkable. Should

RAILWAY granted, then schools, hospitals, trains, &c.,

OPERAZING ALL LIVES IN SOUTH MANCHURIA AND CHOSEN (HORIA) EANT OF MOEDEN.

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from Duren, but connected with the city by special motor and carriage good and electrice tramway, Yamato Hotel (85 rooms) and 12 furnished bungalows in charming chß garden. Bathing, Boating, Fishing, Golf, Tennis, Billards, Orchestra twice a week. Capital place beautiful and select Seaside Resort in the Far East. Two milesfrom Fart Resort of the high Russian officers and officials. Yamato Summer the Hotel and 20 villas and bungalows, mostly with detached servants' quarters. Excellent Bathing, Wonderful Scenery, Historie Battlefields, Ruined and Diamantied Forts Miles to charming Walke and Drives. Abundant Pienicing Facilities. Orchestra twice a week Best place for high-class families FORT RE

ARTHUR-Famous for ise two memorable Bieges and sta beautiful landlooks Harbour Exacly one hour's journey Dairen by express train. Yamato Hotel (18 zooma). Suficient place of historical and scenic interest to fill a month with a fresh walk or drive every da

Alost healthy and salubrious spot in the Fer Feat. da Mort KONGOSAN, The famous Diamond Mountain of Kores. A special Summer Resort rivaling Switzerland for climate and scenery. Beautiful peaks and charming cascades. Grand recuperative qualities. Kengosan Hotel (10 rooms) at Onseiri and Choují. Hotel (11 rooms) at Choenri.

All under the direck management of the BOUTH MANCHURIA RAILWAY 00.

„Tinsirated. Booklets and all Information por Izee on requsak,

Appilestiona may be went to the Hotel Mansuers at the varlóns resorts or so

GRANATEE SUPERINTENDENT OF HOTELS Trado Department bie: Add, Mantes.

SOUTH MANCHURIA BAILWAY, Dairen. Code: A.B.G. 5th E4 A1 à Edebors

would be common ground for Europen and Indian alike, and our residential

areas HONGKONG SHARE MÄRKET would have to be

thrown open to them. We British women could not tolerate the

CLOSING QUOTATIONS. thought of our children, whose home diametrically upbringing has been

to that of the Indian child, being side by side with Indian children the understanding that the

High onds of Kenya would be reserved for

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all time for white settlers, kuros came and started to, make homes here, many years before the war After the war, a very large number of soldier settlers buuyed by pledges from Lord Milner

I fall of confidence in the p

e good faith of the British Government, came out to Kenya, many of them broken in health, putting of capital they possessed into overy farthing the land allotted to them Also WADY widowed and unmarried British" women came as settlers on the same understanding that this was a white man's country. Liy- ing very often in extremely lonely in parts of Kenya, these women settlers could not possibly remain with Indians for neigh- bours. Should the pledge of the reserva- Highlaxis for white sottle. ment be

parents cannot face the

rearing families under such conditions as They look to us to keep our faith, with would prevail, Should, the Indian claims them, and should the Indian be granted be granted, though it would practically what he claims we would have broken our mean ruin to most of the settlers to leave trust. The most officacious way to necale- the country--the European has that remate the training of the African in all pedy-what is to become of the natives 7 branches of teclinical knowledge would be

(Continued at foot of next column.) the restricting of India amigration."

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