1930-04-16 — Page 9

41

MR. SNOWDEN'S NEW BUDGET.

"SOCIALIST PROFLIGACY" PREDICTIONS ·

UNFULFILLED.

SURTAX, DEATH AND BEER DUTIES

RAISED.

The long-awaited Budget proposals were made known on Monday night in the House of Commons by Mr. Philip Snowden, Chancellor of the Exchequer, and have been generally well received. Contrary to expectations, the predictions of "Socialist profligacy" have not been fulfilled..

Among the proposals to make up a deficiency of £42,234,000, are an increase of duty on beer by three shillings a barrel; the raising of income tax from 4 to 4/6; increase of the surtax rate the increase of death duties from 40 to 30 per cent., and the taxation of aliens trading in Great Britain. Mr. Snowden claims that the new Budget places extra taxation only on the shoulders of those able to bear it, and takes nothing from the poorest.

NO DIRECT TAXES ON INDUSTRY.

(THROUGH REUTER'S AGENCY.]

LUNDON, April 14

Income Tax.

ཤ་

THE HONG KONG DAILY PRESS, WEDNESDAY, APRIL 16, 1930.

UGLY SCENES IN CALCUTTA.

MOB SETS FIRE TO. TRAMS.

ATTACKS ON EUROPEANS.

THROUGH REUTER'S AGENCY.]

CALCUTTA, April 15.

A hartal is being observed throughout Calcutta as a protest

ANGLO-EGYPTIAN CRISIS.

THE SUDAN A STUMBLING BLOCK.

NEGOTIATIONS IN LONDON.

(THROUGH BETTER'S IQENCY.]

LONDON, April 15, Dificulty in the Anglo-Egyptian

ANOTHER BANDIT OUTRAGE.

CANADIAN CAPTURED.

$200,000 RANSOM

DEMANDED.

THROUGH REUTER'S AGENCT.}

PERING, April 15.

Bandits have captured a Сард

'NO TRUCE WITH

KWANGSI.

CANTONESE CAMPAIGN TO BE CARRIED ON.

9

BANDITS GET BUSY AS REDS LEAVE.

NAMHUNG'S POPULACE SORELY TRIED.

DESULTORY FIRING HEARD TRAIL OF DESOLATION LEFT

IN WEST RIVER AREA.

Wuchow reports state that the the upper military situation on reaches of the West River remains stagnant. For the past week, firing

between the warring factions Sunchow. The pro-Nanking troops

BY OUTLAWS,

According to a report from Shiu- kwan, the menace of the Chu-Mo

Reds in Northern Kwangtung is The Reda now practically over.

against, the conviction of Jawahar-treaty negotiations in London was dian, Mr. C. A.. Bridgman of the has been exchanged across the river who evacuated Namhung on the 7th..

lal Nehru.

evidenced

the fact yesterday

Students and carters axe demonstrating by stopping traf. that conversations began at 5 fic" by placing obstructions on the o'clock in the afternoon and ad- tram-lines. Two tram-cars have journed at 4.30 in the morning with two hours dinner interval. They Police are posted at important will be resumed this afternoon. after the points on which agreement has been reached have been submitted to the Cabinet.

been burned.

centres and armoured cars are out.

The situation is tense,

European Woman.Stoned,

LATER.

The situation is becoming serious. Seven European officers and ten

The House of Commons to-day four shillings and sixpence, with Kalasis were injured in the Sit- tions were Lord Passfeld (till mid-

was packed, and animated ques tions were rushed through with in audibility and inattention, since all were expectant in connection with Mr. Philip Snowden's Budget.

Mt. Snowden unid that the standard rate of Income Tax would be increased from four shillings to

some protection for small incomes, so three-quarters of income tax parers would not be affected.

All property in the country would be rensessed for a property tax. The income tax increase would produce £21,000,000 this year. The surtax rate would be increased, producing £7,500,000 this year, The death duties on estates exceed ing £2,000,000 would be increased from 40 to 50 per cent. Other rates also would be increased. The death duties would yield £3,000,000 this year. The total estimated revenue

quarter, where a crowd stoned the Fire Brigade, while extinguishing the tram-cars.

There has been serious fighting

Besides Mr. Arthur Henderson, the participants in the conversa- night). Sir Percy Loraine, Lord Thomson, and Mr. Tom Shaw, the chief of the Foreign Office officials.

According to the papers, the Egyptian "delegates claim that the

United Church of Canada, and a Chinese pastor at Changshow, de miles below Chungking.

They retired inland with the cap- tives and demand $200,000 ransom.

The British Consul at Ichang has made representations authorities to secure their speedy release.

to

Mr Bridgman is married. came to China in 1872.

ANGLO-SOVIET TRADE

TREATY.

FULL IMMUNITY FOR REPRESENTATIVES..

the

He

in North Calcutta where nineteen Sudan constitutes the stumbling In the House of Commons at

that

persons have been sent to hospital. Unconfirmed reports state there has been firing."

..

have hot, yet crossed the river, as they are acting warily in view of the strategic nature of the enemy's stronghold.

inst. are now re-visiting Southern.

Kiangsi.

F

In consequence of the reappear- ance of the Reds, Namhung is in a state of desolation and ruin. Be- fore leaving, the outlaws burned. Another reason for the delay in the yamen of the Magistrate and military movements is said to be all documents and official records the fact that both sides are appar- were consigned to the fames. ently in Snancial distress. It will lowing their evacuation, robbers committed outrages.... It was two be remembered that rot long ago, Fan Ki Mo, the Canton Finance days later that troops arrived there Commissioner, tendered his. re- from Shiukwan.

Fol.

signation in view of the difficulty. In spite of the arrival of the sol encountered in raising sufficient diers, order was not restored, as funds for was expenses. However, the police and officials who fled it is realized that the Kwangsi when the Reds took the city, had troops must be exterminated, er not returned. A meeting was sub- they will exterminate the Cantonsequently held by the gentry, when- ese forces. As no truce can be it was decided to urge the Magis- arrived at, the campaign is to go trate to return and ask the troops to garrison the place, as bandits are still rampant, though the Reds have gone.

Mr. Snowden, who received a ministerial ovation said that the deficit of the financial year 1929-30 was £14,322,000 compared with the estimated surplus of £1,000,000.

3. Snowden said thas the I come Tax yield of £237,500,000 was £2,000,000 below the estimate, but showed an advance on the yield of was £769,000,000, and the estimated machine and run for her life. She ciga Office at three o'clock this nation treatment in' respect. of all craft had already left the place hang. He had to delay his return,

previous years. So far as Income | Tax could be regarded as a "bare meter of national prosperity, we were entitled to say that industry generally had continued to hold is ground. The surtax yield failed to show the expansion expected, while the yield of stamp duties was sadly disappointing. They expected it to be £1,000,000 over the boom year, 1928, but with the decline in the

Stock Exchange transactions, they decreased by '£5,330,000.

National Debt.

The national debt had been reduc- ed by 1,000,000 to £7,460,000,000, while as a result of his conversion loan's operations the Boating debt had been reduced during the year by" £100,000,000 to £67,000,000--- easily the lowest fgure since the Tar.

Mr. Snowden announced his in- tention of proposing an alteration of the law as regards the Budget deficits hy imposing an obligation on the Chancellor of the Exche quer to make them good by means of a corresponding addition to the provision of a deht redemption the following year.

Services Reductions, Mr. Snowden said that the reduc- tion of expenditure in the fighting services compared with three years ago exceeded £7,000,000 but this was not so much as he would like.

The Civil Service estimates were increased by £30,000.000, as a result

of the Local Government Act,

Mr. Saowden estimated the total expenditure for 1930-31 at £751,908,000 and the total revenue on the existing basis at £780,643,000: thus he had to make good a differ ence of £42,264,000, and new taxes were inevitable.

McKenna. Duties to Remein. Mr. Snowden said that with the oid of £16,000,000 from the de-rating relief suspensory fund he hoped to reduce the prospective deficit to £26,231,000. He proposed to pay off the 1920 deficit of £14,500,000 by £3,000,000 each this year, and in 1831, and 24,300,000 in 1939. Ho would abolish the remnants of the Betting Tax at a cost of £180,000.

This year the safeguarding duties. would continue until they expired and would not be renewed. (Con- servative cries of "shome." Minis- terial cheers.) He regretted that the financial position would not permit

the

repeal this year of the McKenna and silk duties, which brought the revenue nearly £10,000,000 a year, nor could he carry out this year the pledge to remove all existing fiscal duties, bus the Government intended to do so before this Parliament ended four years hence. (Loud laughter and cheers.)

Bear Duty. Mr. Snowden said there would be minor alterations in the starop duties costing £950,000, also the alterations in regard to licences on motor cycles, commercial vehicles, and petrol electric vehicles costing £20.000 this year. This left him to find £31,714,000...

surplus £2,236,000.

How Land Taxation.

Mr. Snowden said that the "mo-

A be

moment. Land

ment bad arrived when definite action must be taken in regard to land values. but valuation was an indispensable preliminary, ginning would be made at the earliest possible. values must be dealt with separ ntely in & Valuation Bill, which would provide the basis of taxa- tion and rates. The Government intended to use valuation to secure for the community a share in the constantly growing value of land. In the absence of any unforeseen calamity, no new taxation should be required in 1931.

|

A European lady, who was motor. cycling to town, was stoned by a crowd and forced to abanden her

is now in hospital sufering from nasty gashes.

There is still considerable unrest in the Sikh quarter with occasional

rushes and counter rushes. The streets are littered with brickbats and broken weapons.

Bituation Under Control,

LATER.

The situation here is now under control. Trafic has been resumed. Armoured curs are patrolling the

streets.

Ban On Public Meetings.

CALCUTTA, April 14. Immediately following the con- viction of Sea Gupta the police banned public meetings and pro- cessions in the city and suburbs, without licences.

He claimed that he had placed extra taxation.on the shoulders of those best able to hear it. He bad imposed no direct taxes on industry. and had not taken anything from the poorest.

Rousing Public Sentiment.

RUGBY, April 14: Questioned regarding the civil disobedience movement, Captain resolutions and adjourned the de Wedgwood Benn said that the bate.

The House agreed to the Budget

Grave and Formidable Proposals.

Mr. Winston Churchill, the Chan- cellor of the Exchequer in the last Government, said that they must have time to consider the full im- plications and character of Mr. Snowden's grave and formidable proposals.

movement initiated by Gandhi had developed generally along the lines anticipated. Broadly speaking, it might he said that the defiance of the salt law had in itself not

Its caused much trouble.

renf

significance lay in the attempt to use it as a means of rousing public sentiment to a dangerous pitch and, Mr. Lloyd George, in con in one or two places, public demon. gratulating Mr. Snowden, midstrations had, he regretted to say, that his speech had had the same shattering detonation as a six inch It was too early yet to give an ap resulted in clashes with the palice. shell on some members of the oppreciation of the effects of the position.

campaign, but he had every con- fidence that the steps taken by the Government of India will be ade- quate to deal with the situation as it might develop.

Tax on Foreigners. Mr. Snowden stated that he pro- posed to amend the law so as to enable reciprocal arrangements to be made with foreign coun tries under which foreign principal would be liable to income tax only in respect of his profits on the sale of his goods through an agency in England in cases where the agent sold from stock or exercised his power of concluding contracts on behalf of the principal.

"ORTHODOXY VERGING ON

DULLNESS."."

RELIEF FOR INDUSTRIAL STAGNATION,

Deas,"

(THROUGH RIUTEL'S AGENCY.]

LONDON, April 14. "The orthodoxy, verging on dull

of 'Mr. Snowden's hrat wholly self-compiled Budget has disarmed many critics who had ist profligacy," It is expected at been predicting schemes of "Social- least to relieve the recently inten sified industrial stagnation which- has been attributed to the uncer tainty of the Chancellor's inten tions, though whether commercial buoyancy thereafter will be checked by the increased taxation at pro sent is in dispute.

The stabilisation of the Sinking Fund, directed at the redemption

tion,

The

DUTCH INDIES AND RUBBER. GOVT, URGES RESTRICTION.

[THIOUCH REUTER'S, AGENCY.)

(THROUGH REUTER'S AGENCY.]

LONDON, April 14

question time Mr. Hugh Dalton, block.

said that the negotiations had been concluded for a modus vivendi Egypt's "Fantastic Demands.”

pending the conclusion of the full LONDON, April 15.

British and Soviet trade treaty. The Anglo-Egyptian negotiations

It would provide for the recipro were still proceeding at the Foreal granting of the most favoured

certain special exceptions concern morning in an effort to remove the tarde, and national treatment with crisis" which the newspapers' as-

ing shipping. It would also give cribe to Nahas Fasha's "fantastic the Soviet the right, to establish s trade delegation in London, con- sisting of the Soviet trade repre- sentative and two deputies from the Soviet Embany.

debrands."

KAYE DON LEAVES FOR HOME.

BAKER REPORT ABSURDLY

RIDICULOUS."

[REUTER'S AMERICAN SERVICE]

NEW YORK, April 16. " Mr. Kaye Don states the Baker report is absurdly ridiculous.

Mr. Den, with the Silver Bullet, is leaving for home en Wednesday.

An earlier report stated that Cannon Ball" Baker had accept- drive the Silver ed an offer to Bullet at Daytona Beach, subject to the approval of the Franklin Motor Company, with whom Baker is employed under contract.]

NEW YORK STOCK EXCHANGE PRESIDENT,

[HEUTER'S AMERICAN BERVICE.]

NEW YORK, April 15. Richard Whitney was nominated as the next President of the New York Stock Exchange in succession to Mr. E. H. Simmons.

Mr. Whitney, who is 41, will be the youngest president the change ever had.

PROPAGANDA IN WASHINGTON.

ALLEGATIONS AGAINST METHODIST ACTIVITIES

[UNITED PRESS:]

ex-

Washington, April 9. Congress- man George H. Tinkham of Massa chusetts, the first American to fire a shot against the Austrians aft the United States' declaration of war, let off some hot shots of a different description to-day.

BATAVIA, April 15. The Government has circularised residents in the outer possessions of the Dutch Indies, where native rubber is produced, asking them to urge native producers to join the He told the Senate Lobby Co.o restriction movement. The Governmittee that the Methodist Board as ment is also arranging a conference Temperance, Prohibition and Pul of residents of the most important lie Morala and the Federal Council producing regions in Palembang, of Churches had violated a funda Djambi and Borneo to discuss the mental American tenet willing for position. Dr. Marinus, the repre a complete separation of Church sentative of the rubber producers and State.

in Holland, who is a virtual dicta-Methodist activities in Washing tar of the situation, will preside.. ton constituted a pernicious k bby calling for investigation and ex- posure," the Congressman dielar ed emphatically.

PRES, HOOVER ON NAVAL

AGREEMENT.

"GREAT AND FAR-REACHING."

[BEUTER'S AMERICAN SERVICE]"

WASHINGTON, April 15.

Mr. Hoover, addressing the

of the whole debt within fifty years, Daughters of the American Revolu- meets with universal commendation, hailed the London Naval Agreement as "great and far reaching," and said the most im partant thing was that it had been able finally to turn the tide of con stantly increasing naval arms and to and the period of suspicion and bad faith generated by the stant rivalry in construction.

Mr. Hoover indicated that his devotion to the World Court re- mained undiminished. He had no doubt that the United States would become a member of the Court.

The beer duty would be raised immediately by three ahillings barrel. Brewere had sasured "him

Conservatives accuse the that the price and strength would Chancellor of vindictige discriming- not be affected. This would yield tion as the new taxation does not 42,750,000. In the current financial affect bachelors earning under year he would propose legislation £600 a year or the average family man. Motor manufacturers are re- to prevent the avoidance of estate duty by the formation of private joicing at their escape from the companies, and the avoidance of fate which has befallen the lacs. surtax by single premium insur-cutlery, leather, fabric glove and ance; also legislation in regard to gas mantle industries whose safe the liability of non-residenta trad- | guarding protection expires during ing in England to Income Tax.

the current year.

CQD+

Their enterprises consisted, among other things, in personal solicitation and the circulation of propaganda, Mr. Tinkham stated They employed paid professional servants and agents to communicate with members of Congress.

Mr. Tinkham named Mr. Clar ence Wilson, general secretary of the Methodist Board of Temper- ance, Prohibition and Fublic Mor- als, as among those who appeared. before Congressional committees and also solicited departments of the Government.

No other organisation compared with that of the Methodists in con- stant legislative activity, the wit nesa aserted.

Mr. Tinkhara quoted Bishop Mc- Dowell as saying that the Methodist Board's headquarters across the street from the Capital was "for- tunate and stategic.".

These three, consequently, would -receive diplomatic privileges (Con servative cries of "shame"); im munity would also attach to the delegation's offices used exclusively for commercial purposes. The pri vileges granted would not apply to Court proceedings in respect of commercial transactions This tem porary agreemeat was subject to six months' denunciation.

HAVANA SUGAR RESTRIC

TION TO CEASE.

Itenough renTKA'S AGENCY.]

on

An attempt is being made by the Cantonese troops to cross the river. General Chen Tsai Tong had order,

The Magistrate left Shiukwaa ed commandeering of vessels for the purpose, but in the meantime with his staff on the 12th for Nam

General Chei bas instructed fire as it was necessary for him to raise for fear of being commandeered. shallow draft gunboats to convey sufficient funds in Shiakwan for the troops across the river under rehabilitation purposes and for the

relief of the sufferers. escort of another five gunboats.

A section of the Kwangsi troops recently attacked Paklau with the idea of harassing the Cantonese invaders from the rear, but they were repulsed.

ATLANTIC. TELEPHONE

CABLE.

BRITAIN TO CONTRIBUTE HALF THE COST.

(THROUGH REUTER'S AGENCY.]

Lobos, April 14. The Postmaster General, Mr. H. B. Lees Smith, announced in the House of Commons to-day that the British Government was contribu- ting half the cost of the telephone rable between Great Britain, and the United States, on the condition that it proved satisfactory.

HAVANA, April 14. The Co-operative 'Exports Agency, which controlled sugar sales, has now been dissolved by a vote of the If his cable was not laid down. shareholders. The dissolution he added. Britain lost the vital menns free sales and unrestricted nosition as the telephone centre of growing and grinding.

the world.

Concerning

Cooking.

PERFECT COOKERY.

The Canton Government has dis- patched an additional regiment to Namhung from Shiukwan to sup- press the bandits.

"SOUTH KWANGTUNG "AND THE REDS ROBBERS JOIN FORCES WITH KINDRED ELEMENTS,

The districts in Southern Kwang- tung are again menaced by largo Recently, zumbers of bandits. robbers under the notorious Wang Chih Wai joined forces with those under Leung Kit Man and they have moved to the Ho-Lui districts Only three com- from Yangchup.

were dispatched panies of troops from Kochow to deal with them, as the number of garrison troops there was limited. It is understood that the 4th Independent Regiment under Colonel Chang Chih Ying, which was on its way to Kochow, has been seat against the robbers.

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