1932-04-02 — Page 9

BRITAIN'S BUDGETS

BALANCED

Most Remarkable Year In Britain's Financial History

Surplus of £364,000

THROOM REUTER'S OWNCY.1

LONDON, Mar, 31.

The most remarkable year la Britain's financial history anded at miduight with the revised budgat not only balanced but feaving a

|

POST OFFICE DOWN

The Post Office net receipt is $700,000 less than expected, and there is a further shortage in re ceipts from aundry loans and mis. cellaneous itens,

These two latter heads were

HONG KONG DAILY PRESS, SATURDAY APRIL 2.

JAPANESE BADLY | MYSTERIOUS DEATH

INJURED

BEATEN UP BY SHANGHAI COOLIES

SUCCESS OF ARMISTICE CONFERENCE IMPOSSIBLE

THROUGH NEUTRI'S "AGENCY"

SHANGHAI, April 1, The Japanese are highly incensed following a mob attack on a Japan ese printer in the French Concession yesterday afternoon.

The man, who was 7 years of age, was attacked and terribly.

surpins of £364,600 after providing estimated at £59,200,000 and have beaten by an infuriated 'mob, con-

£32.500.000 for the redemption of debt.

realised £33,723,000. The difference is due mainly to the reduction in the amount paid to miscellaneous: ravenue from the exchange ac count.

The Treasury announcement marks the successful completion of the first stage of the „National Government's programme to lay a sound foundation for future prospermanent debt charge as revised perity by first, establishing con by the September. Budget was fixed

ndence at Home and abroad.

The happy position has been con Adently anticipated and the Chan cellor of the Exchequer, lastead of sitting anxiously at the Treatury. awaiting the final figures, is taking at * Dee-side fishing

vilingo..

The Government's financial yoar ended today and the complete Treasury returns in the year are published the statement Bach panying the abstract of accounts, stating:

Tho Budget has been balanced, with a surplus of £264,000 after providing £39,608,000 for the re- demption of debt.

k "This result has been achieved

notwithstanding a decision to limit the amount paid to miscellaneous

revenue from the Exchange Ac count to B12 millions, including interest, instead of £23 milions including interest, contemplated last September,

INCOME TAX SURPLUS.

The expenditure on supply ser. viens is £12) millions less than the September forecast, the rethctions realised having been 34 millions azing £E millions contem. plated in September, It will be observed that not merely were the estimates of the yield of income fax and surtax realised but they provided a surplus of 10 millions towards meeting deficits on the other heads of revenue."

The National Accounts show that the raveno during the year mounted to. £770.063,000 and the oxpenditure 19 770,500,000. The revised budget forecasted Exche quez receipts from income tax of 2279 millions and from surtax of 73 milliona. The amounts nocojv- ed in the year are respectively £287,400,000 und £76,700,000.

On the other hand, Estate Duties have

only yielded £35,000,000, which is 18 millions less than the budget estimate, while Stamps, which were estimated to produce £20 millions fell short by three millions.

On the expenditure side. the

at a millions, which induded

2 millions for debt redemption. The whole of this surn has been issued and applied in the manner provided.

In the

SUPPLY SAVINGS On the supply services. a aub. stantial saving is shown. The original budget estimate of last April was £139 millions. revised financial statement of last September this was increased, to £472,800 thousand owing mainly to the decision to stop borrowing for vicemployment insurance and roads, but before taking into the account the economies proposed

These

sisting mainly of coolies, who left him lying unconscious in the street.

He would probably have been kill- ed but for the arrival of a French' police rescue party, who took him to, hospital.

21

CHINESE OBSERVERS

PESSIMISTIC

SHANGHAI, April 1. Chinese very closely connected with the Armistice Conference are very pessimistic and of, the opinion that a successful outcome of the negotiations impossibile, bery neither the Chinese nor Japanese wish to shoulder the responsibility of a rupture hence the negotiations

actual hostilitiek break out. may continue indefinitely unless

OF PLANTER

POLICE: MAKING ENQUIRIES

(THROUGH" REUTER'S: AGENOY.];

Nios, April 1.

Mr. Ernest M. T. Cummins, a well-known Malay Stabes rubber

TRANS-ATLANTIC

WARFARE.

SEVERAL LINES ANNOUNCE REDUCTIONS

(Reuter's Special Service,);

BERLIN, April 1 Not waiting for a formal decision planter, who has been living since by the North Atlantin Conference last summer in small villa at Brussels, the Hubung-Anerica. Monte Carlo, has been found dead and Nord Deutscher Lloyd Com in circumstances which have led the are reducing the North Atlantic panice bave announced that they

fares from today. police to prosecute onquiries,

Third clnas, by ten per cent., first and second class by twenty

DARTMOOR PRISON

MUTINY

AMAZING." STATEMENT

BY CONVICT

(THROUGH REUTER'S AGENCY.}

LONDON, Mar. 31. An amazing statement, in the course of which one of the "convicts, accused in connexion with the Dart- mour Prison mutiny in January Inst in alleged to have admitted that he was responsible for starting the fire, was reati in court at Prince- town to-day,

This dramatic statement wound up the case for the prosecution dur- ing the hearing of the charges against the thirty-two alleged ring leadera.

The letter was addressed to Major Pannall of the Governor's Office and was signed by James Cosgravo.

It states:

or conta

The Compagnie General Trane Atlantique, though opposed to the cuts policy, announces ita inten- tion of an immediate out of twenty per omt, in trans-Atlantic fares,

The Holland-America Line an- nounce a cut of twenty per cent in passenger fares.

KRUEGER AND ... TOLL COMBINE

GOVERNMENT GRANTS

MORATORIUM..

(Renter's Special Service.)

STOCKHOLM, Aprili. The Government has granted the application by the Krueger and Teil sombine for a prolongation of

the moratorium for month in order to facilitate a peaceful con- tition of the enquiry into the combise's affairs, which can hardly the completed before the end of

April.

SHANGHAI POLICE

TRAGEDY

THREE DEAD AFTER "GAMBLING QUARREL

(From Our Own Correspondent.)

Suasana, April, 10° Three Chinese constables of the

Shanghai Municipal Police are dead ma a result of a double mur-

Police Station in the early hous ded and, micide at the Central

of this morning.

The tragedy resulted from an altercation over the payment of winnings, amounting to two dollars, in a gambling game.

One of the

CANTON

CHANCES

TWO GENERALS RESUME

OLD POSTS

"SOUTHERN MILITARISTS

LOYAL TO CENTRAL GOVT.

(From Our Own Correspondent.)

CANTON, April

Both Ganeral Chon Tani Toner Commander-in-Chief of the 1st Army Corps and General Là. Trung Jen Commander-in-Chief of the 4th Army Corps, are proparing bo submit to the orders of the Nation constables drow his service revolver al War Council of the Nanding and after killing hiat

Government in the matter of re- panions tured the weapon on him- organizing the armies of the two self, with fatal results.

Kwang Provinces. The names of lat and 4th Army Corpe, conceived i when Canton was starting its lasd military expedition againat Nan- king, will be abandoned and the armies under General Chow. That

two. com-

DOG POISONING PREVALENT

(From Our Own Correspondent.)

SHANGHAI, April 1.

A mysterious individual or a have lately wifully poisoned dogs in the Western district. num ber of valuabls dogs have succumb ed to the effects of strychnine. The poisoner or poisoners selected the biggest dogs for their nefari us work, including fou magni foent Great Danes, which died in spite of all attention. The Polico n theory which may possibly lead to an arrOSÉ,

The Tokyo General Stadt have instructed their representatives at Governor's Office which was all

"I was standing outside the NEW YORK BROKERS are working on the Shanghai, Conference to agree smashed up. I entered by a win-

TAXED to shorten the line" which original dow and found six men there. I ky daanded the abandoning of got hold of a newspaper and start- Woosung Forts and Kiangwanichen, ed the fire. I then left the build-GOVERNMENT TURNS TO

ing."

but are unable to specify the Bateri

in the second budget. economies were estimated to save £70,000,000 in a full year and of withdrawal as it is entirely KING AND · QUEEN dependent upon local circum. stances.

millions in the remainder of the current year.

In fact, the Exchequer issue bas been proved to be £439,200,000 showing a saving of £14,000,000 in the revised estimates.

The total saving the past year has therefore amounted to sh millions. The total expenditure of £770 millions is chas 219) mil- lions les than, was estimated in the revised budget.

RELIC OF WAR

JAP ARMY IN SHANGHAI

(From Our Own Correspondent.)

SinArartAi, April 1.

The Japanese Army in Shanghai is now estinated to comprise 50,000 soldiers, 5,000 horses; 100- field pieces and 50 aeroplanes.

"WAR" AREA RENTS RENOUNCED

SHANGHAI, April 1. Lord Snowden in An exceedingly generous gesture September last, is a relic of tho war when American and Canadian by the Shanghai Land Investment securities, held in Britain by cor-Company was disclosed to-day by porations and private investors. I notices distributed in certain dis were mobilised by the Chanecilor

The Dollar Exchange account, from which £12,750,000 has been taken to balance the budget, in stead of the £23,000,000 contem- plated by

of the Exchequer in order to meet tricts of the Settlement. dollar paymenta.

AMERICAN AND FRENCH

BILLS REPAID

LONDON, Mar. 31. The Treasury announces that gold-dollar bills maturing in New Customs and excise revenue was York on March 29 to the value of estimated to produce a total of £253 millions. The actual receipts $30,000,000 have been repaid, as have exceeded thin sum by a milns likewise the credit of Fr 900,- lions but of this about 2 millions 000.000 given by the French banks.

is on account of the new import The Treasury retains the right duties under the Abnormal im to re-borrow for twelve months, ñortation Act, the Hortientural part of the arrangement when the and the Import credits were granted in August and Products Act Duties Act.

September last.

DEATH OF FAMOUS HOSTESS.

KING EDWARD'S YACHT ESCAPE RECALLED.

MYSTERY CATTLE

DISEASE.

800 DEAD.

A mysterious disebas has caused the death of about 500. cattle, in sinding many pedigree animals, in Herefordshire.

The death in London of Jeanie Lady Naylor Leyland, which was

At a meeting of the County announced last month, recalls Council, last month, Alderman J famous hostess and brilliant figure E. Cooke, the chairman" of the in society circles at the end of last Diseases of Animals Committee century, a friend of King Edward and other members of the Royal said the cattle were stricken with a Family.

kind of paralysis immediately after She was the daughter of Mr. calving, and died in a very short William Salah Chamberlain, of

while. The cause of the disease Ohio, United States, and was war- ried in 1889 to Sir Herbert Scaris, had not been discovered, and brick Naylor-Layland. Until his farmers were advised to give their death in 1999 Hyde Park House, cattle salt and sugar. Albert Gate, W., was the scone of many glittering social functions, which were "frequently attended by royalty.

within a few inches of the King No one was injured, though some of the crew were awent overboard.

Guarded at Eton, King Edward acted as zodfather for Janie Lady Naylor-Leyland's eldest son, the present baronet, and younger son had King George na godfather.

The notices reveal that the Com. pany propose to grant exemption from the payment of rent for February and March, to Chinese tenants premises north of the Soochow Creek and other districts affected by the recent confict in the Settlement area.

AT WINDSOR

PRINCESS ELIZABETH'S SIXTH BIRTHDAY

STAROU REUTER'S ENCY.)

WALL STREET

(REUTER'S AMERICAN- SERVICE]

WASHINGTON, Mar. 31. Continuing their quest for new source of revenue in their budget- balancing, drive the House of Re- presentatives to-day turned their at tention to Wall Street despite the keences opposition of members from

New York.

The House-voted taxes of one quarter of one per cont. on the sale LONDON, Mar. 31.

prices of stocks and shares, five The King and Queen this after-cents per G8100 on

the sales of noon metered to Windsor Castle, grain, cotton and other produce, where Their Majesties are expeated fifty cents per 8500 on real estate. to remain in residence throughout f conveyances, and one-aighth of orie April.

per cent, on all bond transactions.

During their stay, they will be visited by the Duke and Duchess, of York, the Princess Royal and her husband, Lord Harewood, and other members of the Royal Family. six on April 21st, will probably Princess Elizabeth, who will be.

spend her birthday with her grand parents at the Castle.

ال.

IMPERIAL ECONOMIC

CONFERENCE

IRISH FREE STATE WILL ATTEND

(THROUGH REUTER'S AGENCY.]

The Investment. Company have also suffered considerable losses, but they wish to show goodwill and sym- pathy to their tenants who had paid

OTTAWA, Mar. 31 up all their rents prior to February report in a local paper regarding A most emphatic denial of the Another sign of the desire of a possible refusal of a sent at the residents of Shanghai, for norma Imperial Economic Conference to conditions is the resumption of all the Irish Free State was given by the Prime Minister, Mr. R.. B. Ben- Chinese business to-day after a nett, in the House, at Commons. strike of two months.

The report, already denied uns Satisfactory progress is being officially suggested that Canada made by the authorities in the task contemplated refusal if Ireland of oleaning up Chapes and to inm | abolishing the Oath of Allegiance prove sanitary and living conditions It was pointed out that the Gov- in all the war areas,

erument had not even considered the matter.

order that it shall be completed be The work is being speeded up in

fore the warm weather sets in.

DISCUSSIONS FUTILE

GENEVA, Mar. 21.

Mr... Bennett said that the Free State had already accepted an in- vitation to the Conference and háð agreed to a postponement of the 18 to July 21 to suit the convenience opening of the conference from July

It is futile to continue the armis-of some of the delegates opinion of the Chinese Foreign tice discussion in Shanghai in the Vice-Minister, Mr. Quo Tai-chi, who has cabled to Mr. W. W. Yen, in- forming him that the Japanese are adamant in refusing to withdraw completely.

Meanwhile, Sir Miles Lampson, the British Minister, who has play- ed an important part in the penon parleys, has also cabled to Geneva reporting further warlike incidents

the region of Taitsong, TAITSANG DISTURBANCES

EXPLAINED

Shanghai, April 1. An official Japanese communiqué attributes the warlike incidents in the region of Taitsaus mentioned

STEP TOWARDS FEDERAL INDIA

CHAMBER OF PRINCES", UNANIMOUS DECISION

(THROUGH REUTER'S. AGENCY.]

NEW DELHI, April 1. A bir step towards the goal of Federal India, was taken when in the presence of the Viceroy, the Chamber of Prince unanimously adopted a resolution declaring the State's readiness to join the All- tion that the Crown will accept the

After the death of her husband Lady Naylor Leyland was described as one of the richest and loveliest." widows in the country. Her gowns and jewels, and her carriages and hornes were the talk of London.

She was on board the late Bir Thomas Lipton yachas Shamraic while dur guns were at Eat iper Calendar Car Builderatur thump II. in the Solent in May, 1901, when ! 1907 it was rumoured that mysteri- number of Chinese troose. The King Edward had a narrow escapeyous persons were trying to kidnap communiqué brands as felso responsibility for securing them A sudden gust of wind carried the them, and for a time detectives ports to the effect that the Trpet specified guarantees regarding the mast sway and the main boom fall were engaged to guard them day se occupied Taitaang on March existing treaties of intamal cover-

Continued of foot of next column) and night.

31.

SHANGHAI STOCK

EXCHANGE .

change

CHANGCHUN BEING EVACUATED

KIRIN ARMY CHANGES

[TEROCOM MAUTER'S AGENCY.]

Tong of Hwangtung and Genera Li Taung Jon of Kwangsi will he called the 8th and the wth Route

Army respectively, in accordnace with the scheme of organization

and classification of the National

War. Council..

Ed-appointed.

Simultaneously, Generaler Chen Tani Tong and La Thing Jon have beat appointed respectively Com mander-in-Chief of the 8th and sin Boute Army, two postn which they had held prior to the formatio, of: the independent regime in Canton..

is learned from reliable scurta

that both of them have decided to assume their new duties, und, res sponsibilitien on April 30. Both are away at the present time, but Care expected to be back in Cantori

before that date.

Thalgatas Altered.

In the meantime the insignine od SHANGHAI, April 1.

the two army corps are being aitered in accordance with the Chinese reports from Harbin orders of the National War Coug state that following the capture of cil Nungan by the anti-Manchowkuo attached to the coming military Considerable significance is forces a state of emergency has reorganization in the Liang Kwing been declared. It is reported from Provinces as it shoes that he Changchun that a number of off-military leaders of, the South are cial families, including the relatives loyal to the Central Government. of Pu Yi, have already left.

Suppression of“ Bazdits.

HARBIN, April 1,

It is reported that the Twenty- Eighth and Twenty-Second Bri- gades of the old Kirin Army have capitulated and are enrolling in the

new army.

کر گئی

The Twenty-Eighth Brigade airin ved from Imienpo this morning and (From Our Own Dorrespondent.)

it is reported that it will be trans- ferred to the southern line for sup-) SHANGHAI, Aprit & When the Shanghai Stock Execond Brigade will be stationed at pression of bandite. The Twenty- re-opened after

two Imienpo.. months inactivity there wit a good attendance of members. But little business was done, however, white prices were weaker than when the Exchange suspended its activi- ties. Liveliha is not expected: unt) general conditions improve sufficiently to justify forward trad ing.

WEATHER REPORT.

Yesterday's weather report, forseest and remarks, issued by the Royal Observatory at 6,90

The anti-cyclone is now cen tral over the Eastern Sea. It is moving eastward and de ereasing "in intensity,

Local Forecast:-N.E. winds, moderate; fine to cloudy.

.EXCHANGE RATES.

{BRITISH WIRELESS SERVICE:}"

Rugby, March 31.

Paris New York Montreal

Brussels Geneva..... Amsterdam Milan. Berlin Btookbolm Copenhagen

Vienan: Prague Helsingfors Madrid Lisbon Athens Bucharest

Buenos Aires

··Montevideo Bombay m Shaaghat Hong Kong Yokohama Bilvor (spot)

3.30

4.21

··18.9/10

9 13722 201 15 18/18 189

18

18 15/16

32 nom.

( 1394

216

110

300

met

8371

(37)

20 nota:

DYNAMITE AND CODED LETTERS

FOUND ON RUSSIAN ARRESTED IN HARBIN

THROUGH REUTER'S AGENCY.]"

HARBIN, April 1. Over 130 sticks of dynamite and A number of ouded letters were found" when the police srested a Russian named Bazsicoff sad oxamined the contents of his hand- bag, as he was leaving the railway station on his arrival here from Pogravitchnaga. One of the letters when decoded revealed, the fact that several similar consignments had previously been delivered to Harbaz Bhannot told the police that an acquaintance gave him $200 to deliver the handbag, which he was under the impressión con- tained soap.

HUMBUGGED BY

HIS WIFE.

WOMAN AND A SCHOOLMASTER.

DIVORCE PETITION

FAILS.

Lord Merrivale, in the Divorce: Court gave judgmont on a petition by Mr. Harold de Vahl Rubin, a pearl dealer, formerly of Whitting- ton Old Hall, Lichtold; and now. of Great Stanhope-street, W. who at the 1929 election was defeated ni Wednesbury, Staffordshire.

Mr. Rubin alleged that his wife Marcelle Yvonne Rubin, nós Raphael, of Chantry House, Eccles ton-street, B. W., had committed adultery with a young schoolmas tor; Mr. Thomas Leslie Twidell "of Bishopewood-road, Highgate, NM

The parties were married at the Hampstead Synagogue, N 1925, and there was one chil Ford Merrivale aid i strange cas, and the proj could not be understood their personalities were con These were very distinét and tiñable.

The marriage took place when Mr. Rubin was 96 and his wife 19. In the summer of 1930, the wife; appeared to be balancing in ha own mind whether she would ind better advantage or better satisfac tion in the dissolution of her exist ing matrimonial ties and the estab lishment of a new marital relations ahip, or whether she should proced Both parties had admitted that as well as the could to do her duty from November 1880 they were an respect to the ties by which he customed to kiss each other was bound.

The conclusión at which I have

A Ladies' Man #! arrived," said Lord Merrivale, Fis Late in that summer she met Hri that the attraction of Mr. Twidell Twidell at Highgate. He had been to Mrs. Rubin was not sexual, but described as a "ladies man," and what I may call a business attrac he was a student and something tion: There was a possibility that of a dilettante in letters and paste- he might play a part in furthering mes

a half-formed wish she had that Lord Merrivale observed that r she and her husband should make Rubin mnde unsuccessful attempta new departare in the marital at reconciliation upon terms which life and each of them start afresh involved his wife agreeing to Mr. Twidel dallled with her. love, honour and obey him, but He had the franiknees to admit in it was not in her soheme of thing the witness box that he saw now She took a different view of the how wrong his conduct had been;

marriage tin, and they separated

"but he was not the notor in the maté Dealing with how My Twid ter, he was brought in came into the story, Lord Marrivier I conclude that Mrs. Rubin did said the attachment began by 26-838-not commit adultery-and-never being approached by Mrr 1

B intended do io. If the led her Bhe told him that

husband to suppose she did, she loved her husband, but humbugged him for the main pur the same she said she pone who had in view." de mers in love with him (MT

The petition was dianimad (Continued on 'revious Oplus

1/2 11/18

Silver (forward),

#17 11/18-