1932-04-20 — Page 9

HONG KONG DAILY PRESS WE

JAPANESE TACTICS MRS

BRITISH BUDGET STATEMENT*

ESTIMATED

SURPLUS OF

£796,000.

NO REDUCTION IN INCOME TAX: BEER TAX UNCHANGED

INCREASED DUTY ON FOREIGN AND EMPIRE TEAS

IMPORT DUTIES ANTICIPATED TO

YIELD £32,000,000

„(THROUGH RRUTER'S AGENOT.}}

LONDON, April 19:

In the House of Commons, the Chanceller of the Exchequer, Mr. Neville Chamberlain, rose at 3:30p.m. He said that' Lord Snowdon, last September, had produced the necessary, economy and had revised the financial scheme which was dalvernally acclaimed at home and abroad as a model of severe, sound and salutary inance.

The September Budget had produced: £9,000,000 more than 'Lord Lord 'Snowden had expected.

Depreciation in capitali values: 19 well as the longevity ̈ol mik lionaires "had caused a deficiency of £18,000,000 in "death duties. but the Budget had been saved by the income super-tax payers..

The Boer Tax hid produced £1,250,000 less than anticipated, o and whisky £1,000,000 (ess.

3

A YEAR OF ANXIETY

The past year had been, one" of“anxiety, difficulty and hard ship. It was only in the last few months that some revival in trade and employment had led to the hope that the worst was" past,

NO PROVISION FOR WAR DEBTS, AND REPARATIONS

Mr." Chamberlalu declared the Budget did not contain pro- vision for receipts of reparations, later-Allied debts of debt pay. ments to America, which are in suspense.

to

Future War Debts and reparations were dependant on the results of the Lausanne Conference. The best course was refrain from all conjectures and: to: treat both sides of the account. as in suspense, that did not imply any fresh decision in policy. Government had decided, temporarily, to, omit any estimate of receipts on account of Dominion War Debts, which were suspendi od last July. Fresh proposals will be submitted to Parliament when, the outcome of the Lausanne Conference is known."

£19,000,000. MORE THAN EXPECTED

1.

Income Tax ylolded £287,000,000 and Super Tax £75,000,000, respectively; £15,000,000 and £4,000,000 more than expected.

Mr. Chamberlain anticipated a recovery in Stamp and Death, Duties during the year, but direct taxation would yield £32,500,000 less owing to dopression,

IMPORT DUTIES.

,

THE CHANCELLOR ANTICIPATED THAT THE 10 PER CENT. "IMPORT DUTTES WOULD YIELD £27,000,000: IN 1932-3: HE HOPED TO ISSUE AN ORDER BEFORE" THE END OF THE WEEK UNDER THE IMPORTS DUTIES ACT IMPOSING FRESH DUTIES DETAILS WILL BE ISSUED MEANWHILE.

DEFICIT OF £1,700,000

BUT NO

REVENUE

MR. CHAMBERLAIN ESTIMATED- THE FROM EXISTING TAXATION AT £764,300,000, AND EX- PENDITURE AT £766,000,000. AN ESTIMATED DEFICIT OF £1,700,000.

EXCHANGE EQUALISATION ACCOUNT

Mr. Chamberlain announced the creation of an Exchange: Equalisation Account for which reason he would ask for powers: to borrow not exceeding £130,000,000, owing to the exchange position, caused by the laflux and large accumulations of capital in recent weeks. This did not represent a genuine permanent Im provement in the balance of trade and was apt to give rise to dangerous developments. The object of the Exchange Equalisation Account was to enable Britain, to function effectively as the main International centre, requiring us to hold adequate reserves of gold and foreign exchange in order to meet sudden withdrawals.

دیرا

INCOME AND BEER TAXES UNCHANGED

THERE IS NO REDUCTION IN THE INCOME TAX, BUT MR. CHAMBERLAIN URGED EMPLOYERS TO HELP EMPLOYEES TO PAY THE TAX BY INSTALMENTS.

THE BEER TAX IS” UNCHANGED,”

THERE IS AN INCREASED PREFERENCE OF T PER CWT. ON ALL COLONIAL SUGARS. DUTIES ON FOREIGN AND DOMINION SUGARS ARE UNCHANGED,

ARS THERE IS ALSO A NEW DUTY ON FOREIGN TEAS OF Ad. PER LB, AND ON EMPIRE TEAS OF 20 PER LB.

IMPERIAL SUGAR PREFERENCE

Excise duty on existing tea stocks of 2d, per 1b., exemption on holdings not exceeding 1,000 pounds.

The increased Imperial Sugar Preference would Just for Ave years, there is also a special supplementary preference, equal to a further, shilling per cert, which will be allocated by the Colonial Once among the sugar producing Colonies in proportion to their exports. The sugar changes are operative from tomorrow.

(Continued on Page

BUDGET DAY EXCITEMENT

CONSERVATIVE M.P. SITS. UP ALL NIGHT

(THROUGH - REUTER'S AGENCY.}

LONDON, April, 19. Budget day excitement. Began in the House of Commone at na dagly 1 hour

When the doors of the Commons. were opened at 3 am. thirty mem bers were waiting to Beoure seater; including four women. One Con servative M.P. had waited since. midnight. All places in the public galleries were snapped up weeke ago,

#:

MR. MACDONALD'S EYE TROUBLE

RECENT IMPROVEMENT

NOT MAINTAINED

ĮTAROOCH REUMR'S AGENCY.]i

LONDON, April 16.

Mr. Ramsay MacDonald's right "eye" is again troubling him, but "he will be allowed to go to Geneva on medient conditions,

A bulletin signed by Sir Thomas Horder and Dr. Duke Elder says. The recently reported, improvement. has not been maintained, this is largely due to strain in the past five- weeks having made its impossible to exercise the necessary care to condition the eye, such as Mr. Mac- Donald was normally advised to completely rest for several weeks.

The doctors, however, will allow him to proceed to Geneva, on con- dition that he is subjected to the smallest strain possible, and that. three consecutive hour chily are

ANARCHY REIGNS ON C.E. R.

CAUSE

IRREGULARS AND OUTLAWS

M.$200,000,000 DAMAGE

JAPANESE TAKE REFUGE IN SOVIET

TERRITORY

THROUGH ASTER'S AGENCY.]

לי

Foxo, April 19.

· A MESSAGE FROM CHANGCHUN TO THE RENGO NEWS AGENCY STATES THAT COMPLETE ANAKOHY REIGNS IN THE IMIENTO - POGRANICHNAYA SECTOR OF THE CHINESE EASTERN RAILWAY.

DAMAGE WROUGHT BY CHINESE IRREGULARS AND OTHER OUTLAWS IS ESTIMATED BY, JAPANESE SOURCES. AT M.8200,000,000, REQUIRING FOUR YEARS TO RESTORE: THE PRINCIPAL SUFFERERS ARE CHINESE, WITH KOREANS TO A LESS DEGREE AND JAPANESE THI LEAST.

JAPANESE RESIDENTS AT SUIFENHO, ACROSS THE BORDER FROM "POGRANIOHNAYA," ARE TAKING RE FUGE IN RUSSIAN TERRITORY

FOR WHICH THE JAPANESE CONSUL HAS RECEIVED THE SOVIET'S PERMISSION.

SEMILARLY, JAPANESE RESIDENTS AT TAHEIHO HAVE BEEN COMPELLED TO "SEEK REFUGE. ·AVI BLAGOVESCHENSE, CROSSING THE AMUR RIVER TO SOVIET TERRITORY, ACCORDING TO A HARBIN MES SAGE TO RENGO

CER. EMPOYEES DECIDE TO STRIKE

Toxro, April 18.

A HARBIN MESSAGE TO THE RENGO NEWS AGENCY STATES: INDIGNANT AT THE ARREST OF FORTY EM- POLYEES IN CONNECTION WITH THE DYNAMITTING: OF THE JAPANESE TROOP TRAIN ON APRIL 12. A.

EASTERN EMPLOYEES OF THE CHINESE

RAILWAY

HAVE DECIDED ON A GENERAL STRIKE COMMENC ING TO-MORROW, THUS SUSPENDING THE SERVICE ON THE WHOLE LINE, AND PREVENTING, INTER ALIA, THE TRANSPORTATION OF GENERAŁTAMON'S "DIVI SION. WHICH IS DUE TO LEAVE HARBIN FOR THE SOUTH TO-MORROW MORNING.

given up to complete relaxation. JAPAN EXTENDING ZONE OF CONFLICT?

He will consequently fly to Genera

at 3 pm. to-morrow in a closed

machine, Sir Thomas Horder and.

Dr. Duke Elder are also going..

LNODON, April 10

It explained that whereas the Japanese-Soviet relations were' condition of Mr. MacDonald's left featured in this morning's news- gye, which was operated on, Kaspapers with the largest haudlinés, improved, the undue strain thrown on his right eye has caused deterioration thereof... misunderstood,

DISARMAMENT

CONFERENCE

VIEWS OF DELEGATIONS GRADUALLY "COINCIDING

(Renter's Special Service.) :

GENEVA, April 181 When the General Committee of the Disarmament Conference re sumed, Herr Nadolny, the German Delegate, declared it was essential to give effect to substantial reduc

tions within the framework of Article Eight of the Convention. He added it was impossible for Germany to accept the proposal of M. Litvinoff, the Soviet delegates, though he agreed to his principle of proportional reduction.

The views of the various delega tions are gradually epinciding.

oreshadowing an impendang dash as the result of the Soviet massing of troops on the frontier and mutual Auspicions, but it is generally opined that neither Japan nor the Soviet desires hostilities, so it is hoped the danger point will not be reached.

Riga reporta that the Pruna and the izvestia are publishing articles on the war danger, alleging Japan antends extending the zone of con- iet beyond the Mazichurian from- ber. Soviet politicians have taken up the war theme, alleging that the Japanese, Government has peiled the Prese to pantain silence regarding the Soviet retutations of Japanese charges of terrorism.

com-

The situation is daily becoming: declares the News Chronicle, and more delicate and more dangerous," i events are taking a course which might drag Russia reinstantly into the picture."

· LEAGUE COMMISSION

LEAVES PEIPING FOR MANCHURIA

" NANKING, April 18, tion of limitation to be achieved by

A draft providing for the reduc A message from Peiping states that the League Commission will stages with ravision at the short-leave for Manchuria to-night, Chi- est possible intervals, submitted nese members alighting at Chin by the Belgian, Spanish, Szecho, wangiso, from where they will go slovakian, Danish, Esthonian, Nor to Dairen aboard the warship Hai- wegian and Uruguayan delegations chi; while the other. mephors at met with general acceptance.

the Commission will go to Man- churia direct by train.

M. Litvinoff objected to the men tion of the League in the resolu- tion as the Siviet was not a member of the League and urged a sub stantial reduction...

BRITISH TRADE WITH MANCHURIA

ROUTES DECIDED BY DRAWING LOTS

PEIPING, April 19,

Sir John Simon suggested that something more definite be, insert- The Longue Commission left at ed in place of shortest possible 10 p.m. All will travel together as intervals, as the phrase might be far as Chinwangtao, after which Dr. Wellington Koo will go to Dairen in company with Lord Lytton while the Japanese aases or Herr Schnee and M. Claudel will travel by Japanese destroyers to Dairen. Mr. MoCay and Bigner Marescotti are travelling to Muk. dan by train dirent,'

All the Commissioners will meet at Mukden on April 31

The Ave Commissioners decided their routes to Manchuria by draw Fing ribu

NOT SERIOUSLY AFFECTED

(THROUGH. KEVYEX'S ROENCY.]

LONDON, April 10, British trade with Manchuria haa not been seriously affected by the Sino-Japanese conflict there, AC- cording to information received by

L

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JAPAN UNPERTURBED

Toxxo, April 19. Despite the rather disquieting reports of Russo-Japanese tension in North Manchuria, the Japanese Government is taking a calm vienv of the situation and apparently does not anticipate any serious develop- ment.

Owing to the presence in Man. thuria of numbers of persons of different nationalities, many of them of the adventurer type with moxes to grind, all kinds of wild. rumours are in circulation...

The Japanese Government con- tends that the majority of these. stories can be discounted as fabrian. tions,

SUSPICIONS UNFOUNDED

"A Japanese spokesman to-day: ggests that the Bovic's Bus picions of Japanese "intentions ap pear to be as unfounded as Japan- ese suspicions of the Soviet

The fact that General Tamon's Second Division is under orders to leave Harbin to-morrow, returning. to its peace-time station, Liaoyang is taken to indicate that there la little danger of a clash with the Soviet

NERVOUSNESS IN MOSCOW

RIGA, April 18. ' Growing nervousness in official. circles in Moscow in connection with what is described as the im- minent danger of war in the Far East, is plainly" evident,

The Soviet newspapers are be coming daily more outspoken re garding the developments in Man churia, and they warn Japan "that though it may be easy to find a pretext for war, it will be dis astrous for Japan if she mistakes the Soviet's desire for peace for inability to fight if the necessity arinen.

Offcial circles allege that the Japanese agents in Manchuria, are carry out terroristic neta and are employing the White Guards to then accusing Soviet officials of the Chinese Eastern Railway of the commission of these acte ab is alleged, in other words, that Japan: is trying to force a quarrel on the Soviet.

The newspaper Pravda says that the Soviet milions are ready to oppose any Japanese attempts to convert parts of Soviet territory into a buffer State.

COUNT UCHIDA DECIDES * TO CARRY ONS

DALE, April 19. Count Uchido, whom certain noli, his department, stated Mr. Colville, tical circles at Tokyo have been Secretary to the Oversons Trade trying to dislodge; he decided to Department, in reply to a question retain the Presidency of the South think well before drewing the

The journal advisee Japan 64-

in the House of Commons, but the Manchuria Railway temporinilySoviet into her. Manchurian adven position, was being carefully watchin view of the League Commissure

··ed;

sion's visit to Manchuria

(Continued an Edon 6)

AT SHANGHAI

WILL SHE AGAIN JUSTIFY TO ATTEND FUNERAL OF

HER ACTIONS?

PTEROUĢA, SKUTER'I AURNOY.")|

HER SON

OFFICIALLY RECEIVED BY CHINESE GOVERNMENT

(THROUGH REUTERʼ9-4

LODON, April 197: hollaveliesto Guarina leader commenting on the work of the Committee of Nineteen, points. out what Japan has pursued tha

SHANGHAI, April 19 same action at Shanghai es in Robert was killed in an air battle Mrs. Elizabeth Short, whose son Manchuria, and concludes: Thab. unless the Committee of Nineteered this afternoon aboard the Presi oyer Soochow last February, arriv proves mora determined than tho!

Edmond,

League Council and either: fixos: a k dent Talt accompanied by her son, time-limit for the Japaness with drawal or insists that neutral ching her from the Dollar Wharf at Long before the launch convey- dervers shall decide when the con- Pootung, arcyed at the Custom'e ditions are normal at Shanghai Jetty huge crowd of sightseers there is every reason to foar had assembled, and as Mra Short Japan's positivo polwy will again landed a number of movie cameras justify itself by results,

recorded the bene ASSEMBLY COMMITTEE

܀

The

DEBATE

Mrs. Short, who enjoy the dis tination of being the first woman to receive an officind welcome by: the Chinese Government, wan dressed in black from head to foot tions were Chinese Boy Scouts Among the welcomers delega Girl Guides and various other public organisations all carrying American flags Wish tears in her

yes, Mrs. Short walked slowly, to a waiting car which conveyed. here to the nearby Cathay Hotel

GENEVA, April 18 Assembly Committee of Nineteenthiscussed for two hours two draft resolutions, one of which was submitted by M. Hymans, the chairman, emphasising Point Three of the Shanghai Agreement, mme- y, that the Japanese troops under. take to withdraw as quickly as possible and adding that the Mix-

When interviewed by Reuter she ed Commission na Shanghat should said: "I am proud of my son." report to the Assembly when The late Robert Shore will he normal conditions are restored,“

buried on April 4 in the Hangjeo The second resolution was sub- Cemetery, on the outskirts of mitted by Dr. Benes for the pur-Shanghai, Four Chinese and foun pose of strengthening the terms of American aviators will not as pall" the Settlement reached at Shang bearers.

COMMISSION'S TASK »

Committee of Nineteen when the

Both resolutions were referred to restoration of normal conditions the Drafting Committee for the allow the withdrawal of the Japan- purpose of reconciling them, and "se troops and inform the Com it is apabuoced that the Drafting Imittee if the evacuation does not. Committee has reached an agree. take place. ment on the text of a single resolt. tion, with the exception of one point which will need further con- sideration.

น

This point concerns the instrue tions to the Shanghai Mixed Com- mission and is to the effect that the Commission shall report to the "Continued on hest column.)

The date for the next meeting of the Coramittee has not been fixed. ITALIAN SHIPS RECALLED

Roxa, April 18 Owing to the mproved situation in Shanghai, Signor Mussolini has ordered the cruiser Trento and the destroyer Espero to return home.

Bedtime

is always welcome now

Off to bed-willingly and happily with never a grumble that bedtime has come, too soon. Por they have delicious "Oraltine as their good night" bevorago-just as Mummy and Daddy

dio....

The sleep of happy, healthy Childhood comes quickly to them. And while they alcop the rich nourishment. "Ovaltina " so abundantly supplies rastores their tired little bodies and craatas new stores of energy to replace that which they have been so, prodigal in spending all day long.

Qvaltine supplies concentrated nourish ment in a correctly balanced and eneily! digested form.

No other, food supplies to the same high de gree the health giving and energy-creating food elemente extracted from Nature's boat foods

"Ovaltine" is not a mere mixture of powdered malt, milk powder, dried eggs and cocoa, but an original product prepared from home grown produce mait extract from, oreamy mur and now-lid eggs. It contains no indigestible starch and no added sugar to give it bulk and to cheapen the cost cheap and can be added in the home if required

OVALTINE

Ensures Sound Natural Sleep