1935-06-27 — Page 9

VEERING AGAINST THE PRESIDENT

Faint Hope Of Success. In Tax Proposals

Washington, June 26.

The Aght through Congress of the new tax proposals before Sun- 'day's deadline as applying to the nuisance taxes appeared to be veering against President Roose- veit as the result of growing op- position of some of the leaders in the House of Representatives.

The Senate. "leaders held out only faint hope of a successful outcome in the efforts congressional taxes before the deadline. but decided to adhere to plans even

to gain approval Of the

it should result in *temporary lapse of nuisance taxes and con- sequent loss of $1,355,000 in daily

revenue.—

"Reuter.

Note: The tentative tax rates on new inheritance taxes, under $300,000 would be nll. On hertan- ces of $300/500,000 It would be, four per cent, and thereafter a gra- duated scale rising from scven per cent, on $600/750.000. ten per cent on $750/1.000.000. 40 per eent. on $475,000,000 and 75 Fer eent. on $7,000.000 and over. Gift tax rates would be three-fourths of the foregoing.

of

HOUSE THREATS

Washington, June 25. Resentment in the House Representatives, threats of open revolt in the Senate and a hint of #libustering tactics to come, have brought the Administration leaders to pause in their plans for rushing through President Roosevelt's "soak-the-rich" tax programme.

President Roosevelt was going to attempt to push this 'legislation through Congress before Saturday night's session was concluded.

BRITISH OPEN

GOLF TITLE

Championship Play Begins

The

London, June 26. Muirfield is white with mist and the turf heavy with dew, but golang conditions are good. championship proper which there are now 109 competitors, of whom the leading 59 and those tleing for sixtieth place, will play in the final over thirty six holes, but the scores of the Arst thirty six will also count in the cham- plonship.

Henry Cotton 33 and 35--70. two

course

The leaders at 2 pm, were

strokes better than the record, Kenyon of West Lancashire 70, Lacey (Berkshire) and Branch (Henbury) 71, -Alliss, Bertgadd and Green, 12.

McRuvle. Scottish Amateur went round in 70 which was an amateur

record. equalling Cotton's feat,

while Padgham, also had a score of 70. Mahon 71, McLean "77. Brews 19. Macdonald Smith, 69, and Lawson Litre 75.

HONG KONG DAILY PRESS, THURSDAY, JUNE 27, 1935.

EXPORT DUTIES

IN CHINA

The Revised List

Nanking. June 26. Que hundred and thirty eight items are included in the revised list of export duties promulgated yesterday.

SUBMARINE WARFARE

TO BE AVOIDED

Undertaking By Germany

London, June 25, Germany has undertaken never again to resort to unrestricted sub- This important marine warfare.

persistent refusal to, on being duly summoned or of active resistance to visit or search & warship whe- ther surface vessel or submarine,"

of navigation a" merchant vessel first placed the withou: having passengers and crew and ships papers in a place of safety.

Fearful that hasty action might

Eighty eight items are added to result in the defeat of the measure the free list including 'sed products. fact was made known in the House i may not sink or render incapable

dye wood, cotton goods, tobacco, soap, alcohol, matches, candies,

in the Finance Committee, leaders Bre considering the advisability

of abandoning their intention of adding new taxes to the Emergency Tax Bill. Instead, they may at- tempt the passage of a separate bill

later.

In spite of hints that President

Roosevelt might veto the Holding Company Bull unless it contained the "abolition clause," the House Rules Committee has declined to i

permit a roll call vote on this clause.

"Meanwhile, complete agreement has been reached by the conferees of both Houses on the Wagner Industrial Dispute Bill, which now returns to both Houses for approval of the Conference report.

THREE WAY TAX Senator. Harrison, Chairman of the Senate Finance Committee, states that the new-three-way tax programme will raise $340,000,000 through inheritance and gift. levies, higher taxes on big incomes, and the graduated corporation tax. This would be added to the pending Bill extending half a billion dollars In emergency taxes.

Senator Harrison said the new inheritance tax would begin on net inheritances of about $300,000 un- der the tentative plan mapped out by experts, while the tax on in- comes of over a million dollars, at present 59 per cent, would be raised on a graduated scale running from 60 per cent. to about 80 per cent. for incomes above ten millions.

The corporation tax would run from 10 per cent, on the minimum limits to 17.5 per cent, on net bro- its exceeding $20,000.000,-- Reuter,

ANGLO - GERMAN AGREEMENT

French Attitude

Paris, June 25. France's attitude towards the Anglo-German Naval Agreement has been formally defined in a re- solution unanimously passed by the Naval Committee of the Cham- ber of Deputies, which states that in view of the fact that the Agree ment annuls clauses of the Ver- sailles

the Washington Treaty was only ac- cepted because of the clauses of the former Treaty, the Committee considers the Agreement to have the necessary consequence of re-

Treaty

and that

of Commons to-day by the first Lord of the Admiralty, St. Balton confectionery, sugar and fruits.

Eyres Monsell, when replying to a The duty on fifty items have question asked by Vice Admiral been reduced including poultry, Campbell as to whether, during the eggs, egg products, preserved meat, recent Naval discussions, the Ger- horns and bones, bristles, mushman representatives had revealed

rooms and other edibles,

One hundred and thirty two Items are not affected. It is es- timated that the Government will be losing three million dollars in revenue as the result of revisions not yet effective but it is under- stood that they are taking effect simultaneously with the abolition of interport duties and enforce ment of measures for making up the loss in revenue. The latter is expected to be promulgated short- ly Reuter.

"

fi

SILVER MARKET

(From Our Own Correspondent)

London, June 26. London silver prices were down 1/16 as follow:--

Spot Forward June 25.31-1/18 31-5/16 June 26

.31

31-1/4 London on New York cross- rate at 2 p.m. to-day was 4.9387 compared with 4.9462 at closing yesterday.

NORTH CHINA INTERESTS Cominons Questions

For this purpose the ships boats are tot regarded as a place of safety unless the safety of the the policy of the German Goveni-passengers and crew la assured in men: as regards the use of sub-exlating sea and weather condi marines in war. The First Lord tions by the proximity of land or said "during the discussion on the the presence of another vessel many points of detall concerning | which is in'a position to take them the existing Naval Treaties, the on board. High contracting parties German representatives stated invite all other powers to express that Germany is prepared to ad- their assent to the above rules. here to the rules regarding sub- marine warfare as set out in part four of the London Naval Treaty and to accept them for herself irrespective of whether they are adhered to by all other powers."

The First Lord read the rules re" ferred to and added that "this means that Germany" has agreed never again to resort to what was known during the war as restricted submarine warfare."

Part four of London Naval Treaty reads as follows: The fol- lowing are "accepted as the es- tablished rules of international law. Firstly, in their action with regard to merchant ships, sub- märines must cenforth to the rules of international law to which sur- face vessels are subject: Secondly, in particular, except in the case of

NEW ERA IN

WIRELESS

Use Of Decimetre Waves

(Special_lo "Bonz Kona

Tale.

Daily Press"); Telegraph. Copyright, raukia

Mariager Ordinance. 189% Received, June 26. 4 90 p.m.)

Berlin, June 26.

and

Replying to further questions the First Lord said that part four of the London Treaty was signed by Great Britain, the United States, Japan, France and Italy but the only powers juridically bound by it were Great Britain, the United States and Japan because France and Italy did not ratify. It was true that Germany, as well as Bri- tain, favoured the abolition of sub" marines but unfortunately at pre sent the other counties were not agreed upon it.

The Erime Miniser stated that It was proposed to invite represen- tatives of the French, Italian and Soviet Governments to visit Lon- don for discussions on naval arma- ments but he could at the moment give no further information.- British Wireless.

LORD LUKE

Explains Britain's Stand

Paris, June 25. Profound disagreement in the question of immediate currency stabilisation was manifested in to. day's sitting of the International Chambers of Commerce, particu! larly between the British official delegation and business leaders from other countries, including those of the Gold Bloc.

The Gold Bloc representatives pressed the demand that Britain ahould agree to a resolution calling for a conference of Governmenta for the purpose of introducing im mediate stabilisation.

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SEVERE RAIN STORM

Breaks Over London

London, June 25.

Queen's Building.

RATTENBURY CASE

Stoner To Serve For Life

Severe thunderstorms broke över London and much of Southern

London, June 28. England this afternoon. One man The Court of Appeal having re- was killed several houses struck fected the appeal of George Stoner, and other damage was done by

convicted on a charge of murder- heavy ball and rain. The teming his wealthy employer, Mr. perature which had reached Francis Rattenbury, the Home eighty-five degrees highest point Secretary to-day announces that this year, fell ten degrees in a few

the 18-year-old chanteur's death minutes.

sentence has been commuted to

afternoon

Airmen approaching London during the fourteen storms breaking over the metropolitan area.

life imprisonment, reported Stoner, a cocaine addict, was the alleged lover of Mrs. Rattenbury whose evidence convicted him on: the charge of murder.

The weather seriously interfered with the tennis championships at Wimbledon and many other sport- ing events The Open golf cham- pionship was, continued to-day in rain and mist.

Two qualifying rounds were cont-" pleted by the open champion Henry Cotton and R. Burton in 171, and by Macdonald Smith, a Scot- tish born American, in 172. British Wireless.

ITALO-ABYSSINIAN COMMISSION

Special to the "Hong Kong Darty Press” (Coperight).1

Mrs. Rattenbury has since taken: her own life by drowning.

Mr. Rattenbury was beaten to death with a croquet maliet, Reuter

CITY OF LONDON BY-ELECTION

London, June 26. Sir Alan Garrett Anderson, Con- servative, has been returned un opposed in the City of London by- election caused by the elevation" of Mr. E. C. Grenfell to the peerage- Beuter.

London, June 26. Asked in the House of Commons to-day by Sir W. E. Sugden (Con; W. Leyton) what measures were being taken

British to protect business interests in North Chine and what steps. It was proposed to protect

treaty rights and the "Open Door" policy "already ren- A new era in wireless, whose dered inoperative in Manchuria," possibilities are so great that com- Sir Samuel Hoare replied that petent experts besitate at this such had not been affected by re- age to predict any limits, are re- cent events. The situation at the vealed by successful researches moment did not appear to demand pursued unremittingly during the special British Government action last eighteen months by two Ger- and the course of their policy in man engineers. Scharlan: the Far East was directed towards Runge, belonging to the renowned But Lord Luke, in a statement the object mentioned in the ques Telefunker Company, What they on British monetary policy, sald tion

have accomplished

demon- the question of stabilisation went Replying to Mr. C. Nuna (Constrated at. the Telefunken Ex-hand in hand with a discussion of tion Committee which began its

The Italo-Abyssinian Concilia-partial member in order to bring, Whitehaven), the Foreign Secre- perimental

about a decision- Wireless Station at the removal of excessive trade bar- tary said that he was unaware of Grossgle, then on the outskirts of riers. That was Britain's stand, rations on Tuesday in the fash

sessions in Milan, resumed deliberansocean Hun Mr. storing France's complete liberty in any 'isturbance in the administra: Berlin, and afterwards on board he said, though he reaffirmed the ionable seaside resort, Schoven tion of the Kallan Mines during a steamer cruising on the Muegel-beller that there was much in the ingan. The opinion held in poll- the recent Japanese troop move-see, a take rear Berlin, when the The Naval Committee invites the

ments in North China.

researchers themselves explained

tical circles here is that the Government to take all necessary

There has been no threat to the the significance of their work to

able time, negotiations will last a consider measures to ensure that France principle of the "Open Door" in technical pressINEN, will always have in the Mediter-North China, said Sir Samuel

Briefly they expressed Hoare and therefore the question achievement which consists of the ranean and the Atlantic Ocean Buiclent naval forces to assure her of an assurance from the Japan-practical utilisation of the so-call- ese Goreyament that it be pre-

not arisen- served as asked by Mr. Nunn has

Reuter.

naval matters until the conclusion of new agrzementa.

security.

|

M. Pietri, the Minister of Navy, in a candid speech preceding the adoption of the resolution, in-" Kirkwood of America tore up his dicated that he did not think it card at the thirteenth hole after would be necessary at present to taking 43 to reach the turn--begin building battleships, but that

Heuter.

WIMBLEDON TENNIS

Gene Mako Beats Yamagishi

London, June 26.

In the second round of the Wimbledon tennis championships, Gene Mako (America) beat Ya- magishi (Japan) 2-6, 2-6, 6-2, 6-1, 0-2.

It would be best to await informa- tion that Germany was building up to the limit of naval construction before France follows suit- Renter.

on

NEW MEASURES

Paris, June 25.

CITY OF VICTORIA ABANDONED

Fruitless. Efforts By Salvage Vessel

Hakodate, June 28.

was

#

the

recognition of the fundamental principle that international cur- reacles must be settled by the sale of goods and service, instead of by the transfer of gold and sliver- Reuter

FAMOUS SPORTSMAN PASSES AWAY

ec "Decimetre Waves" whose exist- arice

was first observed thirty years ago by the German wire- less ploneer Hertz, but whose 'prác- tical exploitation it was previously not possible to attempt chieny owing to the lack of suitable in-

London, Jun 26. struments and apparatus, Some

The death has occurred of Bir idea of what might follow, now Claude Champion de Crespigny, that the decimetre waves have the mate

the famous sportsman- been made available to technology Rester.

is evident if the well-known facts. about other waves: ure "recalled.

The Captain and forty Chinese For instance ordinary telegraphy members of the crew of the City depends upon the

FINANCIAL EXPERT'S -

utilisation" of | spread spherically in all directions of Victoria which ran aground ar-waves of very great lengths, some and hence requiries Immense rived here aboard the salvage times measuring many kilometres; quantities of energy for their ship Adsuma Mara which fruit-broadcasting depends upon these transmission and moreover over- Speaking before the Parliamen-lessly endeavoured for Ave days to of medium length down to about lap, interfere and distore one an- tary Naval Committee on Tuesday refloat the City of Victoria.

the Anglo-German

three hundred kilometres, and re- other eventually, the decimetre Naval

The vessel, has now been abananed wireless, whereby a lot of waves only need infinitişimal Agreement, the War Minister doned as a total wreck. The Euro atmospheric disturbances are ell-energy for lineal transmission, Petri defned the attitude of the

pean members of the crew totalling minated, depends upon the short both transmitter and receiver French Government, declaring twenty are leaving for Canada by waves down to ten metres; televi valves-which are both based on. that by this new step the prov- the City of Vancouver sions of the Treaty of Versailles feuter.

slan depends upon the ultra-short the principle of Babann valve, were annulled, hence the Washing-

waves between ten and one me another German invention -being. tres, while the latest waves, whose only one and a half inches long, ton Naval Agreement which France had signed on the suppoɛl-

practical application has hardly and are not affected by the wea- yet begun, have lengths between ther. One practical advantage of tion that the Versailles Treaty

one metre and ten centimetres, this is that by the use of deci- would retain its validity, was no

which is the length of a man's metre waves communication can longer binding on France. That is

finger.

he established and maintained be- to say through the signature of the Anglo-German Naval Agree-" Yamagishi reserved his energy

tween two points without any for the fourth set but he was unment France had recovered un-

possibility of an outsider inter able to cope with the American's restricted liberty respecting naval service with which, he frequently armaments until some new agree won aces. The Japanese rashly ment was made. attempted to storm the net and The French Government, con- thought that special instructions but they occasionally accomplished "a bril- | cluded Petri have had to take aiming at eiciency in the North which like light lant, smash but the Americar's new measures to assure safety in | China Customs service in the event into pencila cr long reach retrieved almost every- the Mediterranean and the At- of disturbances there as surrested direc thing-

The Japanese seemed a certain wirner with more confiderice in hia strokes and harder driving during two and a half sets, after which Gene Mako regained connd ence and touch.";

Bouter

lantic Ocean.

MISSION

LITTLE ENERGY

London June 26. Whip Southby replying for Sir Samuel Hoare said that Bir Frederick Lelth Rose mission will The decimetre waves can only cepting. All that is reccessary is be to enquire into all reve ant be used over distances comparable that the questione affecting the Chinese with the range of human eyesight use, financial situation He bad, not say to a distance of tty miles,

ng Router:

undir

aves used:

peculiarity

Both:

and

The Hague, June 25.

Should no agreement be arrived at before July 25, the provisions in the committee's constitution re- quire the co-opting of a fifth im

EXAMINING DOCUMENTS'

The Hague, Jane 25. Members of the Italo-Abyssinian Commission for the examination of the Abyssinia frontier dispute met to-day and issued a formal state- ment, announcing that they werel examining documents supplied by both parties to the quarrel. Reuter,

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