1937-04-22 — Page 11

Loose Hairs

"Harlene"

Hair-Drill

SPELLS

HEALTHY HAIR

HONG KONG DAILY PRESS, THURSDAY, APRIL 22, 1937.

Mr. Chamberlain's Last Speech

(Continued from Page 6)" On Brush or Comb SPELL

DANGER

ANEAD

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"SOUND AND DEVOID

OF FIREWORKS"

Mr. Chamberlain's Swan Song

pound. He could not resist, he As Chancellor Of Exchequer Clut

London, April 20.

Mr. Neville Chamberlain's swän- song as Chancellor of the Ex- chequer is generally acclaimed in city circles as sound and devoid of

observed amidst laughter, such an overwhelming authority. That in- crease would reduce his prospec- tive defelt to £1,748,000 and re- minding the House of the balance which the Government had al- ready indicated, it was desired to see it preserved between borrow-fireworks. The increase in income ing, and raising by taxation, the large additional sums required in the years ahead for defence ex- penditure, and therefore of a longer view than usual which he, as Chancellor, had had to take in this hudget to obviate changes in Taxation.

repeated

CAPABLE OF GROWTH Mr. Chamberlain described his search for the device as capable of growth but which would not various on the unfairly beas classes upon whom the burden of this and other increases last year and this had fallen, and said it hud seemned not unreasonable to

tax is fully discounted. Attention focussed on the resuscitation of excess profits and tax under the name of growth profits tax

While it is too early to realise the full implications of it. the in- cidence of new taxation, though generally unexpected, failed to de- press industrial shares which in street dealings continued in an up- ward trend. The measure, on the whole, is considered equitable, and It is pointed not that since the estimated yield of this tax is £25,- 000.000 for the whole year. It is preferable to a steeper rise in in- come tax.

It is opined that the growth in profits tax may induce holders of shares in British holding com-

Mr. Chamberlain, estimating high- er yields in taxation, implies his intention not, to impede the in- flationary trend caused by a cheap money policy. At the same time, the growth of the profits tax pro- vides government with a machinery whereby the companies may be in- duced to divert a larger share of their revenue towards labour, thus diminishing the danger of labour disturbances.

It remains to be seen whether the companies, in order to avoid the tax burden, will decide to re-. gister abroad. Oll shares after the pre-Budget quietude, sharply re- covered as tears for the new taxa-.. tion failed to materialise. Most: commodity markets are too busy to take notice of the Budget an- nouncement which coincided with the revival of the American gold- scare, and its subsequent speedy dental which it is hoped has fin- ally laid this bogey. Base metals were among the first to respond with higher prices, and tea circles cheered by the absence of fresh taxation-Reuter

him that the growth in business profits should be made the occa- tion of some special and tempanies, controlling non-British sub-

ага The budget for the subsidiaries. porary contribution towards the sidiaries. to swap the parent shares cost of national defence.

clarides the monetary policy, as

DEFENCE CONTRIBUTION National defence contribution would be payable in respect of the growth of profits by all persons engaged in industry, trade or busi- ness of any kind, but not profes- sions whose profits in any year exceeded £2,000. The growth of profits would be measured by one of two alternative standards, the choice being with the tax payer. One basis would be the actual profits of certain specified rears, the other would be a percentage on the capital employed in busi- years

proat standard would be 1933.1934, and 1935 while for capital standard six per cent. would be the basis in the case of companies, and "eight per cent for individuals and firms, and the rate of contribution would be graduated in three stages. The Chancellor also announced the abolition. from January next," of the Male Servants' Licence Duty.

ness.

his

The

for

BRIGHT FUTURE

In the concluding passages of statement Mr. Chamberlain addressed himself to the question of the country's ability to carry the vast burden which the pres- sure of rearmament imposed, and noting the favourable circums- tance, It came at a time of economic expansion and recovery. and be expressed confidence in the continued expansion of re- venue, corresponding with the orderly and regular advance of general prosperity. A great world disturbance might disappoint that expectation, but His Majesty's government would continue to use their power and influence to avoid

a

GERMANS IN S.W. AFRICA

Windhoek, April 20 Claiming the rights of a nation- al minority for the Germans in Southwest Africa. Dr. Hirsekorn re- piled in the Diet to-day to the proclamation of the South African Union Government enacting that from July 1 only British sublects may be members of the "Deutsche Bund." united national South west party and the Economic League of South West Africa

This amounts to a proscription of the "Deutscher Bund," as most of its leading members are Ger- mans who have not yet been na- turalised. so that the Bund will either have to be re-organised or disbanded. Dr. Hirsekorn told the Diet that the whole trouble had Brisen from the fact that it had been persistently refused to grant equal rights and mandate citizen- ship to the German Born settlers. Even their language rights had not been granted. He drew a parallel between the struggle of the African people in the past and the pre- sent struggle of the Germans. He concluded his appeal with the de- mand to introduce German as the third official language in South- west, and expressed his hope that despite all difficulties another at- tempt would be made at a general co-operation... Tranacean News Service.

HITLER ARRIVES IN

MUNICH

Imposing Parade Held

Munich, April 20. Chancellor Hitler arrived here on the afternoon of his birthday quite by plane unexpectedly. He came from Berlin and was greeted upon landirig at Oberwiesenfeld Rudolf Hess, his Deputy, who con- veyed to the Fuehrer the birthday greeting of the National Socialist

by

such a disaster. He claimed that his proposals were

de- well signed to exercise ateadying effect in the present phase of re- covery. He had avoided on the one hand a large increase in taxa-

would tion, which

have been necessitated by attempting to de- fray without borrowing the full cost of rearmament, and which would have checked and perhaps even reverted the economic revival, and on the other hand he had increas- ed taxation with a careful choice of methods, and to such extent as Party. his judgement would discourage The whole city. development of unhealthy and bears the name "Capital of the feverish speculation, without im- Movement," was soon informed of perfling or even seriously retard- the Fuehrer's arrival. The famous ing the present upward trend of Koenigsplatz became the scene of National welfare,

an imposing parade after the poli tical Heutenants had taken the oath of allegiance to the Fuehrer.- Transocean News Service.

British Wireless

MONTREUX PARLEY

DECISIONS

*

which

proudly

VIENNA DEMONSTRATIONS

Vienna, April 20 Several minor demonstrations by National Socialists occurred here to-day on the occasion of Hitler's Montreux, April 20. This morning saw the newly birthday. Small groups of people formed sub-committee of the Ca- appeared in the streets, uttering pitulations Conference end Its la- "Heil!" The police took the names bours of clarifying the question of of some, 40 to 50 demonstratosa, but until now no arrests have been the present status, in article 23. A made. The swastika suddenly ap- Į formula has now been found clark-peared flying from chimney stacks fying the whole question of per- and the tre brigade had great dif- sonal status, at the same time giv-ficulty in getting it down again. ing a certain measure of elasticity Tiny paper swastikas were scatter- to its interpretation;

ed in the busy streets.- An understanding

a180 was

Transocean News Service. reached with regard to the juris- diction of the Consular Courts, whose powers, according to the Egyptian draft, were to be trans- ferred to the Mixed Courts, while Sweden and other countries are in favour of their retention. It is how decided that the Consular

are to be dealt with by the Con- ! sular or Mixed Courts.

It is thought that this is just to apply to the countries in pos session of Consular Courts, bur pot

Courts will be retained, and that sumciently participating in the

the powers may in each individual Mixed Courts

case decide whether their nationals. Transocean News Service."

JOINT FOREIGN POLICY

Helsingfors, April 20. The Foreign Ministers of Sweden, Norway and Denmark arrived here to-day to begin consultations as to the possibility of pursuing a joint foreign policy in the orbit of European politics.- Transcean News Service.

DANISH ARMY BILL

Copenhagen, Apr. 30. To-day the Folketing, the Danish Parliament, have its final sanc- tion to a bill providing for a re- organisation of the Army and the National defences. The bill envis ages an extra annual expenditure of 45 million Kronen.- Transocean News Service,

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