1931-03-02 — Page 2

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****

THE

HONGKONG

PENINSULA HOTEL:

HONGKONG HOTEL: REPULSE BAY HOTEL: ̧·

PEAK HOTEL

and

SHANGHAI

ASTOR HOUSE: PALACE HOTEL:

HOTELS

LIMITED.

In association with the Grand Hotel; Dos Wagons Lita, Poking,

KOWLOON HOTEL

KOWLOON.

UNDER THE PERSONAL SUPERVISION

AND ATTENTION OF...

W. J. WHITE.

Phone No. 58008.

Cable KowLOTEL

Hongkong.

PALACE HOTEL

Tel Kowlana No. 3,

Tel. Address "Palace."

A Firat Clasa Residential, and Tourist Hote) with all the con realences of a liome. Under Entirely European Maḍagement. Loanga and Billard Saloon. Three minutes from Ferry. specially catered for. Moderate term,

Music

Daily.

Сову

Families

MRS. J. M. OXBERRY.

Proprietress.

PENANG

RUNNYMEDE

The Premier hul es

Dinner

Dance Twice weekly

HOTEL.

dr...

With beautiful private lawns to the Sea.

TWENTY ADDITIONAL ROOMS-COMPLETELY MODERNISED AND RE-FURNISHED ARE NOW READY.

CABLE.--"RUNNYMEDY."

RUNNYMEDE HOTEL, LTD. George Goldsack. Manager.

EUROPE HOTEL

SINGAPORE,

RENOWNED BY RECOMMENDATION

DANCING;

MUSIC:

GRILL:

After Dinner avery Tuesday, Thursday and Saturday. Un the VERANDAH ever] Saturday from 12 noon to 1.30 p.m. and every Tuesday, Thurs. day and Saturday from 7.30 to 8-30 p.m.

Telephone, 5341 (8 lines) Cables "EUROPE" Singapore.

M

THE EUROPE HOTEL, Ltd.

ABSEUR R. SHIMIDZU. ASSEUSE 8. HONDA. ASSEUSE S. KISAKI Kacommended for many years a! Government Civil Hospital, Peak Hospital, etc., and by all the local docters.

24, Wyndham Stroct Tel. 24045.

Avoid

colds

By taking SCOTT'S Emulsion which pro

notes the strength in rasll coughs, chills, colds, influenza and all bronchial affections, Ask for

SCOTT'S Emulsion

*The protector of life'

Arthur E. Odell Managing Director.

MRS. MOTONO.

Massage.

Hand and Electric

31h

Wyndham Street.

THE HONGKONG TELEGRAPH, MONDAY, MARCH 2, 1931.

INDIAN DUTY ON SILVER.

REPLY TO THE AMERICAN

CHARGES.

New Delhi, Fob. 28.

customs

Of

HOME POLITICAL SITUATION.

FRESH CHALLENGE TO MR. BALDWIN.

London, Feb. 28. The new Budget for India protinuance of Mr. Stanley Baldwin's A direct challenge to the con- incrensed viding for duties, includes an incrense

leadership of the Conservative two annas per ounce on silver Party is likely to form an out- bullion.

standing feature of the Parlin- mentary by-election at St. George's, Westminster, caused by the donth of Sir Laming Worthington Evans,

Sir George Schuster announced his intention to appoint Re trenchment Committee of seven mombers, and declared that. to change the rupee from 18 to 10 pence would be fatal to India's inancial welfare. He vehement- ly emphasised the necessity for caution, economy, and co-opera- tion.

The "New Party."

The potential Conservative can- date was Lt-Colonel J. T. Moore Brabazon, who to-day intimated his withdrawal from the candida- ture, in view of the fact that an independent Conservative (Sir Ernest Petter) hus appeared who openly questions the wisdom of In announcing the silver duty Mr. Baldwin's leadership, regard- Sir George Schuster referred to ing which Lieut.-Col. Moore the suggestions that the Finance Brabazon aays that he himself has Minister should discontinue sales expressed misgivings.---Kenter. while the fresh output from the silver mines was to continue un- interrupted. He described it us

London, Feb. 28. un "Astonlahing proposition." He

A "New Parly" was formally contended that the increase of launched by Sir Oswald Mosley two annaa per ounce was clearly (Labour) to-day, who issueil Justifiable, and - denied that it statement declaring that, suflicient might check the consumption of support had already been assured | silver in India. Regarding the both in Parliament and in the maintenance of the price of silver, country, and appealing for voluns however, he referred to his institary workers and financial axis. year's offer of co-operation with other silver interests. "Unfor-

The Party aims at running 400 tanately the only direct response candidates at the

next election. has been from the United States The new organisation challenges

interests on the producing

alike Free Trade, which nes that while the production of the Home market to the chaos of new silver should

work conditione, and Protection restricted, the Governments hold-which would protect the employer ing stocks should refrais

from selling." He was sure the mem- beers would not expect the Govern-

On the contrary, the Party alma ment of India to abandon the country's rights by aceeding tot a system of Prolection of all Nections: The maintenance of a "any such one-sided agreement." stable market, a high standard of

fe, and a definite, plan of reor Sir George Schuster further gunisation, including the linking emphasised that the whole world of the Dominions and Britain by a depended on India as a consumer. new economic organisation--en- She absorbed 108,000,000

ounces 47,

silver

remala

Silver Consumption.

-

of silver annually for the pust

tatec.

exposes

at the expense of the worker and the consumer,

"

Research would

five years ending March 31, 1930, Agricultural and according to present indica- shortly submit schemes.

tions her absorption for the eur

A surcharge of two and a half rent year would reach this aver per cent. will be levied on the

10 per age, while from her own holdings present Customs

cent. the Government of India had soidhedule, and five per cent. on the only a total of about 90,000,000 15 per cent. schedule, including vances. He declared that India cotton piece goods. and 10 per must retain a free hand. "Werent, on the luxury schedule. must ask ourselves whether co-

The duty on all grades of sugar operation is likely to lead to de-i increased by 20 annas sired result. The more study

per

the matter the more convinced 1 hundredweight, whilst there will become that the fall in the price an increase of two annas per of silver la part of a much wider gallon of motor spirit and nine movement, and the more doubt pies per gallon of kerosene. ful I become whether silver can be dunit with successfully In isolation."

Other Metals Also,

Sir George gave the following heads ander which it was pro- posed to increase the substantive Silver tariffs. Liquors, Sugar, Bullion. Bete Nuts and Spices, and Exposed Cinema Films.

Sir George pointed out that the fall in silver prices has not really

He said that beer would be been out of relation to the fall in the case of other metals, and ex- raised about 66 per cent. above pressed the opinion that the the present level and the duties causes might be the same. "Anyon wines and spirits (except de- action which does not touch the natured spirit and spirit used in and causes of the disease can hardly the compounding of drugs

and medicines) would be raised be be likely to provide a sound remedy

If there

|tween 30 and 40 per cent. is to be any international conference for Apart from Sugar, Silver Bul- dealing with silver it will be of lion and Liquors, other items far greater value to the work it mentioned would be transferred it can also deal with those other from the general rate of duty factors in the present world situa (now 15 per coat. ad valorem) to tion which might be affected by the luxury rate of 30 per cent. international co-operation."--Rrti-

fer.

The Indian Budget,

New Delhi, Feb. 28. The Bulget, which was present- ed by Sir George Schuster, Fin- name Member of the Executive foueil showed n defies of 144% crores of

rupees after sovere pruning, including a reduction of 176 lakhs on military expenditure.

Sir George Schuster declared that the increase in the sugar duty measure wis purely a revenue nemliuy consideration of the Tariff Board's recommendations.

EUROPEAN

The new taxation is estimated | WatchMAKER, JEWELLER & ENGRAVER

16 gleid 14 crores, 82 lakhs of rupees, and includes an inerento on income inx and super tax ranging from two to five per cent.

Sir George Schuster said that

61, Nathan Bond, Eswicon.

from the balance of 31 lakhs t Bale and Repairing of Gold and Bliver Gooda, was contempinted to make certain Aur Kind of Watches, Chronometers, Chreno graphs. Repeaters, Biboedometers. Typewriters grants for, beneficial purjo905, and anything in the line of defiesta mechanises, particularly from five to ten laklıs All orders executed

in connexion with the encourage- ment of the sugar industry, in con- nexion with which the Council of

SALESMAN SAM

WELL, WELL, MRS. CUMBACK! HOW DO YOU FEEL AFTER YOUR APPENDICITIS

OPERATION?

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OH, WAS THAT MARMALADE

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