1933-08-22 — Page 6

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THE HONGKONG TELEGRAPH. TUESDAY, AUGUST 22, 1933.

J

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The

NOTES OF THE DAY WILL LITTLE FLUTTERS'

A SMELL

The smell at Cheungahawan re- fuses to accept tho alry, dismissal by the Head of the Sanitary De- partment. It is not to bo 80

BE TAXED?

By HUBERT A. MEREDITH City Editor of "The Daily Mail"

readily disposed of, although it Aast one world's record--we preceding months.

SA nation England holda ut ly be adjusted for the twelve

would probably be something of

The Very Idea!

SUNSTROKE

By Eddio Kelly, Moony

A PARTIAL eclipse of the

sun was visible in It may be contended that much Hongkong yesterday after

to

Probably most of you are

tell

you.

An

a miracle if the official attitude are the champion taxpayers.

Whatever Government is in of the money lost was caused by different. The H.S.D. power, it has the satisfaction of the depreciation of Investments noon. were noither has to live near the smell knowing that the taxes it imposes and not by speculation. I ven. nor is it likely that his swimming, will be paid punctiliously and ture to suggest, however, that it At least, so we were told. expeditions take him

farther honestly. This does not mean would be almost impossible

that we like paying: neither doca differentiate between the two for We tried to look, but the fteld than Repulse Bay or Stanley It signify any desire to pay one taxation purposes. No one could sun was too strong for our eyes. and it is easy, In these cir penny more than is lawfully due possibly contend that whore cumstances, to reply to representa. from us. Actually, our income profit was made the transaction tions by the Kowloon Residents' tax laws are carefully studied, and was a speculation and the result wondering what couses an Association, claiming that the taxpayers very wisely see to it therefore taxable, but where

that where they can lawfully make loss was made it was an invest-

eclipse. We'll rubbish now being dumped upon

deductions from tho taxablement."

eclipse is just 1 natural the foreshore is carefully covered amount of their incomes they do Actually, in the minds of many phenomenon, like the shroffs col- over to avoid fly-breeding and is

people the reverse Is the case ling at the end of the month, and not, therefore, a monace to health,

This being the case, great in- They look on a parchase of stock drinking beer, even if the smell is unpleasant.terest will be aroused in Mr. and shares that goes wrong as a

one that goes It is caused by the moon get- Justice Finlay's ruling in the speculation and King's Bench Division that profits right as an Invealment. made by a taxpayer on "flutters" Another point of great impor- { sun. ` in cotton futures were liable to tanco is whether these "dutter" Other eclipses of the son can income tax.

profits, whatever they may be In be caused by someone elas's son In the past it had been general-are considered to come under getting between him

on Case 1

It is to be deplored that the matter was not gone into a little more thoroughly. The spot where the rubbish is being dumped is part

of the reclamation. Ultimately It

caying matter. We wonder who- ther it will then be regarded as a' menace to health, or merely un- pleasant to the nostris.

"PASSING THE BUCK"

Another nuisance with a similar

origin which has been the subject of complaint by the K.R.A. seems to have been rejected by the Sanitary Department as none of their business. We refer to the rubbish and debris, carcases und

80.

ly assumed

that

profits

REBATES ON LOSSES?

yeara

It is

of Schedule D (that is,

caused

ting between the earth and the

und

his

D (that tooarth and the sun is that we're

a planet and the sun is a star..

The planeta and the earth keep going by whirling around the sun.

will be used for building purposUK and foundations will need to "flutters" or "speculations" outside prents from ordinary business, girl friend.

a taxpayer's business wero not trading, or profession), or under The difference between tho be sunk, probably into a rich de-considered part of his income. Caso 6 of Schedulo

In the case in point, the taxpayer more casual earnings.) was an agricultural implement

TAX LOOPHOLES, the £6,000 manufacturer. So netted in the sixteen transactions Section 27 of the Finance Act he had in cotton futures between of 1927 establishes the fact that the years 1919 and 1923, on which while losses under Case G can be

If they didn't whirl it would it is now ruled that he must pay deducted from profits under Case be the end of the whirled. income tax, could not possibly be in the current year, an adverse The Hght from the sun

Is classed as profits derived from balance so

cannot be called sunshine. It can be soon were carried forward to set against best through a plece of smoked his normal business, but from a secondary business, which profits under Case 1 in subsequent glass.

Sunshine can also be seen presumably would be described years. Case 6 losses, however, in

through П by the tax collectors as that of uone year could be set against Case

whiskey bottle. In "ilutterer in, cotton."

6 profits earned in the next six America this is called moonshine.

Astronomers to be hoped that the

can always toll This ruling therefore appeare authorities will not think it when there is going to be to establish the fact that the re- necessary to adopt a new attitude eclipse of the sun by studying so on, floating in the harbour andsult of such transactions must be as regards this class of profits, the

position of the sun and along the beaches of the New included in one's return for and will realise that not merely planets. Territories. Letters written to taxation purposes. At first blush would they be faced with large Then they get their pencils, the Sanitary Department have it might seem that this would claims for overpayment in the and work out, to the nearest lead to a further heavy drain on past but would not over a period decimal point, what's going to been acknowledged with the in- the taxpayers' resources, and so of years in the future gain a happen. In this way they planet. formation that their subject mat-to a corresponding increase in the material sum on balance.

Suns are dangerous things. slumster has been referred to the far-national revenue." But this would

Wore every Stock Exchange Too much sun is able to give at last contemplated by the bour Department, the Water not always be the case, and at the operator deemed for taxation pur- you sunburn. Too many National Government is highly Pollee and the Port Development present juncture might bring pose to be running a secondary will give you the same feeling,

about a diametrically opposite re-business na important, but it will fail of its Office. This is known, in common ault."

"flutterer in stocks A scientist recently discovered purpose if the fundamentals of parlance, as passing the buck, The reason for this is that if and shares," possibly the operator a sun that was 2,000 billion miles the housing problem in Britain the K.B.A. presumably being left profits on such transactions must might seek to reduce the taxable further away from the earth than are overlooked... In Britain, as to discover whose is the final re-be added to one's income, it is amount of profts by selling stocks our own sun. This, of course. in Hongkong-where nothing is sponsibility. The Sanitary De- only logical to assume that losses and shares to relatives or friends was n sun of his, farther.

at very cheap rates so as to re- lopment of slums is not so much its daily quota of rubbish from though last week's ruling only ro-/duco the profit and so minimigo | of his father. We tried to borrow

Hongkong Telegraph.

TUESDAY, AUGUST 22, 1933.

SLUMS

The big drive against

done or contemplated the deve-partment claims, of course, that could bu

very con- thousand

have so far been deducted from

those

taxation demands.

AN ISOLATED CASE?

an

Young Eddie is also the son

the dis-

deducted. Now, al-

five bucks from him last night, a housing problem as a poverty Kowloon and the city is taken far obviously

ferred to "flutters" in cotton, it

but he said he was short. He must be equally ap- problem. If the people were not enough out to sea to prevent it plicable to "flutters" in other com

Obviously there are many more was our little ray of son, light. poor they would not live in slums

and problems in Naturally, we feel proud of from returning to harbour; but modities, such as wheat, rubber, complexities and bad houses. So long as there is a class obtaining food, sometimes we wonder. We seem and tin, and also to similar trane connection with this matter than young Eddie. When we came actions on the Stock Exchange.can be covered in this article. i here he was a baby, sucking at clothing and shelter by the un- to have heard of a

It is In this direction that the Two facts emerge, however, The his bottle. certain sale of its labour-its venient "tip" not

nature of the decision may prove first, that apparently any casual Now he is a fine, atrapping only commodity-to an employ-milles from Kowloon Bay. We are a far-reaching

profit-can-be made subject to "in young man, who still likes his ing class, so long, in short, as perhaps unduly suspicious in It is impossible to estimate the come tox-if its earning is con-bottle with the old man. Yes, capitalism is the prevailing suggesting that this possibly con- amount of money lost by the de-sidered to constitute a secondary since coming to Hongkong we

abare business of the taxpayer con have preciation in stock and

seen our little son-riso in economic system, so long will tributes to the "mysterious" cbb values since 1928, but it must run cerned; and secondly, that there the East, there be an acute housing pro-and flow of rubbish.

into hundreds of millions of has been no change in the powers Anyway, you'll be glad to hear blem. It is notable that since

pounds. None of these losses as to assessment in this respect, that there will be no further the war roughly 2,000,000 new

The first of these facts explains eclipses in Hongkong this year. houses have been built in Britain. GEN. JOHNSON LOCKS AHEAD the incomes of those who sustain-Mr. Justice Finlay's ruling, and Mr. C. W. Jeffreys, of the Royal Yet we learn from the census of

ed them, with the exception of the the second encourages the hope Observatory can tell you that. proportion that the case in question is likely He has worked it all out with 1931 that the worst forms of Gen: Hugh Johnson seems to have comparatively small

lost by overcrowding have increased. La gift for forceful and expressive business it is to deal in stocks for income-tax purposes we shall

whose definite to prove an Isolated one, and that pencil and paper.

He simply measures And the Praya East reclamation speech-and, along with it, a clear and shares. It therefore follows not have to adopt in addition to tance between the earth and the in Hongkong is a sufficient in-recognition of the exact nature of that if such transactions

wore our ordinary profession or trade sun, and multiplies it by the dis- dication that slum houses are the problems that lie ahead of him, taxable a very large number of description the title of "Flutterer tance to the Peninsula Hotel. not necessarily old houses. If In choosing men to help him ad- taxpayers have overpaid income in Commodities" or "stocks and

"horse" or

Then he adds a fow: million "dog. new houses are overcrowded minister the recovery act, General tax to a very great extent during shares" or

miles

for good measure, and the past few years, as they have racing," or even "Flutterer in with folk of both sexes and all Johnson is expecting trouble. "I been assessed on their incomes Contract Bridge." If we have to, telise off any spare noughts to ages herded together in con-

know sooner or later the applause without the deduction of their then, as I see it, the Revenue be on the safe side. tinuous discomfort, rendered

will die down and the air will be losses. As the income tax law Department may become our part- neglectful and desperate because of their poverty, they rapidly de-full of dead cats," he says. "I am stands to-day, however, the bulkner in those risky enterprises.

of this overpayment could not be But the, question bristles with generate into slums. Clear all picking men who won't run when reclaimed, as such matters can on- difficultios, the slums in Britain to-day, and that time comes." It could hardly slumdom would again arise in be expressed more aptly. Already all its squalor. It is one in the cotton textile industry there thing to build houses, it is an- | are signs of serious trouble and in other thing to enable people pro- a few months some of the people perly to occupy them. Out of on whom the restrictions of the their incomes the workers have recovery programme

rest most to satisfy inexorable necessities. heavily will begin to offer resist- When people wonder how slums ance. Then, as General Jolinaon come into existence, how slum

says, it will be important for him conditions are created in ap to have behind him men who will parently respectable neighbour.

not mind being targets for the dead hoods, and how slumdom' grows

cata. and spreads, let them reflect for a moment on the plight of the unemployed, The unemployed and their families now number

TOKYO TRIAL

more than a sixth of the total hardly surprising that the pleas In Japan's prosent mood, it is population of Britain, at least for clemency for the young officers 8,000,000 men, women and charged with the assassination of children. The terrible iron logic Mr. Inukal, the Inte Premier of of their position compels them Japan, have met with widespread to make slums. They are ruth-response, And It is more than lessly compelled to Book the likely that a kindly ear will be cheapest shelter they can find: turned to the arguments by the to herd together in order to ment. There is, of course, no.

powers who will deliver final judg reduce costs; to crowd whole excuse. Political assassination familles to a room so that the a doplorable crime, the inherent rent can be shared between the wickedness of which is onhanced familles occupying the house. by its futility, More often than Conditions among the coolle not it thwarts the attainment of class in Hongkong are worso have in view and when not treatad

the very ends its porpetratora. than among Britain's unemploy with the usual severity of the law, ed. Talk of removing slums encouragas other hot heads to here and the glib reply is that follow dimilar coursen...-Self- the problem is economic and immolation for the furtherance of nothing can be done about it a dearly-held, principle may in The Government, in factidaro some circumstancur ber praise web-innisb-upon-compliance wine were then izahıslatians ofe its own building korang goingong oily of the rame reason

cherillitla hölt? ishichaise com

The answer's a lemon, which should be taken with a grain of Sol-t.

BUFFERS

We were in bad on Sunday. morning when wo road the re- marks by the I.G.P..about rubber buffers for surf-boards. Wo did not get the full significance, of it at first. We thought he was re- ferring to the people in thoir second childhood, who were riding the surfboards. Then we sat up in bed, quivering with excitement.. Rubber bufferal Why hadn't we thought of that before. Motor cars have bumpers to protect them from pedestrians, and now surf boards are going to have buffers, to protect them from the waves." Why not rubber buffors for pedes- triana.

Of course, tho.idon would have.. to bo gono into thoroughly. Probably other little refinements, such as rear lights and spectacle wipers for rainy weather could: ho introduced. The talpan pedes trian doubtless would be able to afford a small radio sot, which could be carried under his walsie. coat dashboard.

Hats could be built on the. sliding roof principle. During the eveninge, the top of the hat. could slide back into the brim, while, during the host of the day, It would be returned as a pro toctivo covering, Doubtless SOING of the sons of our rich täfpans". would eagerly solze upon this method of allowing fresh air. Into the hair of the hair

There are several othor refine

Feditopwill not allow us