1933-10-26 — Page 19

THE HONGKONG - TELEGRAPH. : THURSDAY, OCTOBER 26, 1933.

REDUCTION IN TAXATION POSSIBLE

BRITAIN'S SOUND FINANCE

VAST IMPROVEMENT ON LAST YEAR

HALF-YEAR'S FIGURES

(Spacial to "Talograph")

Political observers in Bri- tain are confidently predict- ing a reduction in taxation in the new Budget next Spring as a result of the highly encouraging Exche- quer returns.

The figures rolenaed yesterday, covering the period from April '1 to October 21, show a net saving in expenditure of nearly £8,000,000 and a net increase in revenue of over $31,000,000...

Millions have been saved, it is Binted, on the Labour Minis- try vote owing to the decrease in unemployment.

TARIFF POLICY.

Much is also being made of the big increase in revenue as a re- sult of the tariff polley. Mr. Neville Chamberlain, presenting the Budget, estimated an increase during the year of £780,000 from this source.

In the six months from April) to September, the increase in Customs revenue was £6,039,000.

Another factor stressed in the hint that taxation reduction will be possible is that the actual ex- penditure has only exceeded re- venue by £60,229,691.

This deficit comparea with deficit of over £105,000,000 year ago at the same time.

SOLID PROSPECT.

A pic,M.Baque mutary wedding took place at Holy Trinity Cathedral, Shangnai fast wank, when Miss Yvonne Prentice Crighton, daughter of Mrs. Percy Crighton of Shanghai, was married to Lieut...

enant Ewen Alexander Fitzroy MacPherson of the Argyll and Sutherland Highlanders.

CANTON-HANKOW MANCHURIA

RAILWAY

COMPLETION PLANS

ORDERS PLACED IN BRITAIN

London, Oct. 25. The first order to be placed in Britain in connexion with the proposal for the completion at a the Canton-Hankow Railway has been received by the Purchasing

a

Commission in London.

It consists of an order for 4,000

The comparative smallness of tons of sixty-pound ralls, suflicient the margin between revenue and for fifty miles of railway, expenditure is a most hopefulstoel work for amall bridges. siga.

twenty goods waggons, twenty passengers couches, and constructional machinery.'

It means that in the absence of any serious setbacks to the general revenue position in the It la also learned that tendere next six months there is a solidare to be invited from British ship- prospect of the Chancellor hav-builders for the construction of fous ing a Budget surplus for tax steamers of two thousand tons cach reduction next April.

for the China Merchants Steam Main figures for the half-year All theso orders

Navigation Company's fleet.. ure-Revenue, £276,736,842, an finence from the British Boxar are being Increase of £7,208,594 compared Indemnity Fund-Reuter. with last year; and expenditure ‚£324,826,997,-a decrease of £18,-. 300,776, This decrease in ex-

MINES

PENSION RENOUNCED

NEW COMPANY FOR SEQUEL TO US. BANK

EXPLOITATION

LARGE BRITISH· INTERESTS

Paris, Oct. 25. Disclosures are made to-day concerning the proposals for development of the Manchukuo mine resources with British and French capital.

It is understood that British nterests predominate in a new company, which has been formed by the France-Asiatic Bank, the Chosen Corporation and Japanese interests, for the purpose of ex- ploiting and prospecting minca deposits in Manchuria.

The capital of the new company seems to be on the small alde, approximately £60,000.

ENQUIRY

MR. WIGGIN'S DECISION

New York, Oct. 25. Following the disclosures during the Senate inquiry into the Chase Bank's affairs, Mr. Albert Wiggin has voluntarily surrendered nis contract with the bank.

Mr. Wiggin was the former President of the Chase Bank and under the contract with them he received a life pen- sion of $100,000 annually.

Work will be started as soon as the Senate Banking Investigation Communicating his decision to the Manchurian authorities have Committee, Mr. Wiggin declared granted the uccesenry rights and that as the contract had been rivileges.

The mines to be exploited were criticised he desired to terminate 'ormerly, it is believed, Chinese- owned.

The directors of the bank are The Chosen Corporation is ex-understood to approve Mr.

Wiggin's action. 'n Seoul to facilitate the exploition of the minca-Reuter.

penditure includos last year's THEFT FROM SHIP'Sected shortly to open an agency

payment of £13,179,589 to the

sinking fund which has not been mude out of revento

this year.

Almost all the revenue items are

BERTH

either in accordance with the Three Unemployed Admit

Budget catimutes or ard better

than the estimates.

ESTATE DUTIES.

:

Stealing Clothing

Two Wan-cheung, Yeung Po-

RUBBER SHARES

LATEST SHANGHAI

QUOTATIONS

Estato duties, it was officially kwong and Ng Puk-chun, describ

Messrs. Benjamin and Potts have calculated, would produco £2,390,- ed as unemployed, were charged received the following rubber share 000 less in the whole year, but in before Mr. Schofield, at the Cen-quotations from Shanghai:

tral Magistracy this morning,

the six months they show an in- with stealing a leather sult-case crease of £5,260,000. No doubt containing 25 articles of clothing, Anglo Javas the large estate of the late Sir valued at $21, from a berth on the Anglo Dutch John Ellerman is responsible for

Batu Anama, B.B. Wing Lec. the larger revenue.

The articles were the property Consolidateds

Chemors... Stamp duties are also more of Wong Tak-king, a married wo-

Kroeworks prosperous than was anticipated man.

Repahs and reflect increased business on The second and third defeudants Tanah Merahs the Stock Exchange,

wore the uniform of Chinear Tebengs soldiers.

Ziangbes

Inspector Hoarihan said that

Rate on Rate on

·18-10-33 25-10-33

.t.

7

SENATE DISCLOSURES.

It

was stated during the recent examination of Mr. Wiggin that he had as Presi dent of the Bank, received bonuses exceeding a hundred thousand dollars every year, in addition to his normal salary of $200,000 per annum and in addition was receiving a penaton of $100,000 per annum after his retirement,

These heavy payments were $5.00 made, it was pointed out, despite 2.50 the fact that the bank had been 38 experiencing heavy losses in 130 recent years.

42

$5,60 2.75

138

.38

1.25

.46

.40

.41

.43

.00

.95

.54

.67

6,00

Mr. Wiggin was also a director uf fifty-nine other big concerns, from which he was drawing annual payments ranging from 0.00$300 to $30,000 per annum. The decrease of £8,700,000 in

MR. WIGGIN'S CAREER. Excise revenue is a slight im- the ship left yesterday at noon. They also had some clothing In provement on the Budget esti The articles were stolen while their possession. They admitted Mr. Wiggin started his career mates, which provided for a very the ship was alongside Jardines having picked up the sult-case on as a bank clerk 48 years ago and heavy loss consequent on the ru-Wharf between 11 p.m. on Tues-the boat. The complainant was he was assistant cashier in a bank duction of the beor duty.

day and a.m. on Wednesday, traced, and she said she had not at Boston until 1897, when he Revenue from income tax and The frat do endant was orrcated made a report as the vessel was began his climb to prominence by surtax shows a decrease of over when he tried to pawn some of leaving, and she would come back accuring an appointment as vice- £5,000,000, which may be expected the clothing yesterday morning, to claim the articles,

president of the Ellot National at this period of the financial and took the sergeant to Mr. Schofield remanded defend-Bank in Boston. He first became year. Expenditure in the past Jardines Wharf where the other ants for one week awaiting the connected with the Chase National six months shows substantial sny-two defendants were arrested. I arrival of the complainant. -Inga on the Budget cstimates.

DEBT CHARGES,

DAY BY DAY NEWS IN BRIEF

Bank In 1004, was vice-prealdent till 1911, president from 1011 to 1917, chairman of the board from 1918 to 1921, chairman of the board and president from 1921 to

Interest and management of the national debt has cost £29,883,201 "THE WORLD OF. TO-DAY WANTS Mfr. A. of Arculli will present the 1026 and chairman of the board less than in the first half of Inat FEWER DREAMS AND MORE FACTS. prizes at the Ellis Kadoori School afterwards. Reuter.

LESS ART AND MORE HEALTH, FEWER for Indians on Saturday, November Army, Navy and Air votes show PROBLEMS AND MORE HAPPINESS4, at 11.15 a.m.

—Emil Ludwig, 20

year.

∙n reduction of £1,060,000, though

THEFT OF CAT

The opening concert of the season: the Budget provided for an in- At the public meeting to be hell Institute on Thursday, November 2, will take place at the Helena May! creased expendituro on the de- by the Manuk Ledge of the at 5.30 pm. Tickets will be as pre- fence forces of nearly 46,000,000 Theosophical Society at 17 Queen's viously, members 40 eta, non-mem. UNEMPLOYED COOLIE Road Central to-day at 6 pm. the bers 60 cts, children and Service men The Civil Service spant £161,-speaker will be Mr. John Bussell, 30 cts. Teas should be booked it

•986,670 in the six months, a re-Presidential Agent for Chins of the advance from, Matron, telephone

in the whole year.

duction of $4,022,710. The Bud cloty. He will take as his subject 22100.

"Inspiration--Ileall+m."

RADIO BROADCAST

TO-DAY'S BROADCAST.

CHINESE STUDIO CONCERT

FOR THIS EVENING.

From ZBW on a wavelength of 855 metres:

6-8 p.m. European programme. 6.6.50 p.m. A Concert, Violin Solo-Caprice (Ogarow).. Violin Bolos-(n) The Boo (Schubert)

(b) Waltz in D Fiat (Chopin),

Alexander Schildt, 20014. Song Ever of Then I'm Fondly

Dreaming (Linley-Hall). Song The Bells of St. Mary's

(Furber-Adams).

Frances

(Soprano). 1170.

Piano Solo-on to the Walts

(Weber).

Alfred Cortot. 1201.

Chorus-Where'er You Walk

(Handel-Sprosa).

ChorusBedouin Song (Foots).

Associated Glee Clubs of

Amerien. 80043.

Violin Solo-Caprice Antique

(Balogh-Kreisler).

Violin Sola-Legend of the Canyon

(Cadman).

Fritz Krelelor. 1093.

Song The Narrativa (Grov-

Stothart).

Song The Rogue Song (Grey-

Stothart).

Lawrence Tibbett

(Baritone). 1446.

Collo Solo-Intermezzo (Vivaldi). 'Cello Solo-Serenata Napoletará

(Sgambati, arr. Bouman).

Pablo Casals, 1542. *6.50-7.20 p.m. Orchestral and Band Music.

7pm, (Closing Local Stock Quota- tlong, etc),

Masked Ball-Selection (Verdi, arr.

Creatore).

Creatore's Band. 50006. Hansel and Gretel-Overtura

(Humperdinck).

Philharmonic Symphony Orchestra directed by Willem

Mengelberg. 7430. Country Dance No. 1 (German). Pastoral Dance No. 2 (German). The Merrymaker's Dance No. 3

(German).

Orchestra. 0809.

St. Louis Symphony

7.20-8 p.m. Variety. Vocal Trio-Sal. Vocal Trio-Sweet Georgia Brown

The Pickons Slatorn. 24025.

Can't You?.

Organ Solo Why Can't Song-Lonesome-Road Blues.

Jessa Crawford. 21961. Salty Dog Sam. M12598. Chorus Hallelujah..

The Rovellere,

Vocal Dust Sometimes I'm Happy,

Louise Groody and Charles

Xing. · 20000. Orchestral-At the Baby Parade. **** |Orchestral-Did You Mean What,

You Said Last Night? Joo Furat and His

Orchestra. M12580. Song-Ho's So Unusual.

Helen Kane (Comedienne), 22080. Chorus-Gams from "Blackbirds

of 1928."

Chorus--St. Louis Blues.

Warren Mills and His Blue

Serenaders. 35962. 8 p.m.

Local Time and Weather

8.3-10.30 p.m. Chinese Studio Con-

Report. cert.

10.30 p.m. Close Down.

All records in the above. European programmes are kindly supplied by

lessrs. Taang Fook Plano Go.

KZRM PROGRAMME. To-day's Brondeast from Manila: 6.00 p.m.-Studio Music-Dollar as, Pres. McKinley Orch. 5.50 p.m.-Health Talk, 6.00 p.m-Music.

6.10 p.m.-Spanish Informationa? Period.

0.30 p.m. English. Informational Period.

7.00 pm Chrysler Dinner Fro |gramme-Maalla Motor Company-

Chrysler Ensemble.

7.30 pm Router's Soap Sponsor- ship-Wm. H. Anderson and Co Lily Raquiza, Johnny Harris and Russ Aranas.

7.46 p.m.-New Orleans Commercial Go. Programme.

8.00 p.m.-L. R. Aguinaldo Spon- Borship.

8.16 p.m.-Studio Recital. 8.80 p.m.-Apo Cement Programme Cebu Portland Cement Co-Varic-

ties.

8.46 p.m.-Stock Quotations. 8.66 pm-Music.

9.00 *p.m.KZRM Musicale con- ducted by Loring Nash. 10.80 p.m.-Sign Off.

MORE DOG-OWNERS

FINED

POLICE STATEMENT

ACCEPTED

For allowing his dog out in Somerset Road without a muzzle on October 11, W. R. Floming was fined $8 by Mr. Wynne-Jones at the Kowloon Magistracy, this mor ning.

When asked if he knew whether his dog wne out in the street, dofondant replied; in the negative.“ The Magistrate. Then you have to accept the Pallce statement.

N. M. Xavior, of No. 10. Tung BOUND OVER

Cheng Building, was fined $3 for not taking out licence dog. Charged with stealing a tabby and a 16 allowing it out in the cat from 7, Tol Fing Shan Street, street without a muzzle on October Firing will be carried out from ground floor, an unemployed 7. He pleaded guilty to both Sentence of two months' hard starter in the region aouth of Chinese pleaded guilty before Mr. summonses. labour was imposed on Lo. Lin-yau,

The Magistrate. Have you The token war debt payment street coolic, by Mr. Balfour in the Kap Sing Mun and north of Kau-i Balfour in the Central Police

chau on October 31 at 0.30 a.m71.

taken out a licenco yot? of £2,000,000 to America last June Central Falico Court this morning, and 8

p.m. and on November 8 at Court this morning.

Inspector Brennan.-The In

Dofondant-No. was made out of revenue, and is for the unlawful possession of anm. Mount, Davis will be firing Included in the charge of $108,- uinbrolla, two blankets and a pair of the d'estion of Wert Lamma Channel was apparently outside the door 219,192 for debt interest and that the arteles were the property of Lamma Island on November 8 at 9.30 to it.

slippers. It was stated by Police raclosed by Chau-Kung and north of and the defondant helped himself management.

a junk passenger.

Defendant was bound over.

get estimates rockoned on a de- crease of only $1,040,000 In tho' twelve months.

2.EL.

cat

The Magistrato Well, I recom mend you to do so right away, otherwise it will cost you a lot, more.

Gowns for Bath

Bedroom or

Breakfast-

Theso now gowns combine a most pleasing oppparándo with excellent wearing. qualition. Made of various materials suitable for bath, bedroom or breakfast, and their choorful colours mako It cany för tho' ownor to faca tha day with aquanimity.

CALL AND SEE THEM AT

MACKINTOSHS TD

ARTS & CRAFTS

HAVE A LIMITED STOCK OF FANCYMA

BRIDGE SCORE PADS BRIDGE PENCILS CIGARETTE BOXES CANDLE

POWDER

HOLDERS

BOWLS

AT VERY REASONABLE

PRICES.

MOST EXCELLENT FOR GIFTS.

Your Inspection Invited.

Cough

3

BAYER

catarrh, respiratory troubles what terrible tormentors i But do not despate,

'Cresival'

the proved rentedy, will also help you. Give it à trial to-day and convince your self of ite, excel Cresival is,

and stimulates the appetite.

CRESIVAL