1937-07-21 — Page 3

THE HONGKONG TELEGRAPH.

WEDNESDAY, JULY 21, 1937.

Chancellor Explains Profits Tax

SIMPLICITY THE

KEY-NOTE

(By PERCY CATER)

Westminster, June 28.

CIR JOHN SIMON, Chancellor of the Exchequer, with general Conservative support and a thin audience of critics who, in any case, were hard up for arguments, found it easy to pilot the new National Defence Contribu- tion through the House of Commons to-night.

*

Sir John, near whom sat the Prime Minister, original author of the tax iden, was bland, confident, bright in explaining the! proposals to the House.

He reminded M.P.s of the "generous terms" in which trade and industry had offered their assurance that if the former tax were simplified and imposed on profits and not on profit-growth, and did not involve compliented calculations of capital, it would be cheerfully accepted.

"That is a very unusual position." he said gaily, "and 1 feel almost as though I were engaged in collecting a voluntary contribution,"

As though threatening to most would be that the tax was come round with the hat on the reasonble as an emeregency measure, instant, he added, with a col-e salled it "rough justice." and loquial humour quite out of hisummed up the City's feelings by re- calling the golfer who said to his usual style, that "all contribu- partner, "None of your science. tions would be thankfully re-Just laing it in.” ceived."

STOCKBROKERS TO PAY

Mr. Clement Dayles (Lib. Nat., Montgomery), a foremost critle of the original proposals, congratulated the Chancellor on having introduced the simple. straightforward tax for which industry had asked." Industry must now fullt its promise and find the money.

Sir John seemed unable to stress enough that "the keynote of the tax la simplicity." He almost spread the illusion that, with such a simple tax it would be a pleasure to pay.

Second in line for the throne of Norway, here is Here are some of the details with

Prince Harald, only, son of Crown Prince Olaf and Crown elaborated te

the White Col. Colville. Financial Secretary to Princess Martha, shown in his mother's arms. The ple- Paper:

the Treasury, said the fact that in-lure, taken at Oslo, is the first of the young prince since The tax would be imposed on profits dustry had accepted the tax was due his baptism: The boy's mother is a niece of King Gustaf of trade or business in this country to realisation of the paramount of Sweden. Harald was born at Skaugum on Feb. 21. whether of a foreign or an English Heed for defence on which this

which

company.

It was just to impose the tax both! on companies and on firms or indi-i viduals carrying on trade or Industry,; because frins all over the country were in competition with companies, There were large partnership finns -private

banker for instance- competing with limited companies.

country was united.

He believed that industry in this country was in for a further perlod of Intense activky, and that being to the tax would not be too grievous a burden.

The House heartily endorsed the tax by carrying the inancial restu- Sir John unnounced, "so as to avoid|tion by 231 votes to 98. either fears or hopes," that stock-

brokers, stockjobbers, and insuranceį

brokers would be insluded, whereas

other professionni men would be NEW

excluded.

In the case of director-controlled

MEDICAL

companies, where it would be pos- CURRICULUM

sible

for the directors' remuneration

completely

to drain the pool of TOO" LONG

A

available for the tax, there would be two formulas--one that not

ore than

percentage of the -profits should bo deducted for re- muneration, and the other fixing a sum which could not be excorded. The relief for sinall businesses (proposed in the original tax) would be continued. This provided that no tax should be paid on profits of un- der £2,000. For profits between

£2,500, and £12,000 there would be

a tapering of the burden, thus:

Profit

60 8,000 120 0.000

Tax Frit

*Tax

I

£

5

3,000

360

4.000

420

5,000

180 10,000

480

0,000

240 11,000

7,000

·300 12.000

Sir E. Graham-Little's Protest

TOO. MUCH SPECIAL WORK

Women in Gem Smuggling

Plot

New York, July 1.

Housewives, shopgirls, school teachers, and actresses played a prominent part in a diamond smuggling racket, stated to have netted £2,600,000 in seven years, according to an indictment brought before the Fede- ral Grand Jury to-day.

Fifty-five persons are named in the in- dictment, and Treasury officials are exul- ting.

"We've got our foot on the neck of the biggest gem-smuggling ring in the world," they say,

The operations of the gang are said to have been conducted between Paris, Brussels, and London and New York..

MONTHLY JOURNEYS

Women, chosen for their guileless appearance, acted as carriers for a small band of "merchant conspirators."

They travelled across the Atlantic cach month, carrying small consignments of gems. Sometimes, it is stated, they would pay the duty on a small package, to allay sus-

picion.

Many of those suspected are alleged to be fugitives from the French and Belgian authorities, and applications have been made for their extradition.

OFFICIAL DENIAL Complaints

RUMOURS: DARTMOOR

Sir Samuel Hoare, Home Secretary, in a letter to Mr. D. N. Pritt, K.C., who had two questions on the order paper dealing with prison affairs, denies all the statements and implications in the questions.

Mr. Pritt was unable to be in the House to put his questions, one of which asked whether "the system called knock,' whereby prisoners undergoing punishment are awakened at short inter als throughout the night, is, or has been recently, in operation at Dartmoor."

Of Stage Jokes

LORD CHAMBERLAIN'S CONFERENCE

certain

Complaints that cabaret and theatrical enter- tainers had used the Coronation celebrations as an excuse for in- dalging in offensive jokes and stage acts were responsible for the convening of a meeting at St. James's Palace, recently, under the chairmanship of the Lord Chamberlain, Lord Cromer,

In an official statement issued from

the proposed new medical curri

Protests against the length of

The other related to a prisoner who was certified insane and lum and against its failure to asked whether his arm became crippled as a result of an attack Buckingham Palace later, it was an- provide the minimal needs for upon him by a prison officer at Dartmoor and whether his insanity general practitioners are made was due in any part to his treatment at Dartmoor.

by Sir Ernest Graham-Little]

540

M.P. for London University, in the 600

current isstie of The

CASE OF BUILDING SOCIETIES

Lancet

SOURCE OF STORY WANTED

Sir Samuel's letter

to Mr. Pritt!

says: "I am sorry you were not in 7,500-MILE

Dartmoor AIR DASH TC statements SAVE SIGHT

your place this afternoon to put to Building societies must be re- He maintains that academic years me your questions about garded as investment trust eom-have been turned into calendar years! As you will see, my answers are a panies.

for the last three years of the curri complete denial of the Sir Alan Anderson (C... City of London) said he thought the view of cutum, thereby adding nine months to and implications in your questions:

the student's studies-the expense of¦

IM WORRIED ABOUT WINNIE. HURSE. SHE FRETS FROH

MORNING TILL NIGHT

WHAT DO YOU ADVISE?

"Why, the poor little thing is consti- pated. No wonder she's fretful. That is the chief thing a mother has to

ard against. Mrs. Grant.

"Kiddies don't understand; they're so absorbed in their games, and often neglect Nature's call. Then they get hillous, lose their appetite und be come irritable.

"Show me your tongue, Winnie.

Yon

it is coated stiro sign slie's out of sorts. All she needs is 'Cali-

fornia Syrup of Pigs, and she'll be us happy as a lark in the morning.

"You'll

find it keeps the bowels purifies the system and saves Atomach upsets and biliousness.

"If children are to thrive and grow strong and keen witted, they must eat well and digest what they eal. There's no better way than the regu

lar weekly dose of 'California Syrup

of Figs. All children love it.

"If I were you, I would send for bottle now and give Winnie a dose at

Be sure you insist on "California Syrup of Figs,' Mrs. Grant. I am sur- prised that some mathers are ready -to experiment with cheap and drastic preparations. It's such a pity they don't realize that "California Syrup el Figs is a perfectly safe children's faxative. I know myself how carefully and scientifically it is prepared."

"California

Syrup of Figs"

RATUREN LEMN ESKALIVE

"As regards the alleged wakening,

·

nounced that "the object of the meet-

ing was to bring to the notice of the representatives of those associations responsible for the stage, music hall, and cabaret, certain aspects of public entertainment which have recently Leen the subject of criticism, and the consequent desirability for more con- certed action in the matter."

#

The Morning Post was informed by prominent manager wilo WAR Southampton, June 15. present, that it was'n friendly round- State, 1s, according to Sir Ernest,

at which an ex- creating a very diflcult position.

at intervals throughout the night, I

from South Africa to Eng-change of views between the Lord should be much obliged, if you find a land may save the sight of a Chamberlain, representatives of the He further maintains that the new possible, to respond to my suggestion four-year-old boy who arrived at London County Council, and West resolution dealing with preventive that you should make

known the Southampton this afternoon in End entertainment leaders took place. medicine is as nebulous as one passed source of this story, and as regards the Imperial Airways Empire "MOSTLY TRIVIAL" by the General Medical Council in your other question you may like to flying-boat Centurion. 1922, and that the new additions 'pro-have the following information in

"Odd complaints of stage and posed to the list of subjects studied amplification of my answer. are disastrous in view of the over-¦ loading already present.

"On April 1, 1936, the convlet was flight

this, both to the individual and theof prisoners undergoing punishment A DASH of 7,500 miles by air table conference

Mrs. A. Wilson, of Durban, cabaret presentations are constantly accompanied her son on the being brought to the notice of the

from Durban. He is

authorities," he said. "Mostly they ire of a trivial character. It may be word here, or a gesture there, that

reported for using violent and suffering from meningitis. A

to a prison Johannesburg specialist advised gives offence to one person out of

a delicate brain operation as the line audience, only hope of saving the boy's of the

sight and possibly his life.

INJURED HIMSELF

Sir Ernest continues: "The revision threatening language of the medicat eurriculum, has been oftleer. co ducted by bodies in which the! general practitioner has either not "Pending been represented at all, as in the case charge of the runterence,

Investigation

Was

removed to

#

Lord Cromer and the L.C.C., how- ever, clearly cannot disregard any performed before June 25, and be at the recent meeting was that in a The operailon, he said, must be complaints, and the only suggestion recommended as the best man to do few isolated cases the It a famous surgeon in Edinburgh,

Coronation Mrs. Wilson Immediately booked artists to exceed the limits of good season might have encouraged certain pussages for herself and her son in taste. "He then smashed the glass in an airliner which left Durban six: Act was expressly defined as ॥ several roof lights from the inside, days ago.

"After a most friendly discussion it At Alexandria they trans was agreed to ask 1leensees to co- general practitioner service." and when one of the officers climbed ferred to the dying boat Centurion operate in seeing that there is no ex-

"By the operation of the saine Act, on the outside of the roof the con- On arrival here mother and son look tension of

any such practices," points out, a standard is accorded of through a hole in the glass. It was burgh, where arrangements haze s Sir Kuye Le Fleming pertinently viet tried to strike him with the stavel train for London, en route for Edin- the range of a general practitioner's in doing this that he cut his arm on been made for an immediate opera-porations responsible for the licensing duties: that stundard does not en- the broken edge of the glass which tion. visage any specialist experience. The he himself had smashed.” production of an emelent general

In his written reply to Mr. Pritt practitioner should therefore be the principal aim of medical education." the. House recently, Sir Samuel

Houre sald that he presumed casc

or by a small separate halt in the prison and while minority, as in the case of the General he was being searched there he broke Medical Council. The

passing of the National Health Insurance Act estab-the stomach, snatched his stave from

away, kicked one of the officers in ished the general practitioner once his pocket and climbed up the girders] and for all is the most important unit in the medical service of this country, supporting the roof, inasmuch as the service given by the

EVERYDAY EMERGENCIES

to

the

WATSON'S

of county councils and municipal cos

At the meeting were representatives

of entertainment in their areas. West End theatre

managers, provincial though he was still unfit to leave managers, cinema exhibitors, produc- Broadinoor Asylum.

tion managers, and hotel and restour- Mr. Pritt replied to Sir Samuel ant managers. Hoare's

jetter, but he fell he According to the official statement, referred to was that of should not make public his reply agreement was reached that every It is urged that time can only be prisoner named A. H. Jackson, whose until Sir Samuel had first had nieffort would be made "to eradicate fourd for the proper teaching of mental condition and improved, al-opporignity of rending It,

any undesirable elements." clinical subjects to future general practitioners by less attention specialised details. It is more Im- [portant to let the student acquire a general scientific outlook, familiaris- Ing himself with the everyday emerg». uncles of the so-called speciniitles, butį leaving systematic instruction in) these for post-graduate study,

'Can Sir Ernest concludes:

the presect posillon be viewed with any- thing but unxiety by those who are convinced that the minknat curri-i culum for qualification should be! designed first of all to meet the needs of the general practitioner, and that the effort to produce a general specialist, which in itself is a con- tradiction in terms, should be finally abandoned?"

YE OLDE

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