1938-05-28 — Page 6

HR

THE HONGKONG TELEGRAPH,

"HAVE AN H.B.

AND THEN TRY"

The Hongkong Brewery & Distillery Ltd.

JOHN I.

THORNYCROFT

& CO., LIMITED.

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MARINE

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WATERTUBE BOILERS

SHALLOW DRAFT STEAMERS HIGH SPEED BOATS

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St. George's Building.

(First Floor)

Cabfas: "THORNY HONGKONG"

Talophone 14270

SHANGHAI:

Robert Dollar Building.

51, Canton Road

Cablos: "THORNY SHANGHAI"

SATURDAY, MAY 28, 1938.

EMPIRE NEWS

MORE TAXES LIKELY

IN AUSTRALÍA

Sydney.

Though Federal revenue is buoyant and a surplus of at least £2,000,000 is expected on June 30, an official warning was issued after a meeting of the Defence Council to-day that there was a strong likelihood that the next budget would include heavier taxation.

It is understood that last year's cx- panditure of £11,500,00 on defence, a record since the war, will be in- for the creased by £3,000,000 financial year 1038-39.

Part of this will go to provide an instalment of the cost of one or two new cruisers, as recommended after the Australian naval manoeuvres con- cluded a week ago. It is practically certain that the ships will be built in Britain to designs approved by the British Admiralty.

to

The whole of the new defence pro- gramme will be discussed with the Brilish authorities by Sir Earl Page, Mr. Commerce: Mr; the Minister for Menzies, Minister for Industry, and Mr. White, Minister for Trade and Customs, when they go London in March. It will include plans for ex- tended self-sufleleney in munitions.

In addition to

to provision for defence. the Government is expected provide £1,000,000 for the inaugura- tion of a national insurance scheme.

CYPRUS

PRINCESS ROYAL'S

TOUR

Nicosia.

to

The Princess Royal has in the last two days visited the Musicm shrine to Princess Um Haram, a relative of the Prophet Mohammed, and the The Crusaders' Tower a Kiolossi. shrine, which is beautifully situated in orange groves on the shores of the sail Inke at Larnaca, is an object of particular veneration in the Moslem The tower was no ancient

Knights stronghold

world.

Jerusalem.

of

the

of

To-morrow her Royal Highness visits the English school here, and will plant tree. The Earl of Harewood will visit the Government model and stud farms.

SOUTH AFRICA

£3,250,000 SURPLUS

Cape Town.

of Mr. N. C. Havengo, Minister Finance, announced in Parliament to- day that the revised estimates for the Anancial year ending March 31, 1938, £3,200,000. showed n surplus of Total surpluses since 1933 had amounted to £19,000,000, of which £9,500,000 had been spent on debt redemption.

Justifying this action in devoting surpluses to bettering the country's capital position, Mr. Havenga warned South Africa not to forget that slowly but surely her mineral resources were diminishing. Unless her capital assets

were

bullt up on a sure founda- tion a worthless legacy would be left w posterity.

During the past five years they had been able to finance a considerable portion of capital expenditure from South African resources. It had bech unnecessary to borrow money from outside and it was essential to con- tinue this policy. CANADA

£6,000,000 SUBSIDY FOR C.P.R.

Oltawa,

The Canadian Government indicates that it will probably appropriate £0,000,000 to subsidise a Canadian Pacife Railway steamship service to Australia. It will bring to an end negotiations with the New Zealand, British and Australian Governments. Payments of £300,000 yearly will be made for 20 years to improve the service and enable it to compete with United States vessels.. INDIA

BENGAL DEBATE ON FEDERATION..

Calcutta.

The Bengal Upper House to-day debated for two hours before passing a resolution opposing federation as "highly detrimental to the best in- terests of the people of India."

The Government of India Act of 1935 provides for the establishment of a Federation consisting of the provinces and those Indian States That accede to it.

South Africa

MINERS TRAPPED BỶ FALL OF ROCK

Johannesburg. Nearly 90 natives were trapped by

a big fall of rock in the Crown Mines this morning. Four bodies have been recovered and 13 injured have been taken to hospital.

It is believed that ten men still re- main entombed, Relays of rescue workers are battling all night long to reach them,

Ore Peak In August Seen

Toledo.

Iron ore traffe for 1938 will amount to about 40,000,000 tons, slightly below recent highs, vessel interests here belleve., It, la belleved the scoson will open rather slowly and rench a peak probably in August,

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