1939-10-21 — Page 5

EF EB

DONALD DUCK

Saturday,

HONGKONG TELEGRAPH

ONE!

October 21, 1939.

By Walt

Disney

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Count the "TELEGRAPHS" everywhere

Opinions About The Income-Tax

A Look Through The “Telegraph”.

50 YEARS AGO

WALT DISNEY

LANE, CRAWFORD, LTD.

LATEST PARLOPHONE & REX RECORDS.

} F1477. One Foot In The Gutler.

Puppet On A String. F1407. Tin Pan Alley Medley. No. 18.

(Two Pianos with String Begin The Beguine. Rumbo. Corn Pickin'. Q.S. Stardust. F.T.

F1400.

F1495.

Oct. 21, 1880, A London medical many F1403. careful in your dealings with horse- radish. irritaten the stomach far more than spice and an overdose will 9573.

SINCE venturing my opinion, an unpleasant sensation for

that Income Tax is un-

0576. suitable for this Colony on

Among the disadvantages of elvillen. account of the insuperable obs- times sink into being beakers, or plac

lon in the Far Enat are that men some 580. tacles in the matter of colleeget rung into the jury-box every other tion, I have broached the subject Sessions ro, Brokers and jury. 0582.

are the bittern of life in theị LO A number of residents, rollicking Orient. To-day all the jurors, 9587. representative of all walks in sumimoned for the October Heintona

eught to have attended,, as per the 9543. gratullique advertisement we and our contemporaries gave to the Government,

Life

As opportunity arose, and con- pletely randoni, I selected the but some of them didn't. The only in 80981. medical, legat und accounting pro-ference, of course, is that they don't| fessions; vivil servants, ship-builders and englarers; merchants, wholesale and retail.

In all, I chatted with some nifty people-men whose opinion can be respected. The consensus of opinion was strongly against Income Tax, and propose to give some of the reasons.

What They Resent

With the exception of three people who approved of the proposal, the majority expressed resentment that they would pay whereas many would easly esenpe the Impost. The cost of collection was also commented upon.

the

take any bent paper in, and that the other mas had it when they called at the Intel. Anyhow, they did not at- tend. The result was that a Jury old-f Bled out of nondescript crowd had to he taken, and even they did not wil

accum without a struggle.

25 YEARS AGO

Vet. 21, 1914.

A meeting of the Legislative Council, la tự he held to-morrow, when a vate to the Prince of Waled Fund will be maved and when the Budget MI come on for first rending,

wil

will

Excellency the Governor move the following resolution!--

"That contribution of $100,000 be made from the funds of the Calony to the National Fund instituted by "ille Several pointed out that

Royal Highness the Prince of Wales dieult conditions due to the lowisten who are dependents of mon serv

for the reller of persons in the British [dollar, medved tremulous burden ing with a Majesty's Forces and of on the tumily budget, especially those who suffer from unemployment [when the remittance of money caused by interruption and distention oversens for the maintenance of re of trade and industry or otherwise arv latives or the education of children plunged into poverty and distress in was taken into account. The neces

consequence of war." sity for Home leave every four or Ave years was stressed, and 0:0 doctor complained bitterly that he had given up all thought of retiring to England, solely because of the constant drain on his

The orders of the day men→→

First renditus of a Bill entitled An Orllanace to apply a sum not exceeds ing $0,010,002 to the Public Service of the year 1915. #Compare this with the 1930" Budget of $40,000,000~» fourfold Increuse-Ed. resources. The suggested Income Tox will be just about the last straw" he said.

Our Economic Problems

The Colony's pucullar economnle; problems were stressed. The fact that simps and depressions have been weathered is attributed by those who have studied the "power of recuperation, to the general "freeness" of money and the absence of burdensome Laxation.

Foreign capital has been attracted here because of the many economie

10 YEARS AGO

Oct. 1. 1120. The feat of the German glunt Bylag. boat Dernier X in making a flight of one hour over Lake, Constance with a hundred and fifty passengers Anit crew of ten in regarded as a remark-j able development in aviation.

"5 YEARS ACOTM

L

Oct. 1, 1934. Air-Commodore Sir Charles Kinga- Captain ford-Smith, accompanied, by navigatur, hopped off from Brisbane at P. G. Taylor, a wireless operator and

attempt to reach Callformin,

| advantages, and the opinion was ex- 2,95 .. un the frat stage`of a daring

pressed by several people that a cast Iron tax on incomes or profits (in many cases) might bring about o restriction in investments, or might

very well cure a flight of capital STOCK MARKET

and enterprke from the Colony to Macao, Canton or even to the Straits Settlements.

REPORT

From the standpoint of the tnon-| Hongkong Stock Exchange week- in-the-street, emphasis Was

faidly report issued yesterday says:

upon the fact flat the majority of Uncertainty, both as regards political British residents hope to be able to renditions nutaide the Colony and retire to their own land. The reuhumic within, has had a restraining majority of these will not enjoy Bielience on the market. benefits of pensions or superannua- The Trading Board during the week tion funds, and the high "cost of hay, called för no overtime efforts on living here, coupled with the low those responsible for keeping it #plek and span, the deals recofited thefron value of the dollar, presents any having been the most meagre for many thing but a rosy future. To revert wecks part. The consolation, which han to the question of Hunc leave; farea been so marked a feature of the market vione mean matter of several remais no disposition on the part of hundred pounds,‹u hoáys commit-lokters to jettison their scrip. ment which the ordinary resident of the British Isles-Is not called upon) to spend:

Only Paper Profit

Another business inan referred to the thousands of dollers standing on his booka ngainat his customers. The annual audit of his books re- vealed satisfactory position on paper, but a considerable proportion of his profit still remained to collected, and in some cases, would never be collerled. Would he be ex- pected to pay Income Tax in accor- dance with its Balance Sheet?

be

for one while, sillt obining; thers still

Business done during the week: Hongkong links $1,230 -

H.K. Docks $18

Providenis

Tramways #1574. $15.00

Electrics $50

Telephones cold: $20

Cementa CIA.

14. Rope $4.00

Changed 14 pm.) eloving quotations:

Buyers Union Insurance $305

Hales Hongkong Banka #1.280

CHEERO CLUB EVENTS

Next week's programme at the Cheero Club is:

Monday-Danco, 150 p.m.

· Tuesday --Wilst Drive, 14 pm. Wednesday Dance, 6.30 p.m. Thursday--Lessons in contract bridge,

pm

Continuing this line of thought he expressed the view that the businesses which would be taxed would be thoué who would naturally comply with the requirements of the ensure, and this woulď mean an

Friday Darts, ping pong, billiards. increase in generat overhead, thus hold a bridge and mahjong drive at the The Women's Advisory Commitice w211 making it necessary 16 adjust prices | Club on Wednesday at 3 pm. Admission Lo the consumer. This in itself, inoluding tea. would place many native traders In

To Sum Up

a favourable position, enabling the undercutting of foreign concerns. task before her. In order to ochleve. this object as painlessly as possible, In variety of forms of increased taxa. To sum up the general opinion, tion should be arranged, with the the fear was expressed that the im-sole object of spreading the burden position of Income tax would be a evenly and fairly amongst those step of a retrogressive nature, and whose fortunes depend upon the might very seriously injure the stability of the Colony and the Em financial structure of the Colony,

pire.

Surprise was evinced that other To make martyrs of a few and to channels had not been explored. It dimare the many, is extremely in- was felt that every British resident, advisable psychologically. whether he be British Chinese, The fundamental basis of British British Indian, or merely be be taxation is equity and Justice, and it! British, should bear his share of as-is these two considerallons which the Kammttkossanzen ▼sisting Great Britain in the heavy public have every right to expect

1

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..Ivor Moreton & Dave Kayo. Bass & Drums)

Joe Daniels & Its Hot Shots.

Eddy Duchin & His Orch.

Philip Green & His Orch.

I'm Building A Sailboat of Dreams, Q.S,

Maxwell Stewart's Ballroom - Orch.

Wishing. ("Love_Alfair".) FiT. My Prayer. S.FT.

.......Billy, Cotton & His Orch. Doemps-A-Daisy. (The New Old-Fashioned Party Dunce.)

Bram Martin & His Orchi Heaven Can Wait. F.T. Wishing. ("Love Affulr"), „Roy Smeek & Uls Jawajlan Berenaders. Ain't Cha Comin' Out? Kumba, Begin The Beguine. Nothing But Bles.

„Oscar Rabin & His Romany Band.

Red Poppies. Tango, *............................. Emli Roos1 & His Orch. Charlie Kunz-Plano Medley. No. D28. Piano Solos, Charito Kuma,

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