1941-04-08 — Page 5

TAKE AM, ERAM DR MARTE VALI

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DWARFING ALL OTHER SCREEN SPECTACLES

WONDROUS

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THE THIEF OF BAGDAD

Magic Technicolor

MORNIS

ARTISTS

The adventure of the magic flying homel

The adventure of the all-seeing syst

The adventure of the

wonderful was?

The adventure of the flying torpat}

HE FOUGHT THE WORLD TO HOLD HER LOVELINESS WITHIN HIS DARING ARMS1

SEATS NOW ON SALE FOR ALL PERFORMANCES Matinees: 30c.-50c. Evonings: 30c.-50c.-70c, $1.20 Above prices includes tax

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FREE FRENCH

May Fight In Balkans

CO.

Tel. 21270.

Tel. 20320

After lunching aboard the 'British battleship Warspite, he said: "I have reason to hope that Free France will

participate in the battle, in the

Balkans and it is 'possible that I may. go there. Frankly, I believe that.

the ALEXANDRIA, Apr. 7. (Reuter) German effort in the

Balkans will be General: Charles de Gaulle, leader of considerable and formidable, Injevery the Free Franch forces, declared in way, but I remain degivinbod that the fan intervlow that he might go to the Balkan countries, which “Balkáne, Za

HONGKONG TELEGRAPH

Tuesday.

BRITISH BUDGET

-> FROM PAGE ONE

of interest, averaging below two per conting

"We have no intention of borrow- Ing on worse terms as the war pro- ceeds. We shall hope to Improve upon them." (Cheera), ment

Post War Debt

All this meant that the agent by of our post-war financial problem by the burden of the War Debt, though it was bound to be grievous, would be correspondingly less and we should alco avoid the evils incurred after 1918 of

of starting a period post-war expansion and recovery with a rate of interest

in the long run, which, WAR 50

cmbarrassing and often crushing to the borrower. The mail- tenance of a low rate of Interest would do much to ease the financial problem of rebuilding our cities utter the war.

Sir Kingsley Wool added that we had taken many steps to eliminate

war

and

April 8, 1941

Sir Robert Brooke-Popham Inspects Chinese Sappers

An Inspection of the Chinese Sappers was made by Air Chief Marshal Sir Robert Brooke-Popham, Commander-in-Chief

of the British Forcos in the Fitr East, nt the Munder

Ground this morning.

accompanied by Major-General A. E Sir Robert arrived on the ground Graeett; G.O.C. and others present

included Brigadier A. Peffers, Colonel LETTERS TO THE

E. II. M., Clifford, Lieut-Col R. G. Taylor and Major R. E. Moody. Lamb, Captain H. C. Cartwright--

Captain C. E. Otway was in

charge of the parade, which comprised 110 men.

EDITOR

Macao Racing

Bir-Being an ardent follower of the "King of Sports" I was terribly disap

After the men had been put through their paces, they marched past with Sir Robert taking the salute. A hollow square was then formed, 'and' Sir Robert congratulated the men on their Robert recalled the fact that he pointed, and I am sure a vast majority

excellent display. had heard a very long time ago that of racegoers share my opinion equally, la the "many, difculties Chinse were joining the Royal En- as for an Sunday's racing. la concerned; fiefering fo

problems inherent in the most incera, and he had been very glad to it was a complete flop. cxpensive way in history," the Chan-henr of it. He ivas sure that the men binme, for deallowing

The Stewards have themselves to cellor remarked that the danger we would carry

some of hud to control was that

young Jockeys to participate in the meal of being loyalty and service in peace or in war with the result that out of the Fix Blooded out by n torrent of CXCCSS -a tradition established by their events on the card, five went out with purchasing

wer fed by the spring predecessors. Sir Robert concluded by only three starters: punters rely only of wartime government expenditure, wishing the Corps the very best of on hot favourites, leaving no money to That was the function of finance.

cast In, not mentioning the trouble und A colution of the problem would be

expense of journeying down all the impossible unless it was eased by

way from Hongkong, leave off enough withholding a substantial part of the

those jockeys who went down for no- thlog. surplus purchasing power through the instrument of taxatlan.

power

Free Gifts

luck.

on the

tradition of

Suez Canal Objective

Ultimate Nazi Aim

our

Good racing could have been the order of the day had the Stowards al- lowed those keen riders to participate: Dealing with details of last year's

there are enough ponies to make the account, the Chancellor thanked the

events infereating, and the excuse of tax-payers who had responded so

preventing "accidents" is not good for readily to his appeal for prompt STOCKHOLM, Apr. 7 (Reuter) the riders themselves are quite aware payment of taxes and also those at A suggestion that the German offen- that neither the Club nor the Stewards overseas who had sive in the Balkans is ultimately aim- are liable to be responsible for them; triotically kelped with

astendyed at the Suez Canal is made by the such was evident when it is the first dow of free gifts to the Exchequer "Stockholm Tideningen," whose mill-time that all riders were made to sign end to aircraft production.

says that although correspondent the Germans were fully prepared for an attack on Greece they had probably completed preparations for an attack on Yugo-Slavia.

13

The purchase tax yielded some £28,000,000. Ita administration had worked quite smoothly.

Towards the total expenditure of £3,084,000,000, we received a total revenue of £1,400,000,000, leaving deficiency of £2,475,000,000 to hn found by other means.

A nett sum of £2,462,000,000 was barrowed during the year.

The hard and severe financial

benefits measures brought

tury'

not

They are thus likely to seek to prevent the massing of troops by Yugo-Slavia by violent air operations while completing their own troop concentrations.

The military correspondent of the "Dagens Nyheter believes that the because German offensive was lastered by They avoided, for the mass of the the uncertainty of Turkey's attitude people, the evil effects of unchecked correspondent expects that the

landings in Greece, inflation.

Hitherto, increases in taxation had not failen short of the necessities

of the case. There had been

Iso

inflationary dangers in our system up to the present.

the

The

Germans will first exert all efforts to prevent British, Greek and Yuge- Slay forces from joining up while engaging the Yugo-Slavs to prevent them from attacking the Italians in Albania.

Lease & Lend Act Referring to the future, Chancellor said that a new and im- portant factor was Introduced by the Least and Lend Att. He could not estimate the value of supplies to be received from the United States. He estimated the vote credit

re quired, excluding supplies from and to the United States, at payments to

£3,500,000,000,

The estimated total expenditure- was £4,207,000,000. The estimated yield in income tax for the current

BRAZIL TO ACT

FOR ITALY

VICHY, Apr. 7 (Reuter)-Brazil has been asked to take care of Italy's interests in Yugo-Slavia according to a Rio de Janeiro telegram.

declaration before weighing out. Unless this matter is adjusted, racing facuo will go on the downward grade, and I doubt the racing fans will

go down for the next meeting.

SPORT.

Home Soccer Fixtures For April 12

LONDON, Apr. 7 (Neuter).— The following aro the football fixtures for April 12:

WAR CUP Fourth Round Tottenham v. Arsenal;

v. Sheffield U.

Newcastle

V.

LONDON CUP Aldershot v. Brentford; Crystal Pal. V. Queen's P. R.; Fulham v. Chelsen; Westham v. Clapton O. LEAGUE, SOUTH Bournemouth V: Southampton; Luton v. Brighton; Southend Portsmouth; Watford v. Norwich.

SOUTH REGIONAL Northampton

West Brom. Reading v. Millwall; Notts F. v. Notts would continue to be extended. The

NORTH REGIONAL year was £605,000,000 (an increase tricity charges. The aim was to hold burn v. Bury; Blackpool v. Liverpool; scheme included coal, gas and elec

Barnsley v. Huddersfield; Black- of £81,000,000), a surtax of £80,-

Burnley V.

Bolton; Chester 800,000, death duites of £82,000,000, wages about where they are now.

New Savings stamp duties of £14,000,000, excess

Wrexham; Halifax V Doncaster; pronts tax of £210,000,000.

Turning to the question of filling Manchester C. v. Leeds; New Brigh- The total estimate of inland re-the £500,000,000 gap, Sir Kingsley ton v. Crews; Preaton v.. Oldham; yenue; duties on the existing basis of Wood said that he needed a still Rochdale v. Stockport; Shemeld W. inxation was £0002,000,000; Customs greater sum from genuine, new savv. Chesterfield; Tranmere v. South- and excise of £570,000,000; andings and urged the people to spend port; Pork v. Grimsby. purchase tax or £70,000,000.

us little as possible and to land a8 The total-estimated revenue for much as possible. 1940-41 on the existing basta of taxation was £1,030,000,000.

The hops tax was renewed for o further four years, the medicine and

to

New private savings were estimated produce between £200,000,000 and £300,000,000.

The

Lincoln V.

V.

MIDLAND CUP Semi-final Leicester. SCOTTISH LEAGUE Albion v. Hearts; Clyde v. Celtic;

V. Falkirk; Airdrie; Motherwell Queen's Park v. Third Lanark.

stamp duties repealed from Septem- produc taxation was estimated, to Hamilton v. Rangers; Hibernian v.

ber 2 and new medicine and stamp duties legislation would be introduced,

Allowances

The Finance Bill includes -1 clause providing for the purposes of Income

£205,000,000 in a full year. The income tax rate would be in- creased by 18d, to 10s.

The 5s rate on the lower scale Football would be increased to 09. Od.

On the largest incomes, the Income

tnx and super tax

be 102. 6d.

REST XI CHOSEN

tax and national defence contributions in the pound. tax yield this year TO PLAY CHAMPIONS

and

The

would be £90,000.000, in a full year £125,000,000..

Exemption Limit *

Bankier

similar allowance to that provided for the purpose of the excess profits tax in respect if losses incurred in

The following have been aclècted providing additional buildings, plant

to represent the Rest against South for the war effort. machinery

The earned income allowance de-China, Champions of the First Divig- The Chancellor foreshadowed u modification of the excess profits tax duction, now one-sixth. would be lon of the Football League, si Caro- one-tenth. Personal allowance, of line li on Monday next at 4 p.m. Roughley (Royal Scots): but could not now afford any con£170 for a married person would be Navy), Blackburn (Palice) Freshwater siderable changes. Part of the tax reduced to £140.

Middlesex), Ju King-ahing (Eastern), would be held by the Exchequer to The exemptions limit for income tax Thomas (Middlesex); Fowler (Club). be made available to Industry at the would be £110 Instead of £120. Fung King-cheeng (Sing Tao), Hendy end of the war,

This would increase the number of Barber (Navy), liau Ching-to

(Eastern). income tax payers by over 2,000,000, Reserves. Lapsley and Maxwell (Kow- The extra tax any individual paid Toon), Fraser (Royal Scots), Bright (Mid- lesex). Sonng Ling-sing (Sing Tao). Le by reason of the reduction of per- Page (Navy). Howlett and Ferrier sónál allowance and earned income | (Polico) and Itlertsen (Club). allowance would be off-set after the war by credit in the Post Office Savings Bank.

Sle Kingsley wood estimated that private savings for the current year totalled £1,000,000,000 in addition to £1,636,000,000 from revenue. He estimated that domestic expenditure would be £3,700,00

£3,700,000,000, leaving u gip of £500,000,000 to be filled."

The Exchequer would bear a con- siderably increased burden, to provent un increase in the cost of living, In- cluding an increase in the shipping rates and insurance.

The policy of stabilising

The whole income tax proposals yould produce £150,000,000 this year and in a full year £250,000,000, half of which would be treated as credit. A full year would produce £1,000,- prices!000,000 from taxation..

Ask for

Civil Service Team

The following will represent Civil Service C.C. in a Junior Cricket League, match against Police on Saturday,

H. E. Strange (Capt), G. Ainslie, V. C. Lawrence, T. Lockhart, J. F. MacGowan, Bond. P. D. Crawley, G. Davidson. Y J. Michell, N., Smith and A. Watson.

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