CHICAGO WHEAT SUPPLY

Hokitika Guardian, 19 March 1920, Page 1

CHICAGO WHEAT SUPPLY

CHICAGO, March 17. The visible wheat supply is estimated at 63,992,000 bushels.

OAPE POLITICS,

CAPETOWN, March 17.

A meeting of the Cabinet has been held. Despite the election changes, th* Cabinet has decided to carry on.

STRIKE NEAR CALCUTTA. ALLAHABAD, March 17. For some time industrial disputes have continued in and around cutta. News has been received that there is a strike at the Tata Works, at Jamstodpur. After presenting these demands, the strikers collected at the works and began stone throwing. The crowd was then surrounded by soldiers, who at an order, fixed their bayonets and then charged the crowd. Tbo crowd actually laid bare their chests, offering to die at once, ratlioi than to slowly die of starvation, fhej demanded the expulsion of the Indian workers from inside the works. The military were then ordered to fire on the crowd. Sabotage on a railway line was attempted, and the line is being guarded.

insurance reform needed (Imperial News Service.) LONDON, March 17

The report of a Departmental Committee on the business of .ndustrml insurance companies and of collecting societies has been issued. It makes a number of drastic recommendations. It points out that the premiums on industrial policies in 1918 exceeded twentyfive millions sterling. The number of policies taken out was fifty-one million. The report declares that Die great majority of the policies effected lapse within a short time, and control of the organisations in the case of all huge societies Ims been secured bv the agents. Therefore, it argues,_ these societies are conducted primarily in the interest of the agents. The report asseverates that reckless extravagance has been and s being carried on under tbe forms of law, rendering the Board of Trade helpless to give protection to the insuring public. ° The report urges immediate legislation prescribing reforms and nereased State control.

AMERICA AND IRELAND. WASHINGTON, March 17. The United States Senate is now discussing a motion in favour of Ireland being granted her freedom. Senator King opposed if saying that in order to show the ridiculousness of the motion, he would submit another providing for the freedom of the Phdlipiues and Porto Rico.

INCOME TAN REPORT. (Received This Day at 8 a.m.) LONDON, March 17. The Income Tax Commission added, in reference to foreign countries, that j tho Commission does not recommend any change in the existing situation, as re cards double taxaton, on the general question of assessment. The report pronoses that the full income arising abroad from all foreign and colonial securities or possessions other than trade, should bo assessable in case of persons residing in the United Kingdom. As regard trading operations of British registered companies, the Commissoner insiders the present doctrine of pie eie I control should not be weakened; also where operations are carried on ah o-d by a Foreign Board of a subsiding pany, the parent company and subs> - diary should he deemed controlled f.mu within the United Kingdom, if the ma iority of the voting power can be exer | Secern. I» ■»»««' the report suggests that enrnet for should he diminished by one-te. V the purpose of assessment anc ,j_ ed income charged at the ra e ‘PP cable to the unearned income; also that the first £225 of taxable £ charged at half the standard rate ot the tax and further, that dividends of companies controlled shn uld tcred in the United Kingdom be taxed in tlie bands of the - a went, who is entitled to deduct the tax on payment of dividends.