Evening star., 1927-04-17
BY HENRY w. BUM

B1 HENRY w. BUM
-HE following is a brief sum
mary of the most important
news of the world for the
seven days ended April is.
Great Britain-On Monday. Win
ston Churchill submitted his budget
for the fiscal year 1928, lbegan
April u to the Commons. Last years
budget estimated total expenditure
of about S2l 900. 900 pounds and a sur
plus Of 1000. 900 pounds. But by
reason Of the strike, there turned out
to be a deficit Of about 81 900, GOO
pounds. The new budget provides
for liquidation Of this deficit and, by
naughty gesture, calls for increase
of the contribution to the sinking
fund from so, 100000 pounds 70 65.o00.
900 pounds. 1t contemplatas some re-
trenchment and some additional taxa
ton; the former chiefly by way Of
abolition Of the government depart
ments of transport mines and over
seas trade, and acceptance OF fewer
entrants to this civil service; the latter
by way of increase of taxes on wines
Chiefly imported, imported tobacco
and pottery and matches. the Nc
Kenna duties of 53l4 per cent on
automobiles, moreover, being extended
To include automobile tires, an item
greatly TO interest Americans.
Mr. Churchill is shaving very close.
The possibilities in the way of pro
ductive economy and productive
taxation seem we'll nigh exhausted.
The yield of the taxation increases is
expected to be only about 100000
pounds and 1t is noticeable that they
apply almost exclusively to luXuries.
Mr.. Churchill estimates a decline Of
yield from the income tax by 23,G00,-
600; not surprising in view of his es-
innate Of $50, ,000, 900 loss of profit to
industry through the coal strike. 1t
is evident that the fate Of the budget
estimates is precarious. that another
deficit is to be ayerted only by pro
gresslye recovery Of trade and bust
ness. The estimate of total expendi.
ture for the new fiscal year is 833 ,390,-
600 pounds; Of receipts, S34 $50 900
pounds. A surplus therefore of ,440,-
600 pounds is forecast.
y x
China.--On April IL identic notes
from the governments of the United
States, Great Britain, Japan, France
and Italy were delivered by the con-
sular representative Of those powers
at Hankow to Eugene Chen, Nation
alist foreign minister. and by the con-
sular representatives of the same pow
ers at Shanghai to the general com.
manding in the Chinese city to be
transmitted By him to Chang Kai-
Shell, generalissimo of the Nationalist
armies at Nanking. The terms call
for prompt settlement of the situa-
ton created by the outrages against
American British, etc) nationals com.
mitted by Nationalist troops ut Nan
king on March "a last" as follows:
Adequate punishment of the
commanders of the troops responsible
for the murders. personal injuries and
| indignities and material damage done,
as also Of all persons found to be inn
| plicated
"2-Apotogy in writing by the com
| nander-in-chief Of the Nationalist
army, including an express written
undertaking to refrain from all forms
/ Of violence and agitation against for
| eign lives and property.
| "3--Complete reparation for per.
sonal injuries and material damage
done.
Unless the Nationalist authorities
demonstrate to the satisfaction of the
| Interested governments their intention
| TO comply promptly with these terms,
the said governments win find them,