ENEMY FORCE ROUTED

Ashburton Guardian, Volume 60, Issue 246, 25 July 1940, Page 5

ENEMY FORCE ROUTED

TORPEDO-BOATS IN CHANNEL. ONE HIT IN THE NORTH SEA. (Received This Day, 9.5 a.m.), : - LONDON, July 24: The Admiralty announced that a British torpedo-boat' patrolling tho Channel routed six German torpedoboats and damaged two. Fleet Air Arm planes registered:; aD bit with a torpedo against a German escort vessel in the eastern- part of- the North Sea. All our planes returned.

ATTEMPTED RAID ON CONVOY.

GERMAN BOMBER SHOT DOWN.y ONE DESTROYED IN SOUTH-WEST. (Received This Dar, 9.5 a.m.) ' LONDON. July 24. * German bombers thrice raided shipping off the - south-east coast. One bomber was shot down while trying to give a small boat armed with an'antiaircraft gun a severe, dose of bombs. The Royal Air Force shot down a third planeduring the day in the southwest of England. One German was killed, one injured, and two taken pri- ' soners. EFFECTS OF NEW TAXES. . THE LEVIES ON INCOMES. LONDON, June 24. t . Under the* new taxation a single person would pay £7O 5s on an earned income of £4OO, and £l4l 2s on £6OO. A married man without children w|ould pay £4O 16s on £4OO, and £lll 7s on £6OO. ' . A married man with one child would pay £2B 6s oil £4OO, and £3O 2s on £6OO. A, married man with two children having an earned income of £4OO would pay £ls 10s Bd. If he had an income of £6OO, he would pay £6B 17s 6d, and for an income of £2OOO he would pay £6OO 2s Gd. For an income of £6OOO the tax would be £3OBI 7s 6d, and for £20,000 it would be £14,568 17s 6d. ■ The price of 10 cigarettes will he increased by Id to 9d. The price of all tobacco will be increased by ljcl an ounce. A newspaper representative stated that an increase in the price of newspapers was inevitable.

“TIMID AND INADEQUATE.” TRESS COMMENT IN LONDON. LONDON, July 24. “The Times” describes the Budget as timid, and says that- the proposals are quite inadequate- from the viewpoint of preventing a Continuation and acceleration of the rise -in . the general level of prices, because they do not j touch by far the greater fraction of - the extra incomes and wages which are a counterpart of the increased excess of Exchequer disbursements- over receipts in the current year. This excess will be spent on a diminishing quantity of goods and so invites inflation unless far .more drastic steps are contemplated, apart from the Budget, to divert moneys back to the Exchequer. The “Financial News” in a leading article, asks: “Why has this of all Bud- - gets' been rushed? Sir Kingsley Wood may intend to do mom next time, but tlre<re are very good reasons to conclude that wo will certainly have inflation by the front door.” It adds that wars are not financed by to- morrows and might-have-bec-ns. The “Manchester Guardian” says: “Thte Budget would have filled the Bill last April, hut it is shockingly inade-_ quate to-dav. It misses a great psvehological opportunity of demanding sacrifices when the public is never inord Koady to make sacrifices.”