MAIL NEWS.

Poverty Bay Herald, Volume XLIX, Issue 16121, 9 May 1923, Page 8

MAIL NEWS.

ROYAL PRINCES PAY TAX ON ONE

FIFTH OF INCOME,

LONDON, March 17.—The Chancellor of the Exchequer states that income tax is paid on one-fifth of tho amounts received by princes of royal blood put of public revenue. The assumption is that four-fifths of the allowances sanctioned by Parliament are absorbed by expenses in the performance of public duties, such expenses not being taxable.

CANADA FINDING HOTEL BUSINESS EXPENSIVE LUXURY.

OTTAWA, March 17.—Canada's experience in the hotelkeeping business, since taking ocer the hostelnes connected with the Grand Trunk Railway system, has been expensive. Deficits in 1922 of the six hotels in the chain, including the interest and depreciation charges, totl amore than £143,520.

PRIDE OF NEW YORK. GLASGOW, March 26.—Sir Robert Home, during a, speech here, told the following story about one of New York's architectural "prides," and the Earl of Balfour in America:

An American (pointing to the Metropolitan tower) : "It is 800 ft. high——" Balfour : "Really.' The American: "And it could not possibly be burned down." Balfour: VWhat a pity " 40,000-MILfE CRUISE IN 600-TON

(MOTOR YACHT. LONDCKNT, March 29.—A number of social people are about to start on a 40,000-milol cruise in the palatial 600ton motor y'd«ht Fantome 11., as guests of the Hon. )\rthur Guinness, the Earl of Iveagh's second son and his wife. A start will be hnade from Southampton. They will visit the Canary Islands, Las Palmas, Trinidad, and then pass through the Panama Canal to the Fiji Islands, Japan\, Borneo, and back through the Suez Canal and Mediterranean. The vojyafse will last about 10 months. 1 'v t '