(1) One and the same treatment is provided for foreigner and native: so that there need her be abuse of privileges tier interference with rights, (2) The eight or ten commodities, imports and exports, in which foreign trade is really—if not alone—interested, are not only relieved from uncertain and variable tax: but are freed from all taxation, on payment of the one fixed charge at a Treaty por (3) The merchandise in which foreign trade is not interested and which circulates China for Chinese domestic use, is freed from the application of the foreign Tariff at Treaty ports and is left to be dealt with by the territorial authorities according to local rules and requirements.
(4) As regards a third class of good:
of foreign origin which, as foreign, are not staples and are for the most part only disposed of at the ports and not sent into th ich, though foreign, are not easily dis able from Chinese articles and yet also not staples—aud the articles which, being of native origin and bought for foreign export, are, like the scattered iuiports, neither certain nor abundant in the export trade—all these articles and commodities, of little importance to foreign trade, are left where they are now: that is, they remain exposed to the uncertain incidence of local taxation, but are, on the other hand, freed from the certain in= idence of import or export duty at the Treaty ports, (5) The local taxation of Chinese gonds for hinese domestic use and of the insignificant imports and exports referred to in the Inst paragraph, is not to be in any way connected with shipment or discharge at Treaty ports, 20 that vessels which take mixed freights will neither have to deal with two sets of Customhhoutes nor be subjected to any special deten-ion.
(6) Where the foreigner competes with the Chinese merchant in Chinese trade on Chinese ground, he will do so 02 the same footing and conditions as the native; where the native competes with the foreigner in foreign trade, he will do so on the same footing and conditions as the foreigner.
(7) Vexatious espionage at the ports and troubles in ior disappear.
(8) No interest is sacrificed to another: neither foreign staples to Chinese desire for revenue—nor Chinese taxation to isolated nor the goods in which interested to those which concern some other; what is fair to each and good for all is secured and promoted.
(9) Foreigners will no longer he reproached for selling their names to Chineso—nat hostility to foreign trade will disappe: officials will not longer be able to aay that local revenue is destroyed by foreign trado—foreign trade itself will in every way be freed from burdens it has now to bear.
(10) Quinqueunial revision will periodically effect timely changes, removing what is bad and adding what is good.
(11) With one code and one procedure for all cases in which both foreigners and natives are concerned, and with concomitant arrange-monte adequate to the protection of person and property, complaints will be stopped and mach that is now offensive will (12) Room is left for growth at and for improvement of both code and pro cedure. Quinqueunial revision provides for proper adaptation to the requirements of the times.
Text read from the printed page and cleaned; old type leaves the occasional error.