Foreics Svureryision:—A very important principle has been introduced in
Sir James Mackay has gone so far along tains the germ of better things. Since this section and a principle which con-
these lines why not tackle the entire question of internal revenue boldly and place the same under a foreign board of control. Sir James has- covered the whole ground of inland taxation and every form of merchandise. He has touched the Customs, Imperial and Native, Likin, Loti-shui, opium, salt, consumption and every other tax, no matter by what name called. He has suspended some, he has changed others, as instituted new ones. ¢ whole existing system has been turned topsyturvey by this Treaty. It is, therefore, evident that Sir James docs not shrink from tackling the problem. From the wording of the Section it would appear that Sir James has no adequate idea of the immensity of the issues at stake. ited without permi:
Text read from the printed page and cleaned; old type leaves the occasional error.