"At the time of the Washington Conference it was estimated. that this surtax Again, there will al be an annual Customs surph available after the existing charges jon that revenue have been met. Our financial experts are of the opinion that, with these new sources of Revenue, it will not be difficult to work out @ feasible plan that would meet the needed administrative ex-Penditure of the Chinese Government and would at the same time further the general financial ad-Justment of China.
Delegation will, on another occasion, /have the honour of tendering before this Conference their concrete suggestions on this subject. We are not, however, disinclined to take up any proposal which might be put forward with a view to the levying of a reasonable surtax higher than per cent.
Such a proposal may be considered a5 falling within the terms of Article 2 of the Treaty. But since this would constitute an intermediate step prior to the total abolition jof likin, it should be requisite for China to effectuate at least a partial
Text read from the printed page and cleaned; old type leaves the occasional error.