The Archive · 1925

CHINA'S PROPOSE! IS FOR TAXING IMPORTED LUXURIES

Swingeing Imposts on Wines and Tobaccos and Articles of Food; Implied Protection for Native Products: Your Food Will Cost You More From Ock OWN Consesronnent Peking, Nov. 6.

At the first meeting of Com. mittee "B" held to-day, the Chines Delegation presented a statenient on the need for the imposition of the surtaxes, "proposed measures pending the institu tariff autonomy.

Dr. W. W. Yen gave a detailed account of the government's Teaxont for seeking to segregate certain imports into A" and B Grade Luxuries for the purpose of xpectul taxation. The A Grade. includes Wine and tobacco and, according) to the Chinese plan, will be taxed at{ the rate of 30 per cent. B Grade luxuries on which 20 per cent. will be charged include silk goods, worl and woollen goods, flax, hemp and jute goods, fine cotton goods, sill, wool, hemp and cotton" mixtures, leather. and skins, furs and mano: factures thereof, sugar and articles manufacture and indigo, vegetable and artificial, The Japanese Delegs sibs mitted another instalment of the Japanese plan. Mr. Yoshizawa also argued in favour of the Washington Conference surtaxes as sufficient. in themselves to meet the financial needs of the government at the resent time. Although he did not mention the American plan, it obvious that Mr. Yoshi opposing that proposal which would allow Chinese liberty to impose a.

maximum import duty of 12) per cent., and a maximum 7h per cent, export tax within three months of the conclusion of the present are Fangement. The Japanese spokes. men agreed with the provisions of the American plan for disposing of the additional revenue and. ad-Vocated, instead of " higher surtax than is' allowed by the Washington

Text read from the printed page and cleaned; old type leaves the occasional error.

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