The Imperial Diet meets for ita To-day Tsingtao is celebrating, or rather officialdom is celebrating, Zhen Bist session, a session of special
the third anniversary of the aty, significance to the Kenseikai Govs; ernment, on December 25. This restoration of this city and envirsession will be marked by opposi-ons of the former Kisochou leased tion's efforts to take the Government territory. to Chins. There is an to task for commitments made by emptiness and mockery in it all} the Kenseikai while in opposition. which is expressed in the failure The main issue will be the reform of the anniversary to arouse any ith of the system of taxation, on which popular enthusiasm. True it is rock the Into coalition Government. that hundreds gathered this morning al Assembly, to. conduct split last August, the Seiyuat the yamen where the stereotyped Admininteation This furnishes an, ex-client system, and one. calculated to kai being driven into the opposition, ceremonies were gone through, but frap the port. free from politics acd The principal reforms the Govern-this was out of idle curiosity.
Btsceptible of development, ment propose are the abolition of a The true attitude of the Chinese progressive tax on the income of spected, the present. stra Gfag'Bhanghas petralty ben Tot have occurred, and from. this corporations or juridical persons, here over such a celebration is far city" Be as they are called in the Japanese from one of exultation. This law, and the assessment of a uni-reflected in to-day's leaders appear-form rate of 5 per cent. the reas ing in the various Chinese papers. essment of the Innd tax according, There is a note of keen disappointment running through all of Seas wi our commerce, be 8 to the current rate of rent; the a: them. The consensus of opinion, and peace guaranteed. Foreigners sessment of a business tax accord-wit"not "hesitate to. come heres and ing to net profits; the raising of ex-even among these Chinese, is that Chinese. will feel secure in Investing emption from income tax to. ¥.1,000 China has, failed miserably in their money. from the present ¥.800; the increase what -has been termed her "great
Text read from the printed page and cleaned; old type leaves the occasional error.