The proposed amendment to the China Trade Act to overcome the above handicaps in a measure has been reported upon favourably by the House Committee of the Judiciary and approved by the House Committee on Ways and Means. It now stands well up at the head of the legislative calendar of the House, and it is hoped will receive favour. jin the coming ion of Congress, opening on december 1. An identical Bill has been introduced in the Senate. On account of its being a revenue measure, it must first be passed by the House, after which it is hoped that the Senate also will take prompt action, Mr. Rhea states that the question of taxation, both Federal and State, is causing 'a great amount of discussion in the United States at the Present time. It is true that the new Revenue Act of 1924 gives the individual subject to the federal income tax a very considerable measure of relief, although no relief has been given from State taxation, which in most States is increasing rather than decreasing.
Text read from the printed page and cleaned; old type leaves the occasional error.