The Archive · 1929

New Form of Squeeze

Now, incident No. 2 has to be recorded, and it concerns two for-ign oil companies, the Standard and the A. P. C. No longer is-it ron that an importer kerosene, or gasoline, should affix stamps to all eases which pass out of its godowns, and, though. the duty hay been increased" slightly, the oil companies thought—then selves particularly blessed, Other dealers, it seemed, had been harder hit by the new tariff schedule than they had. But, lo and behold, there is "ne hering." which everybody. had failed to take into account. That means not a special brand of tax, bat the payment in advance of the regular duties: a loan, as it were, lease pay $1 a coe extra on all stocks held in your godowns," is the startling request which hus been made by the provincial author= i Startling, one may say, for it is the first time, the writ leliewos, that the Chiiess ffiials have tried to prov nm fon fern Their own rever, (ea oan know ing of that exprestioy paying "ne few years unfit hit' upon that promises bring into the provincial treasury. monthly what is absolutely required to meet the ordinary running. expenses of the government, As a moans of raising mone; wry has fallen back upon has come in handy more The merchants have been ordered again to pay Hicence tax based upon the amon of capital which they possess, Even Shops that may have paid a sia tax Irae a few months before ate not to be exempt. One anil all they are required to fill in forms of declaration, ard to pay into the treasury $1 for each $100 of their eapitaliz

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

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