The Archive · 1915

Depreciated Copper Coin

In response to a report from the Prefect of Shanghai on the steps he has taken for checking the influx of copper cents into his district, the Governor of Kiangsu has issued the following reecrip "Your report is duly noted. In order to ascertain how copper cents come into the territory, your plan of asking the bankers for information is certainly a good and simple one. But, when we consider that it is the very bankers who accept these' coins for distribution, the plan appears impractical and useless. The district of Shanghai is:.ccessible both by water and land, affording an easy market for copper coin: Let the said Prefect devise direct means of preventing the influx of such coins into the port, in order to gain the desired end.

The Stamp Duty.

The Chinese Chamber of Commerce has issued a circular as follows We have received a despatch from ths Prefect of Shanghai, fo: warding an order from the Ministry of Finance as follows "Our memorial on the question of extending the sphere for the imposition of the stamp duty was sanctioned by the President on De-comber 24 of the ard year of the Republic, and referred to the Chengshitang (Secretary of State's Office) for the notic> of the Legislative Bureau. We find that Art.

9 of the Stamp Duty Law provides that to all agreements, books and documentary evidence (Class A), valued at $10 or above, a one-cent or twee-ut stamp shall be affixed; and (Class B), if the value thereon

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

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