Budgets and Taxes Subject (o Central Government Nanking, July 4.
Strict control of provincial municipal spendings is requested li a petition by the Ministry of Finance to the State Council.
Pudgets should be regularly submitted for approval, and no new tax should be imposed nor loan fated, without the State Council approval.
The salient points of the Pinanec Ministry's scheme are as follows:—~
Special Muni civil Governments should be, submitted first to the State Council fo-and then forwarded Ministry of Finance for sanction, while the budgets of the various ' distriets(hsiens) and ordinary municipalities should be: submitted to the Provincial Financial Departments concerned, which should in turn submit them to the Ministry for reference and examination, 2—The institution of any proposed new tax, increased rate of taxation or floating of public loans by the Provincial and Special Municipal Governments. should first be submitted to the State Council and the Executive Yuan for approval following which such measures Lo forwarded to the Ministry of Finance for posals in their-fi will then be transmitted Legislative Yuan for further @eliberation. The Provincial Finan. cial Departments should administer such financial undertakings of the districts (hsiens) and ordinary municipalities, and the statistics thereof be compiled and reported to the Ministry for reference—Ta_ Chung.
Text read from the printed page and cleaned; old type leaves the occasional error.