Likely to be Postponed Nanking, Jan. 20. learned" from authentic, sources that the proposed enforcement on February 1, 1930, of the new National Import Tariff Sche-due will be postponed.
Tt will he recalled that a National Import Tariff Schedule had been drafted by the Special Tariff Com-ion of the Ministry of Finance and this schedule is being examined by the Administrative Yuan of the National Government. There is a report here to-day that the schedule, together with the extraterritoriality issue, will be brought up for cussion at a meeting of the Foreign Relations. Committeo to-morrow. It was the original intention of the National Government to. put into force the new tariff schedule as from February 1, 1930.
Latest reports, however, indicate that the new schedule will not go into force on that date, 'The recent decision of the Government authorities to abolish the tael basis for the payment of import duties as from February 1, 1930, and to use the gold stead, it is stated, has a great deal to do with the present decision' to postpone the enforcement of the new schedule, The change to a gold basis will undoubtedly bring about a rise in the prices of commodities, and if a new tariff schedule is introduced aa from February 1, 1930, the livelihood of the people throughout the country will be severely affected, It is, therefore, felt proper in Government circles not to enforce the new schedule for the time being.
The present export tariff schedule may however, be, revised. Export duties on certain products may be abolished, but certain export elution may be higher, since likin will abolished as from October 10, 1930, The matter is being carefully studied by the Government author:
Text read from the printed page and cleaned; old type leaves the occasional error.