Luxury Tax on Silk Held to be Harmful Nanking, Jan. 20.
A delegation of 20 representatives of silk merchants from Kiangsa and Chekiang provinces have arrived in the capital from Shanghai and have made strong protests to the National Government and the Central Kuomintang against the proposed luxury tax on silk goods.
According to these silk merchants, the silk industry in China is experiencing the worst years in the history of the industry and the Government is, therefore, urged to help to prevent the industry from going ino a state of bankruptey. One of the recommendations made by the delegation is that all silk goods be exempted from taxes for 8 period of three years.
The silk manufacturers are stated to be especially perturbed over the report that all silk goods are to be isled among the "luxury" articles the new special tax classifica fons. This report has been cffily denied by the Government authorities.
The delegation is stated to have received assurances from the Government that if any taxes are to be collected the rates will be lower than the likin formerly collected on silk. goods. It is reported that every effort will be made by the Government to meet the demand of the silk merchants—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.