These new fiscal measures will first be put into operation in the six provinees of Kiangsu, 'Anhui, Ché- Kiang, Pukien, Kuangtang' and! Kuangsi and will be "subsequently extended to other _provins cos, Tt is worth emphasizing that hereafter, under this new policy of the Government, once imported goods have paid the prescribed new] duties at the sport of entry, and locally manufactured goods, once! they have paid the proper excise duty at the place of manufacture, will be freed from all further lik tax and othey internal transit duties.
These decisive measures of the Government will stand out as capital event in the history of trade in China;-and, it is confidently be-leved, will be conductive to the rapid industrial and commercial develop ment of China and a huge expanse of (nado between China and foreign countries, What has been inter-intently' discussed for years past as a desirable and, indeed, tive Hacal reform for China, will Decome an established fact by: the! decision of the Government which! has determined boldly to carry out at one stroke what innumerable conferences and negotiations between Successive governments in the past have failed to do.
Nationalist Government officials are confident that the new fiscal measures, the abolition of transit taxes and the exercise. of tant autonomy will be heartily welcomed, by foreign governments and traders. It is recalled that the representatives of the Powers concerned have in the past expressed in unequivocal terms their' entire sympathy with China's right to tariff autonomy. "A new era will'thus be inaugurated promis. ing opportunity for. those' prepared Chin
Text read from the printed page and cleaned; old type leaves the occasional error.