In communicating the Nationalist Government's historic decision the diplomatic representatives of the Powers concerned, Mr. C. C. Way the Minister of Foreign Affairs, has also /given the assurance that, as regards foreign loans and obligation, {for which the Customs revenues have been pledged, adequate provision and safeguards will be made to meet all liabilities for the foreign loan service should the Customs revenues prove insifcient owing to the aboli-ion of some of the taxes on transit which are at present collected -by the Maritime Customs Administration.
Ts. connexion. with the: foregoing, the Nationalist "Government has issued-a sories of documents which (1) "Proclamati of the /Nationalist "Government (2) Law on the Abolition Internat Transit Duties; (3) - Provisional Law on National Import Tari (4) Law ow-Excise Duty.
From-the standpoint of foreigners, the law affecting the Customs. is undoubtedly the most important and. fs here: given in full:
Article 1. Foreign goods imported into China upon: arrival: at: an: open port shall -pay duty at the rate of "fifty-seven anda half per The aforesaid duties shall_be on a specific or ad valorem basis according as'they are specific or ad valorem under the existing customs tariff.
Article 3. From the day when' this Provisional Law comes into force, the existing two and a half per centum surtax-on imports ard the surtax on luxuries shall -he Article 4. A schedule of the difterent classes of luxuries designated as, 'A, B, and C, respectively in Article this Provisional Law is sphereunto.
Article' 5."All dutiable imported goods which do not come under any! one of the three classes of luxuries, goods. shall be considered as ordinary
Article 6. All prohibited articles jand duty-free articles as well as those which are duty-free by special permit shall be governed by the existing-regelations relating thereto.
Article 7. This' Provisional' Lay shall apply to goods passing through the Custom Houses at the Innd frontiers.
Article: 8. This Provisional: Law shall come into force from the first day of September of the sixteenth year of the Republic of China—Kuo Matin News: Agency.
Text read from the printed page and cleaned; old type leaves the occasional error.