Two of the most uneconomic increases imposed by the Nationalist Government are the 50 per cent. increase on export duties and the, 50 per cent, increase on coast trade} duties. Both of these duties but} particularly the latter are economies ally unsound and their increase still further burdens Chinese traders, who are most affected by these duties and tends to restrict China's xport trade which is what she can least well afford to do.
On the arrival of the Southern! forces at' Shanghai, the Committee appointed by the Peking Govern. ment for the Revision of Tari values was transferred from Shanghai to Peking. Mr. A. H. George' acted as British delegate and has been in close touch with your Champer which has endeavoured to supply him with all the information as to values which he has required. The Commission has not yet cot cluded its labours, The next question of importance! which arose was that of the imposition of stamp taxes on insurance' policies. Thoagh your Committee felt that these taxes in themselves:
Text read from the printed page and cleaned; old type leaves the occasional error.