"It is necessary that the taxation, on native products should be lighter than that for foreign made goods in order that the Chinese, merchants may be able to cope with the foreign-ex." For goods produced in Chi prizes should be granted as an encouragement to the native makers. Such goods should be taxed lightly 30 as to relieve the Chinese merchants of unnecessary burdens. In foreign countries, heavy customs dues are paid on imported goods, prizes are offered to encourage local production, and exporters have to Pay: very light taxes. Imported goods in such countries are faced with considerable competition and serious handicaps "which force the prices up and which makes it difficult to sell them.
If we wish to place ourselves in
Text read from the printed page and cleaned; old type leaves the occasional error.