Shanghai, Feb, 15.
Mrr.-T. V. Soong, Minister of Fine ance of the Nationalist Government, returned to Shanghai from Hangchow on Tuesday afternoon after completing a series of conferences there on the financial relations between the Chekiang Provisional authorities and the Nationalist Government, These relations had been. indefinite during the two preceding administrations, causing disorganize. ation of national finances.
The result of the conferences was entirely successful and a decisive step forward in the programme the unification of national finance has been achieved, The principal results of these conferences were:—
All national taxes which have been detained by the Chekiang Provincial authorities are immediately placed under the control of the Ministry of Finance of the Nationalist Government. "These include the revenues accruing from the Opium Suppression Bureau and fisheries, 2 The Chekiang—Tronsury agrees to increase its contribution to the Nationalist Treasury out of Provincial revenues from $500,000 to $700,000 monthly and will sub. scribe to the amount of $2,000,000 of the new 2b per cent. surtax bonds, 3. The Chekiang Provisional Government will abandon the pro> Jected provincial business taxes on. cigarettes and kerosene and agrees not to levy any additional tax on these two articles, The Tobacco Tax
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