Sir Francis affirmed that all coeds, irrespective of their provenance and ultimate disposal, should de allowed the protection' of the transit pass, "In regions where! Wikin "barriers luxuvinte,"" he said, "they maintain kin tariffs at rate slightly below the legal transit dues to induce the fercigm merchant to avail himself of lis option to pay likin at every barrier passed. Taey puss the word to likin underlings to be strict in the examination transit pass cargo, and hints of this description are acted atd improved "Competition of this kind is the death of trade. Remove it, and what will happen? The Provincial Governments are too sensible to maintain s costly and somewhat inefficient administration to collect revenue which can be collected for them without an7 trouble or cost; transit dues will take the Last Payments As regards the phrase able period of grace," it can scarcely argued that this has not elapsed, for the Tientsin-Pakow loan has been in default for five years, while the last payment in respect of the Hukueng Railways was of the coupon which fell due on December] 15, 1926, The default in rogerd to the Tientsin-Pukow loan amounts to $4,000,000. while: that of the Hu-Kwang Railwaye is £1,800,000.
There is little general conviction that likin will be abolished de facto at any early date even if it were legally to pacs out of existence.
pointed out that the revenue raised by this means was considerable, and that the Chinese provincial officials are unlikely to surrender their Iuerative likin stations without No great sacrifice would have to be made by the Central Government. Sir Francis Aglen estimated that while transit dues collected by tthe Maritime Customs did _not exceed $4,500,000, the benefit from ultimately increased revenue would be out of all proportion to the sums involved.
Text read from the printed page and cleaned; old type leaves the occasional error.