Nanking, Jan, 15, It is learned that the fundamental principles under which the new Business Tax, which has been designated as local revenue, is to be collected by the various: provinces have been decided upon by the Ministry of Finance. Regulations. governing the collection of the Tax, it is understood, will have to be {formulated by the Provincial authorities in strict accordance with these principle The new Tax will be collected from less than a score of businesses including manufacturers, printers, banks, pawnshops, insurance a cies, transportation agencies, restaurant, hotels, commission agen-Photographers, amusement resorts, ete, The rates will range from'2 per mille up to 50 per mille, that, is, two-tenths of one per cent. up to five per cent, Businesses with a total capital of less than $200 and those with a monthly business return of not more than $50 as well as State and Public enterprises will be exempted from taxation—Kuo Min,
Text read from the printed page and cleaned; old type leaves the occasional error.