London, Jan. 26.
In the House of Commons to-day, replying to-Mr. A. M. Samuel (Conservative) in regard to the Chinese Cy default in respect of railway bonds, including the Hukugng,, Tientsin-Pukow, Lung-Tsing U-Hai (Lung hai). and Canton-Kowloon railways, the Under-Secretary of State for Foreign Affairs, Mr. Hugh Dalton, stated that the proposals aimed at general liquidation of outstanding Gebts, which China had submitted fat the Nanking conference
sidered.
November, were now being) con Hie added that the British Minister, Sir Miles Lampson, had cireslarised all British creditors, with jew to obtaining @ full list of Sir tive) eked Mr. Hugh Dalton to see that the £3,000,000 Boxer in-J demnity was not parted with until Yhese Chineze obligations had been fulfilled.
Mr. Dalton replied he did not remember that that point had been advanced on behalf of the Conser-votives in the recent debate on the China Indemnity Application Bill Reuter, going to Nanking but the Chinese newspapers fear that, owing to the consequent loss of local revenue, the local authorities will soon impose. new forms of taxation to meet expenditure, thus rendering the consumers' ' position worse than. when likin existed.—Router, The Business Tax The new Business Tax which is being introduced to meet part of the deficit caused by the abolition of likin will be enforced throughout, the province of Kiangsu on and after Sunday, February 1, according to an order which has just been received from the Kiangsu Provincial Government by the local authorities, already reported in the north-China Daily News", the ational Government has decided to introduce three new taxes, two of which will form part of the revenues of the Central Government and the third will be collected and
governments to meet the losses handled by the various provincial caused by likin abolition. The former are the Consolidated Tax and the Special Consumption Tax tax to be collected by the Governments will nown as the Business lection of the latter fhave™ been Regulations concerning the col-
approved by the Kiangsu. Provinial Government and, according to these, the new tax will be collected on the basis of the amount of busi" ness done by commercial houses and the total "capital of commercial houses. "The rate of the tax based on the amount of business done will bbe $1 to $20 for ench $1,000 business done and that based on the amount of capital will range from $10 to $20 for each $1,000, All business houses carrying "on, business Kiangeu province will be "subject to the new tax, excepting: those with 4 total capital of Tess than §500 and others exempted by order of the Central Government.
In an order to the local authori" ties, the Kiangsu Provincial Government says that district and city Kovernment must organize bureaux without delay for the collection of the new tax such collections to take Hlace at the end of each calender month, AS soon as the new tax "is introduced, commercial houses must apply tothe Busi ness Tax Bureau in their respective cities for business Which must be renewed tinually, Merchants failing to apply for licences of to pay the busi ness tax will be find and thave failing to pay the tax for three con. secutive nionths be torved to suspend business. Shops furnishing incorrect reports as to the amount of their capital or the amount of business done will likewise. be "fined, the amount of such fines to be deter mined in accordance with special regulations to be drama up par
Text read from the printed page and cleaned; old type leaves the occasional error.