Nanking, Feb. 9.
In presenting a revision of the pro-Iposed regulations governing the imposition of tax on exchange transac-ions, In locks and commis at yesterday's plenary meeting of the [Legislative Yuan, Dr. Ma Yin-chu and Mr. Liu Chen-tung, on behalf of the Finance and Economic Committees, Ireported on their investigations and ithe reasons for revision of the rates, was explained that the taxon transactions in stocks (and bonds) is fto be imposed ad valorem and that leash (spot) transactions will be exempted. Different rates will be imposed on stocks according to the term (or contract.
'As to gold bars, cotton, cotton yarn and flour, a tax equivalent to one-twentieth' (or five per cent.) on the brokerage is to be imposed according [te the authorized scale of brokerage itor these commodities Cereal, wheat, yellow bean, red grain, beancake and bean all, being leither agricultural or Industrial edibles or materials, the tax on these [commodities will naturally be lighter.
tax equivalent to one-fortieth (or 2% per cent.) on the brokerage is to be imposed "according to the Brokerage scale,
Text read from the printed page and cleaned; old type leaves the occasional error.