Government Issue Placed in Special Category Nanking, Apr. 21.
A set of measures for the relief of the situation arising out of the: Impositon of income tax on the me terest derived from. Government. bonds which have been pledged by: the various Government organs. as. security for toons, was adopted at the 300th meeting' of the Executive Yuan yesterday in accordance with the joint report of the Ministries of Industry, Communications measures provide that all bonds. which have Both nations, Mr. Kawagoe Phasized, must' realize that the relations can be readjusted only through concerted action, "There can be no readjustment tone parly secks to realize its own programme and that alone." Tt must be borne in mind that" these are negotiations between two parties and tone cannot have its way exclusively. There is no other way to achieve sue: cess but through the harmonization fof mutual desires," he added.
The envoy noted China's wish to abolish the East Hopel Autonomous anti-Communist Government and to put an end to smuggling, in order 10 bring about an improvement in the existing state of affairs in north China. "He intimated in this cor nection that the Chinese authorities appeared to be ready to make certain concessions on the question of the import. taritt organs. for cash loans are to be ex-tempted from income tax before the Fepayment of the loans. Tu respect of all interest which has accrued rior to the adoption of these moat fures, income tax already collected to be refunded accordingly.
Income tax will be imposed on in+ terest from all other bonds. Hereafter when the payment of income tax on the interest from bonds affects the proceeds of the loans secured on these bonds, the Government Organs responsible for the issue of! the bonds may list in their respective budgets the amounts of the Tax. payable—Kuo Min,
Text read from the printed page and cleaned; old type leaves the occasional error.