The Archive · 1936

U.S. INCOME TAX A Correction

To the Baltor of the "Nowru-Cursa' Dairy News"

HAH. Kung. printed in gout paper, Sin—The alleged interview with Dr,

to-day, and issued by" the Central News Agency, from Nanking, contains atthe feast' two misstatements of To quote: "In the United States 4 er cent. tax fs imposed onan one ual neti-income of US$1,000." 0 the contrary an annual net income of $1,000 is exempt from taxation, In the case of a single person, O5500 exempt from ax in the case married' person, For example, if a single man earns an annual came of 841,050, only: liable for the payment of tax a payment oft 'Quite b tot of aifterence between the' above, ana me Chinese Cover Tiable for taxation. in cther words rent minimum of $30 per month

the minimum. tu, Ching. if bout $100 liable for" taxation, with "mo sated amount exempt from taxation The Chinese income tax eertarily. lower than in the US, as proved by the. above gures, "Lower down the" scale of Incomes" What dropped eypher to a financier anyway, it is only when the figures on the other side of the eyphers are ference, dropped that he, recognizes a. dif

Gow Dewar, Sim—Can any of your readers offer suggestions for, the care of leather= bound books? Two years ago 1 had fa library set sent to me in beautiful condition from Europe in a Leva me binding and In spite of reasonable care the covers are becoming dried and frayed and worms have eaten their way into the leaves. As the books have a sentimental og well an. intrinsic value I should be fled to know if there is any. tre ment that will stop the deterioration, Shanghai, July 23.

Text read from the printed page and cleaned; old type leaves the occasional error.

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