Shanghai, Oct, 1, Beginning to-day salaries of Gov-Jernment employees and interest Jdeposits and bonds will be taxed in accordance with the Central Government order. Other items listed In the Income 'Tax Law will be taxed beginning January' 1 next year, Both the Chinese Bankers Asso-lation and the Native Bankers Asso-clition are studying the details of the law and measures for the collec tien, of the tax, Meetings by the organizations will be held in due course. Recommendations for the amendment of certain regulations have been suggested and If approved by any of the two associations will be submitted to the Government for consideration, 'A branch office of the Centrat Income Tax Bureau is expected to be established in Shanghai to facilitate the collection of the tax.
Text read from the printed page and cleaned; old type leaves the occasional error.