The Archive · 1936

Exemption of Land Tax

Here is good news for some one. The Provincial Government had adopted a suggestion by the Commissioner of Finance, to the effect that an exemption for the Tand-tax amounting to over a million dollars due before 1985 has been granted to all farmers who had died before that there has been a limited amount of the national eu rency. at Tzcliutsing, the amount available being largely 10, 20, 25 and So-cent subsidiary notes." Tt is me convenient for the small country. dealers to carry these, and they are of accepted by the banks for remittanees; money-changers and_certain banks. have taken advantage of all this to charge a premium on these holes when exchanged for notes of Tnrger denominations of about 1.8 per cent.

The value of the national currency" in Chengtu in terms of copper coins has steadily increased to over 23,000 cash to the dollar. Copper hoarders, All anxious to get rid of their holdings, are said to have been thrown into! a panic as a result, The suboffice of the Central Bank in North Szechuion is reported to have ended the menace prevailing there by the presence of silver half-dollars by commencing to accept them in exchange for legal tender notes, statistical report from Chenglit claims that there are 120 counties in Szechuen equipped with urban te phone services and 26 power factories in the whole province; five of the Latter have temporarily closed do Opium "War Continues Smokers are reported to be much alarmed by reports that the four aunties which are allowed to grow poppies in this province have been badly hit by the drought. Poppyseed sown following the failure of the Arst crops is said to be in a very unhealthy condition, owing to a lack of rain. As a natural consequence, the price of opium is expected 0 continue rising in the near future.

'A report that Gon. Chiang Kai-shek had ordered opium to be supplied from Seechuen to Hankow owing to a shortage at that port was absolutely untrue, declared @ spokesman of the National Military Council exclusive interview lately. The Counil controls all anti-opium measures under the direction of its President, the Generalissimo. which Gen, Chen Chi-tang had cole lected. The spokesman of the National Military Council pointed this out s another evidence of the Generalissimo's determination to uproot the vice.

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

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