At a meeting of the Central Poli tical Council here this morning a set of regulations were adopted for the collection of excise duties after January 1, 1931, on three classes of goods, namely, rotten yarn, matches and cement.
The excise duties on cotton yarn are to be collected on the new Hai-Kwan gold unit basis, while the excise duties on matches and cement-are to be collected on. the Dasis of the Chinese national cur-
Ten¢y.
Foreign goods under the above three classifications are to pay cise duties in addition to the xegular import duty, but no other forms of taxes ate to be colleted Chinese native goods above description which are to be exported) {from China are to be exempted from the payment of Excise Duties.
The excise duly on cement is 60 cents (Chinese currency) per 380 Ws. (two picul cask).
The excise daty on matches is! $5 (Chinese currency) per large ease (7 50 gross of boxes) and '$10 (Chinese currency) for an extra] large case, The excise doty on cotton yarn is 25 Haikwan gold per 100 catties for cotton yar under 23 "Chi" (counts). For yarn above 23 "C" the excise duty is, 3.25 Haikwan gold units.
Altogether 19 classifications of goods will come under the special-_ tax. The above three classes are the frst promulgated, The other 16 are expected to be promulgated before the end of the year.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.