As from the beginning of this year the Municipality of Greater Shanghai have increased the tax on land out: side the Seltlement and Concession areas from 6 to 7 per mille. Your Jeommitiee viewed with grave concern the increase in the tax partieul-Jarly when levied upon land abutting upon extra-Settlement roads, any public amenities provided in such areas being furnished by and at the expense of the Internationnl Settlement.
As things stand owners against the tax paid can see no equivalent advantage scerning from such pay ment which Is claimed by Municipality of Greater Shanghai. After due consideration of the matter your committee addressed 9 letter to the Ministry of Finance of the City Government of Greater Shanghai formally protesting against this increase and enquiring whether all nationali-tes have agreed and are effecting payment at the increased rate.
Gentlemen, the annual meeting is the only convenient occasion during the year when we can explain to you what we have been endeavouring to do on your behalf find T trust that, after the brief outline 1 have given you of some of our work during the year, you will agree that strong association can be of great service to property owners and alo to the community general and. you will realize that in 2 particularly active year such as the one under review the costs of running the association must increase.
Text read from the printed page and cleaned; old type leaves the occasional error.