The Archive · 1928

New Taxes and Regulations

sorts of new regulations in the Rai 'a8 well as introducing all is raise the Wind, for officials ae badly pa and they have to keep up an appearance and spend a good deal in entertaining. Russians are getting Died, whenever it is possible, and absurd charges are often mad against them from which to get free they have to pay pretty heavily.

Russian property-owners have now a great difficulty in selling their buildings on account of the formalities attached to the transfer of the land which had originally been bought from the Railway. No fuss is made if the buyer is a Chinese, but the transfer is full of culties i€ the purchaser is a for-r. The reason of this is principally on account of the Japanese, having during the Inst few years, acquired the best built houses in th city, and mostly for speculative Purposes and through mortgages which the Russians have been unable to repay.

As the Chinese realize that for-igners are still necessary for the welfare of this growing town and that they indirectly do a great deal for its growing prosperity, and that to prevent them from having real estate can do no good in the long. run, they are likely to modity their i policy as to the acquisition of proerty.

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

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