Rate Considered Too High by Local Bankers The new bank tax is being oPby local Chinese bankers, acfording to information obtained by the "North-China Daily News" in Chinese banking circles. The bankfers consider that, in view of, the ey pay the business! tax, it is unfair that they should be required to shoulder an additional burden, Mr. K. K. Lin, of the Bankers Association, on August 12 informed members of the press that the focal Chines bankers had drawn up. a statement, in the course of which they expressed their on fons, concerning regula-jons and the matter was still the subject of serious consideration, Briefly, said Mr. Lin, the statement maintained that the rate of] taxation called for by the National Government was too high for the) Chinese bankers. "If we glance] around the world," he said, "we! will not be able to find a similar high rate for bankers in any Jcountry. Japan is supposed to levy the heaviest taxation but it is only. three per cent. If banking condiypan and China are taken that the new burden which it proposed to place on our shoulders! fe more than we can possibly' endure.
"If the Minister of Finance] thinks that the new tax must be imposed, the mille' system should) bbe used instead of the percentage' system, as is done in the case of the business tax. To be fair to all, the tax must be applicable to foreign and Chinese banks alike: jctherwise, it will serve as an effective weapon to foreigners to de-|T. feat us Chinese," he stated.
Mr. Lin further pointed out that the tax on bank notes, though commonly practised in Europe and America, was applied. to the sur-lus of 'a specified amount. For tance, if the actual amount of! votes in circulation was $110,000,- 000, sind the registered amount was. $100,000,000, the bank concerned would be taxed on the surplus. In China, the Government had in the ast paid no attention to the matter of surplus and it was doubtful whether the Government was able to ascertain the exact number of notes in circulation. cordance with the practice adopted: by European and American Gov-fernments. Since the Chinese! banks have already been obliged to pay the business tax, it is unjust} that they should be expected to pay. another."
Both the International Settlement and Chinese authorities lieve that the arrest of this couple, unmagked and rendered Harmless the tentacles of one of the widespread and dangerous cot munist organizations that has to date sought to enmesh China, in grip. Only by able ingenuity and unceasing watchfulness, day and night, the police of the International Settlement able to gather togethi the threads of the net of evidence which finally brought the pair before the a number of different post box and several addresses, Noulens, lurider which name he is best know {to the public, was found in posses of funds in various Chinese banks totalling $47,500, as well as 1 considerable quai his person and in munist propaganda and—public tions, lists of names of alleged members of the Communist party' throughout China, besides other} Jdocuments which the police hold of were found the result of When first taken into custody' both Noulens and his supposed] wife, who gave her name as Vandercrayssen and later as Motte, professed to be Belgian subjects. 'Two Belgian "passports, "forged, Yowever, were found. among. their iitects "Neither of the Palf could explain to Police satisfaction their presence'in China or their business ere "with auch a. considerable amount of ashe Following' numerous interrogs, tuans by. the police and their ft court appearance, "Noulens ap. Farently Yealleed the weight and Eeriousness of the evidence. against firn and the woman who claimed his ite." He therefore. sent for "Assistant. Police Cotumissionet "P. Givens- and. took refuge in a claim of Swiss citizenship, ded {ag that hiv real name wae Germ Xavier Beuret He claimed that he yeas born at St. Leger Switzer: Tend. "He admitted that he had Swiss passpary and' refused. grr any forthe questions, ty! both the Belgian vend? Swiss faving been definitely repudiated
authorities "the "couple "were {ken te Nanking' "on ug: ust 14 by detectives and' soldiers from the' Shangha Woowung. Gen. constituted litary court on.
They will be tried by "specially charges of plotting to upset the established order of things in China on behalf of the Third Internationale, If they are found guilty, the only penalty possible under existing law is death. They will not be allowed counsel and the court's finding will be based pri marily upon the evidence collected by the Shanghai Municipal Police.
Noulens was doubly hand: cuffed, each wrist being secured to that of a Chinese vlainclothes off
Text read from the printed page and cleaned; old type leaves the occasional error.