he first principle of taxation for any Government is that a tax fence levied on a commodity shall be applied without respect to persons. There have been many suggestions that we tax goods manufactured by chinese companies at one rate and goods manufactured by foreign companies at another Th Ministry of Finance has resisted such proposals as inequitable, as harmful to trade and as an impairment of the very object of the tax which is to raise revenue for the Government without destroying industry.
"Native industries should be encouraged and stimulated by every. honourable means so as to provide for our own industrial development the improvement of the standard of living of our own people. But it tion that if Chinese will organize on a Yasis, will reduce their ov utilize efficient methods of production and distribution and drive politics out of their firms, they will be able to compete with foreign firms in this country advantageous ly. It is not our purpose to grant rebates and bonuses which are Justified neither by national inter-fests nor the needs of the industry.
Text read from the printed page and cleaned; old type leaves the occasional error.