"Now, the Minstry of Finance!
to solve this problem by con-Solidating the taxes on most commodities. That means that the: Ministry will collect a single tax and that the goods will pass freely the Ministry's documents or stamps. The Ministry of Finance, on the other hand, will make provision 80 that the provinces do not Jose any of their revenues as a result of this consolidation. We have completely and successfully achieved such a consolidation with regard to el rettes and petroleum. We expect to extend the consolidated tax on those commodities to all provinces. bat wherever they are being applied, conditions are beneficial alike to the National Government, the province, the distributor and the consumer. We are raising more revfenue on a reduced tax than others wore able to collect when the taxes were considerably higher.
"We expect to apply this system of consolidating taxes to many commodities in the near future. It is Possible that certain Chinese and foreign merchants may not understand that consolidation is in their interest and I suggest to those who oppose all innovations, that they study this problem very carefully before they register their complaints. 'The consumer eventually pays the tax and the merchants' problem is not s0 much that the rate should be at a certain figure as that there should be no confusion, no multiple taxation, no rebates to his competitors. Our plan of consoli fusion in taxation.
Text read from the printed page and cleaned; old type leaves the occasional error.