Nanking, July 22, Encouraged by the success which has attended the enforcement of national budget for the past, fis year, the Central Political Council! has passed a resolution calling for the enactment of a Budget Law in order that the national budget may beaut on a legal basis.
Te may be noted that although a national budget was in force during the past fiscal year and % sew one is now in process of preparation, it can not, however, be claimed that they have already' eneriged from the experimental stage. It is expected that the enactment of the new law
the budgetary system in' the Central bung abet the intraucion as. well as" various grades of local Kovernment a the evuntr:
According to the general pr ciples adopted by the Central Politieal' Counci for the guidance of the Legislative 'Yuan' in the dratinge of the new. Law," an annual budget must be compiled for the Central well as various grades of local gov ernment onca during every. seal year, which will commence on July }and.end on June 'i of the follow. ing year, The Duigets "are to" be divided into the National Budget (for the Central Government) and neal Budgets (for the local cove! nents). They are also to be classi Tied. into (1). general budgets, (2) subsidiary budgets. for various sroyernment organs and (3). subsidies Wudgrets drawn up according Jus sources of national revenue.
no Ain, It seems that the intention of the [Government is. to proceed with the imposition of the levy. for revenue Purposes. it is pointed out that the system is in force in certain other countries, The date, Seplember six weeks hence—is that on which shipments liable to the new certiicates are made at the ports of of gin. That is to say, the levy comes into force at those ports on September land not at China ports, where scrutiny of the invoices under the regulations will begin. only "when imports shipped after that date start to arrive, 'The number of Chinese consular offcinls abroad ° is very. small 20 the question arises whether, in the short space of time' available, Fangements can be made for' the smooth institution of this entirely new system, "If, as seems inevitable, the staff at present available. f performing the necessary duties in countries of shipment is unable cope properly with what must be a [tremendous influx of work, much dislocation of trade, both hexa and there, certainly will result, Tt is thought that various Yepresentative bodies here and else! Jwill take urgent cognisance of this decision. Apart altogether from the time factor, the wording of the regulations is, in many respects, 20 obscure that' some elucidation' of effect in certain particulars be necessary to. prevent mise understanding and consequent. emnfusion, "Although, therefore, it isrethat the Government prob will proceed with the scheme, it view of its financial necessities, the opinion is prevalent that some eps will be taken to impress on the aithorities the need for possible postponement in order that a clear-evt Scheme, devoid of ambiguity and directed' by' fally manned consular establishments, may be put into effect.
Text read from the printed page and cleaned; old type leaves the occasional error.