An application from the China Red Cross Society for full remission of General municipal rate in respect of its premises Nos. 42, 44 and 026 Kiukiang Road was submitted to the Finance Committee of the Shanghai Municipal Couneil_on September 9.
The Committee noted that these premises were used for storage Durpeses and as the headquarters of a Society, whose activities extend throughout the whole of China. Since the Council's defined policy did not provide for the ruption from. taxation of premises utilised for such purposes and as members considered that a dangerous precedent would established by making an exception in this case, it was recommended that the application, of the China Red Cross. society for exemption from taxation on the premises Nos. 42, 44 and 026 Kiukiang Road be disapproved.
ALits meeting on Sept. 14 the Municipal Council concurred in this j decision.
Text read from the printed page and cleaned; old type leaves the occasional error.