To, the Editor of the "sNownit-CHiNA Dairy News." agreed Shanghai is feeling the think it can be generally pinch of this world depress:
The reading of your second today's "paper. S.M. Revenue, Is the writing on the wall.
Revenue for the S.M.C. could be increased if the following measures lat, A. tax of not less than 10 per Gent. on the assessed value of all Vacant land per annum until such me' ft Became developed when it would severe tothe present rated trid, Pull taxes om all vacant houses Kieved the owner of any further lisbilty to the. SALE.
If the above came into force, what would happen? would stop speculators drop temper ind "dealers indefinitely vacant property" for purposes any, thus cidentally, keeping up rents. would soon be poss Ing done, and, 2" ten promises owing to, the Imponsi Ry™ot" paying "these "increased depriving the Sal. entitled To tackle these questions we are up against vested interests, but when these interests are working to the detriment of the good of the community as a whole, then, I say, amn the vested interests, "Pro Bone Putco.
Text read from the printed page and cleaned; old type leaves the occasional error.