The Archive · 1932

Immediate Revenue Loss

These measures have caused a heavy. loss of revenue, which the Government could ill afford, but it is hoped that they will be eventual. ly justified by the resulting benefit to domestic trade. Aside from the loss of $80,000,000 of national and provincial revenue from likin. proer, revenues amounting to nearly $20,000,000 were given up as shown by the' following' statement of receipts in 1930:

$6,208,000 2/305)

'348,000 dues 9,908,000 re 000

'A further measure of simplify was the abolition of the distinetion previously made between the lied 5 per cent. duties and

internal loans fad een cha specifically on the 5 per cent. the, ational deny," Gaia

after. meeting foreign loan and in Gemnity service. The internal debt reorganisation of February, 1982, rade the service of these loans. a part of the general charge on cus toms revenue for internal debt ser-Vive, and the distinction was abolish cclaeof March 33032. "This step materially simplifes customs pro-

China, along with other countries, has greatly suffered from dumping of cheap Japanese goods in conse, quence of the rapid fail of the yen and therreeklese attempts to export at any price marder to obtaly a favourable balance of trade. This duriping constitutes a grave threat! to the existence of many of our'infor relief have been made to, the gustness and numerous applications National Government,

Text read from the printed page and cleaned; old type leaves the occasional error.

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