Trade Journal's Comment To the Editor of the "NontH-Cuina Dairy News"
Sit—In, view of the threat that the Shanghai Municipal Council will raise the Taxes next year from 14 per cent. to 16 per cent, or equal to fan advance of 15 per cent. on the present taxation, the following extract from "The Valve World" will be of interest:—
'The National Board of Fire Underwriters "has been doing some most effective advertising under' the Eencral heading: "Taxer—You Them All." In one of its ive taxes are undoubtedly one reason for the length of the depres: sion," and, "Excessive taxes. the of prosperity. ced: income, just us moat of us have teen compelled to do," And let every ud that, mean every one on this.
Shanghai, May 15,
Text read from the printed page and cleaned; old type leaves the occasional error.