Nanking, Dec, manufactuivers in Shanghai, there in In spite of protests from Chinese hho indication that. the Ministry Finance will rescind the orders me creasing the consolidated taxes cigureties, matches and cement, ance, while tt, Kung to ade ance' the Government's revenue Ili order to meet the annual deficit of '$120,000,000, emphasise that the in= 'd'taxes ave by m0. means According to the Ministry Finance, no less, than, $800,0 worth of cigarettes is consume China every year. The high rate of consumption is cited as an. Qrgus ment in favour of the increased tax, although it is considered far below, fhe'rate prevailing in other cout To Minimise Smuggling With a view to minimising, the possibility of cigarette smuggling, of Finance has pro: swornment the follows 1, Tobacco factories should be confined to the four districts of Peking, Shanghai, Hankow and Teingiao, Factories outside these places should be asked to remove Within a stipulated period, upon the expiration of which the Government wilt have the right to, take them, over with due compensation, 2. Licences for new tobacco fucy tories are to be issued only, to con cerns capitalised at no less than 500, 3." Sale of all home-made cigarettes is to be strictly pro. hibited, With regard to, cement, pointed out in offlelal circles that Eithough: much progress has been made by, the cement industry China, urices have been increased by.
to's barrel, while the tax Sement ite for a" considerable time remained at $0.00 barrel, tense, ie"e considered equitable: to rains the tax t0 $1.30.
the increased tax.on matches, it learned, applies to both China find foreign products. Apavt from the question Of raising revenue, the Increased tax ie fifo dengued sone" cota extent he estimated "to involve" $100,000,000 importation, "of foreign maidies, paid a great tribute to the Marquis: [for his great invention.
Text read from the printed page and cleaned; old type leaves the occasional error.