inking, May 21.
The National Finance Conference attended by 150 delegates from vari-provinces was opened this morning, with Dr. H. H. Kung, Minister of Finance, presiding, Dr. Kung stated that the purpose of the conference was: 1, To. reorganize the land tax; 2. To reduce the. surtax; 8, To. abolish. illegal taxes; 4, To Unify provincial finances; 8. To re-organize existing taxes, thereby ensuring an equal and fair distribution of the burden among the Chinese people.
Me, Wang Ching-wel, chairman of the Executive Yuan, made a brief speech in which he urged the delegates to try their utmost to solve the financial problems of the country.
Th a. speech made by Dr. H. Kung, the Minister of Finance stress-fed the importance of the following Fixation of local budgets, proper apportioning of administrate devel-lopment expenditure, encouragement ax collectors, re-organization and fbilisation of currencies, proper investment of capital for ' develop~ ment purposes, recovery of agriculture in China, development of native industries, methods to enable defence, communication and education enterprises to. become self-supporting, Thereby reducing the burden of taxpayers, enforcement of the New Life movement and ce-operation between the local and central authorities for the enforcement of the development programme—Reuter.
Improve Tax Collection afternoon adopted a resolution calling for the limitation of the activi-fes of the International Savings Society in China.
Mr. Ma Ying-chu, chairman of the Economic Affeirs Committee of the Legislative Yuan, who is also a Jdelegate to the conference, submitted an emergency resolution and made a Seathing attack on the International Savings Society. He alleged that the society had collected a total of $00,- $60.00 from Chinese since sts meention.
The resolution provides, firstly, that the International Savings Society be forbidden to take in new members, and secondly, that the Ministry of Finance investigate the society's accounts and business affairs.
The resolution was adopted by the conference, which referred it to the Ministry of Finance for early exetion.
The International Savings Society was established in 1912 and is re~ gistered at the French Consulate-General in Shanghai, where the head foftice. is situated. The society has branch offices at Bangkok, Canton, Chungking, Foochow, Hankow, Ham. bin, Mukden, Peking, Tientsin and Tsingtao—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.