Nanking, May 26.
Owing to overwhelming business, the "National. Financial Conference has decided to postpone its, closing ceremony to" Sunday. afternoon, Instead of "Sunday morning as originally scheduled.
Nanking, May 23.
The third day of the National Financial Conference was mainly devoted to the examination and dis~ cussion of proposals by the various committee. "The second committee, Sealing with proposals for ther form of the business tax and aboli tion of miscellenous and exorbitant levies met at 10 o'clock this morning under the chairmanship of Mtr. Chang Shou-yung, former vice-Minister of Finance and now adviser to the Finance Ministry, "The third committee continued its deliberation on. proposals regarding Improved methods for the collection of tobacco and wine taxes, while the fourth committee discussed measures for the relief of rural districts and establishment of land banks in the afternoon, meeting of the three committees ws held at the auditorium of the Ministry of Finance, when they examined and studied the proposals for the Feduetion of farm taxes.
Mr, Lin Sheng-chi, Commissioner of Finance of the Shensi Provincial Government, arrived at Nanking from. Sian last night and reported hig arrival at the Conference this when he participated in to-
May 24 In an inspiring speech on the subject of abolition of exorbitant levies and. miscellaneous to-day's session of the National Financial Conference, Dr. H. H. Kung, Minister of Finance and Chairman of the Conference, stressed the point that one mist not kill the goose that lays golden eggs. In devising means of the Government income, the author ities must bear in mind always and above all the interest of the people. Following the speech, Dr. Kung read telegraphic message received from General Chiang Kai-shek wishing the conference success.
This afternoon's session of the conference lasted until six o'clock. The main subject of discussion was abolition of exorbitant levies and miscel-ancons taxes, Another important subject occupying attention of the ses~ sion was the proposal of imposition fof business tax on foreign firms as Submitted by the Department of Finance of the Shantung Provincial Government. Tt was pointed out that only equitable that a foreign Dusiness tax should be imposed, since Chinese business is being taxed, A Fesolution was passed that the Minis-
When the fourth plenary session of the Conference opened at 10 o'clock this morning, presided over by Dr.
Kung, the four committees held Joint meeting to deliberate upon the results of. their examination of the proposals referred to them for study. Atter the proposals being considered, two important resolutions were assed by the Conference, dealing respectively with the matter of submission of District, Municipal, and Provincial Budgets to the National Government before March 31 every year hereafter, and the proposals for the reform of the method of collection. jand administration of the Business Tax. The important decision reached Jat yesterday's session was the Jadoption of the revised regulations governing land declaration for taxation submitted by Minister of Finance, Dr. Kung, himself. Mr. Wang Ching-also attended the session a8 an oh: Wei, President of the Executive Yuat
Text read from the printed page and cleaned; old type leaves the occasional error.