Sixty proposals have been submitted to the conference. At. the first plenary session in the afternoon of May 22, these proposals have been @ivided among the proper com~ mittees. These proposals cover an extremely wide field of subjects from the principal one of "Readjustment of Local Taxation," submitted by the Minister of Finance himself, to such subjects as the provision of Special Fund for Sinkiang Pro-'Vinelal Financial Rehabilitation and the Improvement of the Hsien Budgetary System in Hupeh.
"A summary of Dr. Kung's proposal follow:
Text read from the printed page and cleaned; old type leaves the occasional error.