The Archive · 1935

Japanese Embassy Transfer

Tokyo, May 24.

Conversations concerning the trans-for of the Japanese Embassy from Peiping to Nanking will be held by Mr. Akira Ariyoshi, newly-appointed Ambassador to China, with the diplomatic envoys of other countries fol-Towing return to Shanghai on June 12, it was learned to-day from rel abie sources.

Although Mr. Aryoshi is to open the Embassy's business at the Japanese Consulate-General in Nanking, political elreles believe that, for the ime being, he will reside alternately in Nanking and Peiping.

Mz. Ariyoshi will Leave Tokyo on June 6, after receiving final instruc ions from Mr. K. Hirota, Foreign Nanking, May 23.

'A. announcement that stope were being taken to introduce income and Inheritance taxes in China was made by Dr. H. H. Kung, the Minister of Finance, to-day, in' the course of comment on the 1935 Budget. In addition to bringing in more revenue, the new taxes, Dr. Kung said, would bring about 'a more equitable distribution of taxes. He said the Government would adhere to a policy of curtailing expenditure and developing sowtees of revenue, and added that the scope of activity' of the Central Bank of China would be enlarged, to enable it to assume the lead in stabilizing China's economic conditions, while efforts would be Pushed to bring about a uniform currency throughout China—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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