Nanking, June 15.
Beginning July 1, imposition of the five per cent. Customs surtax on im= ported goods will be extended for one year. A report to this effect was made by Mr. Liang Han-tsao, Secrelary-General of the Legislative Yuan, at_yesterday's meeting of the Yuat The decision was reached at a te-cent meeting of the Yuan held in camera, after which the resolution was forwarded to the National Government for transmission to the Ministry of Finance for' enforcement Kuo Mi Ao a result of investigation by the Misistry of Finance, "Ministry of Indvstries "and the National Tariff Commission, it has been considered unwise to increase the duty on foreign cotton. The reason is that, although the domestic cotton production, which was 11,000,000 piculs last year, is quite sufficient to meet domestic requirements, that needed for cotton yarn of a finer quality is lacking. The domestic mills now are in need of cotton of such a quality to the amount of shout 1,000,000 piculs a year and. a China imports only about 100,000 piculs of strich cotton each month it is considered not necessary to increase the duty on such cotton,
Text read from the printed page and cleaned; old type leaves the occasional error.