The Archive · 1935

TARIFF REDUCTIONS

APPROVED

Interport and Export Taxes Dropped Materially Nanking, June 1.

A revision of the Export Tariff providing for the exemption or reduction of the Export Duty on over 200 different kinds of native products was approved yesterday by the Lesislative Yuan at a secret session held immediately after the regular meet-

Tt is learnt in political circles that Joss of about $18 million annually in the Customs revenue will be caused by the abolition of the Interport Duty, and the proposed exemptions and reduction of the Export Duty. The, total revenue derived from the Export duty Is estimated at about $24 million annually, of which about $3 million will be lost after en-

British Ambassador to

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

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