The Archive · 1936

Yunnan Air Line Abandoned

N.A.C. Withdraw Staff to Chungking rose A Comesroseent china J Jookng more and more Chungking, Nov. 20,

he ait as a means of transport. The Eurasia 'Aviation Corporation recon submitted a request to the Seechuen Provineiol Government tha cods entering and leaving the prov. Ince by' alr should be exempt irom {ocal taxation. While this has been found to be out of the question, a 40 per cent. reduction has been granted, 50 that goods carried. by plane now only have to pay 00 per cent. of the ordinary taxation rotes. The Chung. King Tax Bureau has been instructed accordingly.

On the other hand, the China National Aviation Corporation has temporarily abandoned the 'Chungking. Yunnanfu line, after efforts to make this alr mail service' success had resulted 'In repeated failure. The office in Yunnan. has been closed fand the' slait transferred to Chungking. "AS things. mow stand, those wishing to travel by alr from Yunnan-to Shanghai fly to Chengtu by the Eurasia "Aviation Corp. plane. and

machine, thence to Shanghai bythe CHAS.

'A ruling by the U. $. Court for China in July, 1094," is" having an Important effect here, The Chung. king Bankers' Association has received warning from the Central Bank of China," Chungking" ranch, {0 the effect' that by this ruling the maximum rate of interest obtainable Toans to American citizens is 8 per cent pet annum, Anything in excess fof that will be considered fliegal and claim for it will be heard by the Court, The rule is sil in force, says the bank, reminding the bankers to take due notice of the fact

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

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