Odawara, Apr. 6.
Standardization, ce-ordination with industrial policy and simplification yates to make' them more "elastic" Were the fundamental principles of the projected revisions in Japan's taxation system, Mr. Sotaro Ishiwata, the Finance Minister, told reporters Jast night on a train bound for Osaka where he will attend a conference of {rust companies and banks today and tomorrow.
"An investigation committee held its first_mecting yesterday (o consider broad changes in the tax system, he said, Conerete plans were expected to be formulated by the end of September, he stated. Income taxes probably will be affected most by the proposed revisions, he said, A large amount of capital will be necessary {o put into effect the plans for expansion of productive capacity, Mr, Ishiwata declared. "To. attain this goal all laws and ordinances which have been discussed in Diet sessions recently will be enforced one by one, This action will include the Invocation of Article 11 of the tional Mobilization Act and provisions {in relation to it, Price Control Tightened "the law pertaining to the raising of capital funds should be applied in consideration of its connection with the National Mobilization Act and productivity expansion plans.
"A Commodity Price Bureau to be formed in the Ministry of Commerce and Industry soon will take control of the policies regulating commodity prices, while the Finance Ministry Will enforce measures to prevent eur~ veney inflation, "Governmenial capital funds which have been put in circulation will be withdrawn as much as possible. Tt Is also deemed necessary to intensify the national savings movement.
"Development of exports is vitally necessary at present and the co-opera tion of all concerned is indispensable for that purpose. Conerete measures to make regulations governing trade between the *'yen bloc" countries less rigid are being sought by the trade and commerce committee of the Cabinet Planning Board at present."
Text read from the printed page and cleaned; old type leaves the occasional error.