"Likewise. it tx Important for the government to study carefully the direction taken by the proposed in-ase. At present, the moneyed lass is the principal object, but the nerense must' be extended to the larger field of people with small in-
5000.00.
5 A Increase im the sake, sucae petrol taxes: which ts expected' to realise of the transit tax (on. the Otherwise, the revival of old toxes and the creation of new taxes in principle will be confined minimum. pens prof taxes are, not 2 The land capita tutorest gri bun Treredied," Dut no decision "has been reached. om the gx on the capital Gteductions eC the"present ¥.1200 exemption limit for aseasment of the {iirdcelors Income' tux" probably is measure, however, i key to postponed, as its. enforcement would realize probably no more than '¥.,000,000 at the cost of widespread social effects As soon as drafting of the tox programme has been completed by the Finance Ministry, the project will be transferred for further study to the Taxation System Inquiry Commission Jond only after approval by that mis-lon will It be presented to the Diet. Router.
Statement by Premier Prince Konoye "The present law places. a heavy tux on corporations and wealthy persons have double or treble levies. Private incomes are also heavily axed, the minimum income subject taxation at present is now too ili. -Tt_must be lowered," he said.
Referring 10 stricter control over business. Baron Gob declared that the Government had not been intel-Ngent in Lis endeavours in the past.
"T_nm absolutely opposed to mea stres which radically change the existing economic structure," added, in conclusion, Baron Goh said:
"There is another important matter ow which T want to warn financiers and businessmen. 'That is the treatment of soldiers returning from the front. 'This is an important but alm cult problem which the Government is now studying. Demobilization is delicate' affair, which affects many ther points, particularly the hough" problom."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.