Tokyo, Apr. 6.
In support of the Government's effort to enforce the price control policy under "war time," the Japanese Chamber of Commerce and Industry will establish a Commodity Price Committee, it was unanimously de. cided in a session of Standing Assembly members yesterday.
Selection of the members of the newly-projected Committee will be entrusted to Vice-Admiral Takuo Gode, I.J.N.R., President of the Japanese Chamber of Commerce and Industry. Executive officials of twenty Chambers of Commerce and Industry in, Japan, including the thirteen largest cities, will be nominated as candidates for the Committee. These executives are now engaged in compiling price commodity statistics—Domei New Tax Policy Explained Odawara, Apr. 6. St ization, ce-ordination with industrial. policy and simplification of rates 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 last night on a train bound for Osaka where he will attend a conference of trust companies and banks today and tomorrow.
An investigation committee held its first meeting yesterday to consider broad changes in the tax system, he said. Concrete 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 to 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 TE
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