Shanghai, Feb. 26. \HE establishment of a sub-committee of the Finance Committee of the Shanghai, Municipal Council to investigate new sources of taxation recommended by the Council's Economy Committee has been accepted by the Council according to an official communique issued yesterday by the Council. The Council also released for publication a final report of the sources of revenue sub-committee of ils economy committee.
The communique follows tight of the present urgent needs for widening the fields of taxation in the Intoresis of the—Municipality's Toric so atoms alee ce aha thet ha et et eet 'With regard to Licence Fees, the 'Sub-Committee had time at its' disposal sufficient only to review the [Schedule of Fees actually levied, It was aware that certain licensable ocjcupations—admittedly a very few—for which the licensing Byelaws make Jexpress provision, "have not for reasons of policy In fact been subjected to the Council's licensing con-fol. Moreover, the Sub-Commitice {took cognisance' of the fact that the [Council has in practice limited itself fo licensing only those trades and occupations that are specifically enumerated In the Byelaws, and has regarded itself as being precluded in lis own fight from adding to the trades and occupations prescribed as Tigensable, The Sub-Committee considers that re-examination should be made of the existing policies whereunder certain trades aiid occupations whose license Jing 1s provided for are in fact not licensed, and that the provisions of the licensing Byelaws should be re~ viewed with a view to the initiating jof measures to increase the range of licensable, and therefore taxable, trades and occupations, BER rage they oth, "xqnge of licensable trated and occupy self us feltered in any way by, any Jeuat Interpretations as to the Coun-it's powers, Should the Committe Yecommend any new taxes and the Council accept the Committee's refeommendation, the Couneit will then ake every practicable step to on-force the taxes adopted, Tt is hoped that any person having suggestions to make in regard
such suggestions in writing to the new "sources of taxation will make Secretary of the Sub-Committee, Mr, 3, W, Allan, Secretariat, Administration Building, "There follows the fuit Anat report of the Sources of Revenue Sub-Committee which hax been adopted by the full Economy Committee:
Text read from the printed page and cleaned; old type leaves the occasional error.