Word: china
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Dates: during 1920-1929
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...second Yuan is that of Justice, headed by the great Chinese jurist Wang Chung-hui, onetime representative of China on the World Court. The third or Legislative Yuan is a large council of from 49 to 99 members, with parliamentary initiative. The fourth and fifth Yuans are those of Examination ("Civil Service") and Council Control (having powers of impeachment and audit...
...China's tariff has been for centuries not a national but an international affair. Most of the loans by foreign states to China have been secured by mortgages on her tariffs. Until recently these mortgages were further secured by placing the collection of Chinese tariffs in the hands of foreign officials. Last week, however, the new Nationalist Government moved to alter this situation and announced a new tariff schedule, effective...
Some months ago the Nationalists served notice that they would no longer tolerate foreign control of China's tariff machinery (TIME, June 25); and last week it appeared that no Great Power except Japan would challenge China's present determination to fix her tariffs without foreign interference. The new schedules provide an average tariff of 18%, as opposed to the former 5% plus 2.5% surtax. In defending this sharp increase Finance Minister T. V. Soong declared, probably quite truthfully, that the new Nationalist Government is "in imperative need of funds" to liquidate their Civil War Debt and carry...
Significant is the fact that last week Occidental businessmen in China who had feared that the Nationalists might clap on a 50% average tariff, were relieved when the figure announced proved to be only...
Eugene O'Neill, playwright, disappeared last week. He was heard of in Shanghai, where he was suffering and recovering from a slight nervous breakdown and bronchitis. Before he disappeared, he wrote a letter to his physician, as follows: "I came to China seeking peace and quiet and hoping that here at least people would mind their business and allow me to mind mine. But I have found more snoops and gossips per square inch than in any New England town of 1,000 inhabitants. This does not apply to American newspaper correspondents who have been most decent carrying...