Word: likins
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...troops in the field, like the sap in the trees, are stilled. Last week rebel troops were sufficiently frostbound to allow T. V. Soong, China's able, Harvard-trained Finance Minister to promulgate a law for which he and foreign traders have been agitating for years. The likin or tariff on goods shipped from one large town to another, will be abolished Dec. 31. Small in itself, red tape and the juggling of likin rates by provincial collections to allow for "squeeze" have held up and reduced the shipment of goods, have helped stifle the development of China...
...tariff is not to take the place of the abolished likin. Minister Soong announced last week that provincial governments will have as a substitute a new "business tax" to be levied on a sliding scale of 1/5 to 1/10 of 1% of capital invested in the respective provinces...
...Powers represented at the Customs Conference signified "on principle" their willingness to grant China customs autonomy in return for the abolition of "likin...
Surprise was expressed by the delegates when reports were read in which it appeared that the Tuchuns (War Lords) in the interior of China have been levying "special taxes" of their own which are double or triple the "likin." The fact that the Tuchuns are strong and do as they like, despite the feeble reproofs of the Peking Government, is of course the great argument advanced by Britain in contending that tariff autonomy cannot be proximately granted to China...
...China to be allowed to write her own tariff schedules after Jan. 1, 1929, and to agree in return to abolish the internal "likin" (transit duties) and other trade taxes; this arrangement to be embodied in a new treaty, supplanting the present customs treaties between China and the Powers; the actual collection of the customs money to remain in the hands of the Powers as at present...