Word: tariff
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...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's interior provinces...
Under the old Chinese tariff there were five separate bureaus for collecting taxes on wine & loose tobacco, rolled tobacco, stamp, yarn, kerosene (China, unmotorized. uses far more kerosene than gasoline). The new Soong tariff may irk foreign exporters by raising all the rates, but it will vastly expedite shipments by reducing these five tax bureaus...
...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...
...feet, "there should be an Emergency Cabinet of five members without portfolio invested with power to carry through an emergency policy." This policy would be: 1) "Building within the commonwealth a civilization . . . largely insulated from the wrecking forces of the rest of the world," this by means of tariff agreements with the Dominions; 2) protection of the British consumer against increased food and raw material prices by an "Import Control Board"; 3) modernization and re-equipment of British industries under a "National Planning Board"; 4) postponement ("not repudiation") of Britain's War debt payments until the Mosley "reconstruction program...
...Bennett proposal was twofold: 1) To put a high tariff wall around the Empire, thus ensuring that the Mother Country would buy more raw materials and foodstuffs from her dominions; 2) To leave untouched the low tariff walls erected by dominions to protect their infant industries even from the Mother Country's competition, though giving her through "Imperial preference" an advantage over countries outside the Empire...