The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1919-05-13

. In, the third and fourth years of the
republic. which has now been in eY.
listence nine years, there was a rev.
enue surplus. but then some of the
provinces refused to send thir quotas
to the Central government and hence
the deficit l have mentioned. China
relies mainly for her revenue on the
salt tax, on likin, and on the coun.
'tervailing excise on home produced
wines and tobacco. There is plenty
of elasticity. or should be. in regard
to the customs. 'sse
China has no intention and -
wish to adopt for protective purposes
any tariff. high or otherwise, but she
does regard as unreasonable the fix.
alton of her import duties at S Der
cent ad valorem, since she needs adj
ditional money for revenue purposes
In the circumstances she is not like
ly TO be satisfied unless there Is
change in policy. There is, too. a,
good deal of elasticity in the land tar
which is so little standardized thar
it ranges from cent or two Der
Chinese mo in the inner province.
to tael (about SD in some others
such as Kansu.
we are aware Of the favor shown
by the British investor to Chinese
securities, but apparently some think
that the persistence of loans is sig
nificant. China will be able to avoid
recourse to Borrowing IL she In Der.
mitted to take her system OF expen-
diture in hand effectively. Probably
yoa do not know that at least so Der
cent Of the entire revenue of China
both Of the Central government ann
OF the provinces, Ia spent on military =
matters. and that Is why we feel a
special interest in one branch of ths.S
Peace conference work. If we could
only secure disarmament we could
employ the money far more profit
ably in education and in commercial
1l4A P
Tho war has had reflex effect
on China which all do not under-
stand. 1t has spread the idea Of mil
itarism. 1t has called into existence
armies both dependent on the Cen
trail government and on the provin-
cial governments; the rivalry Of mil
itary action by other powers has
caused us to spend and waste large
sums of money One of our earliest
steps should be to disband the vast
of soldiers who exist In
China, but you must first find them
and we are anxious that
the commercial exploitation of cur
,ountIy's national possibilities shalt
absorb this labor, which might 9th
srwise be a public danger. 1 think
hat if the conference at Paris rec
ommends disarmament it will afford
rs very great measure OF assistance
n our task in China.
mo doubt we shall need some
urther assistance. You will remem-
Der that the reform Of the currency
lone was arraged with the interna-
ional banks just prior to the war, n
which stopped all further progress.
After the war this is one OF the mat
ers we shall have to take in hand as
Don as possible. am also hoping
o study in Paris many other prob
ems which will be OF importance, in
ernational finance. exchange and co.
monte conditions after the war. Our
'biect is to show that China. SO far
rom being = menace to the peace Of
he world, SO far from planning mill
artist schemes. is bent simply and
olely upon peaceful commercial ex-
'ansion in which case it may well be
hat we shall be of the greatest use
o those nations who have suffered
o heavily in the struggle which ia
ust ending" lAf
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