"Owing to the collection of likin the development of both home and
foreign trade has been arrested and the people are working under
great disadvantages. Hence in order to develop foreign and home
trade, the Government must do away with likin, which will bring
back business prosperity, and in time the same will enable the
Government to obtain new sources of revenues.
"From the above-mentioned considerations, the Government can
hardly develop and encourage trade without the abolition of likin.
By treaty with Great Britain, America and Japan, the Government
can increase the rate of Customs tariff to cover losses due to the
abolition of likin. The question under consideration is not a new
one. But the cause which has prevented the Government from
reaching a prompt decision upon this question is the fear that,
after the abolition of likin, the proceeds from the increased
Customs tariff would not be sufficient to cover the shortage
caused by the abolition of likin.
COST OF ABOLITION OF LIKIN
But such a fear should disappear when the Authorities remember the
following facts:--
(a) The loss as the result of the abolition of likin: $38,900,000.
(b) The loss as the result of the abolition of a part of duty
collected by the native Customs houses: $7,300,000.
(c) Annual proceeds from different kinds of principal and
miscellaneous taxes which shall be done away with the abolition of
likin $11,800,000.
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