xviii
CONTENTS
| III. Financial Administration | |
| BY COUNT MATSUKATA MASAYOSHI | |
| The Effects of the War of 1894–95—The post-bellum Programme—Increased Taxation to meet the Increased Expenditure—The Adoption of the Gold Standard—The Sudden Uprising of Industrial Enterprises—Financial Difficulties resulting from the War—The Crisis of 1899—Further Increase in Taxation necessary—Public Loans floated at Home and Abroad—The Budget of 1900–1901 placed on a Sound Footing—The Boxer Outbreak—The Fall of the Ito Cabinet in 1901—The Burden of Taxation—The Economic Distress of 1901—The Establishment of Gold Monometallism—The Coinage System in Vogue at the Restoration—The Coinage Law of 1871—The Rebellion of 1877—The Redemption of the Paper Money and the Increase of the Specie Reserve—Japan a de facto Silver Standard Country—The Depreciation of Silver—The Difficulties in the Way of the Adoption of a Gold Standard—The Disposal of the Surplus Silver Coins—The Accomplishment of the Change from the Silver to the Gold Standard | 316 |
| IV. Financial Policy | |
| BY MR. SAKATANI | |
| The Organization of the Finance Department—The Procedure with regard to the Budget—Ordinary and Extraordinary Expenditure—The Diet compared to a Shareholders’ Meeting—The Financial Difficulties in the Diet in 1902—Brief Survey of the Financial Policy in the Past—The Encouragement of Thrift—The Condition of the Money Market—Financial and Administrative Organization—The Special Commission of 1902—Possible Future Sources of Revenue—The Third Naval Expansion Scheme and its Necessity—The Necessity for the Maintenance of Sea Power | 331 |
| V. The Financial System | |
| PREPARED BY THE MINISTRY OF FINANCE | |
| The Revolution of 1868—Early Financial Embarrassments—The Results of the Feudal System—The Impulse for Unification—The Surrender of the Feudal Lands—The Reform of the Land Tax in 1881—The Early Revenue and the Growth of Taxation—The Increase in National Expenditure after the War of 1894–95—The Development of the System of Taxation—The Growth of the Finance Department | 342 |
| VI. Taxation | |
| PREPARED BY THE MINISTRY OF FINANCE | |
| The Land Tax—The Business Tax—The Income Tax—The Saké Tax—The Soy Tax—The Sugar Excise—The Tax on Bourses—The Mining Tax—Tonnage Dues—The Tax on Patent Medicines— Customs Duties—Stamp Receipts—The per capita Charges of Taxes and Debts | 349 |
