Special surtaxes are levied on imports to meet the interest and redemption charges on the loans raised for the execution of these important works.
Provincial revenues are drawn from provincial property, school taxes, tolls and surtaxes on land and buildings.
The provincial surtaxes may not exceed 5o% of the quotas levied by the state.
The President was insistent upon the need of repealing the excess profits taxes and reducing transportation taxes and income surtaxes.
Surtaxes were imposed on imports and exports to meet the expenditure, and work was begun in 1901.