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Mr. Li Shih-hou, was born at Ningpo in 1880. In his youth he was well known, throughout his native Province of Chekiang, for his literary attainments and high scholarship. Being successful in the government examinations, he obtained the literary degree of Chu Jen or M. A. when he was only twenty-two years old. In 1905 Mr. Li went to Peking. Soon after his arrival in the capital he was appointed a second class Junior Secretary of the Board of Revenues. In 1908 he was made a member of the Department of Taxation and concurrently held the post of the Resident Director of the Statistical Bureau of the Board of Finance which was pre-