The manufacturer has to advance the tax,before commencing the manufacture,and is therefore under a necessity of having larger accumulated fund than is required for,or is actually employed in,the production which he carries on.

• 制造商必须提前纳税，在开始生产以前就纳税。因而制造商拥有的资金，就必须多于生产所需要或实际使用的资金。