CHINA BALANCES HER BUDGET.
A SOUND FINANCIAL POSITION. the lie to propaganda. (UJJITEp FRKSB ASSOCIATION—By U,ICTSIO aELEQBAPH— COPYRIGHT.) (Received December 21st, 10.50 p») SHANGHAI, December 20. Soong Tse-ven, Chinese Minister for Finance, addressing the Central Executive Committee of the lyuomintang, stated that, despite tlie worjd depressiou and slump in silver (which had largely increased the amounts payable as interest on the amortisation of foreign loans), the non-remittance of revenues from Manchuria and other drains on tho National Treasury, China was able to balance this year's Budget. This, ho urged, va® " happy augury fqr China's future and was sufficient to refute malicious propaganda depicting China as a, disorganised State verging on anarchy. Soong predicts a further improvement in future years if China's military expenditure is kept within reasonable limits, as it has been this year.
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Press, Volume LXVIII, Issue 20736, 22 December 1932, Page 11
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134CHINA BALANCES HER BUDGET. Press, Volume LXVIII, Issue 20736, 22 December 1932, Page 11
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