CHARGES AGAINST MR SOONG
DENIAL OF EXCHANGE IRREGULARITIES
(Rec. .10 p.m.) CANTON, Oct. 7. Mr T. V. Soong, replying to the Control Yuan’s charges, denied to-day that he was guilty of irregularities while Prime Minister. He ’ declared that, as president of the Executive Yuan, he was responsible only for the administration of the law, and all foreign exchange applications were carefully scrutinised before approval. “There were no irregularities, and in fact none was charged,” Mr Soong said. He claimed that China’s huge military expenditure had caused the inflation. and therefore he alone should not be blamed. He said the Fuching Corporation, the Yangtse Development Corporation, and the China Development Finance Corporation received only | per cent, of the Government’s foreign exchange allotments. “This fact should give the quietus to a report which stated that those three Corporations received the bulk of the Government’s foreign exchange allotments, and monopolised China’s foreign trade.” he added. “It was on the basis of this erroneous report that the Control Yuan made its investigations.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19471009.2.82
Bibliographic details
Press, Volume LXXXIII, Issue 25310, 9 October 1947, Page 7
Word Count
168CHARGES AGAINST MR SOONG Press, Volume LXXXIII, Issue 25310, 9 October 1947, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in