CHINA’S OBLIGATIONS

Evening Star, Issue 20028, 20 November 1928, Page 9

CHINA’S OBLIGATIONS

REMINDER TO NATIONAL GOVERNMENT STATEMENT BY POWERS (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, November 19. (Received November 20. at 10.30 a.m.) Tho Foreign Office has issued the following statement, which has also been given to tho Press in China “The Chinese, French, and British Ministers and the Japanese Charge d’Alfaircs have taken note of the statement of November 1G issued by the Minister of Finance of the National Government of China dealing with tho question of service Joans secured on tho salt revenue. From this statement it appears that the Minister ot Finance has made a fundamental alteration in the functions of the chief inspectors of the salt gabellc as laid down in the reorganisation loan agreement of 1913, and tho French and British Ministers and tho Japanese Charge d’Affaires are instructed by their Governments to make it clear that it must not he implied that those Governments accept the Minister of Finance’s scheme as a satisfactory alternativi to the arrangement prescribed in the loan agreement, “If the National Government of China should vary by unilateral action tho terms of the international agreement the responsibility for any consequences which may follow from such action must rest on its shoulders, and in particular it must take full responsibility for liquidating all loans secured thereunder, whether the scheme which it thus proposes to bring into use proves' successful in producing the requisite amount of revenue or not.”