A BALANCED BUDGET
CHINA'S FINANCIAL AFFAIRS HAPPY AUGURY FOR FUTURE Press Association—By Telegraph—Copyright. SHANGHAI, December 20. Mr T. V. Soong, Chinese Minister of Finance, addressing the Central Executive Committee of the Kuomintaug, stated that, despite the world depression, the slump in silver, which largely increased the amounts payable as interest, the amortisation of foreign loans, the non-remittance of revenues from Manchuria, and other drains on the national Treasury, China was able to halanco this year’s which, he urged, was a happy augury for China’s future and sufficient to refute the malicious propaganda'that depicted China as a disorganised State verging on anarchy. Mr Soong predicted further improvement in future if China’s military expenditure is kept within reasonable limits, as it has been this year.
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Bibliographic details
Evening Star, Issue 21292, 22 December 1932, Page 9
Word Count
123A BALANCED BUDGET Evening Star, Issue 21292, 22 December 1932, Page 9
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