CHINA BALANCES BUDGET
HAPPY AUGURY FOR FUTURE. FURTHER IMPROVEMENT PREDICTED. Shanghai, Dec. 20. Mr T. V. Soong, Chinese Minister of Finance, addressing the central executive committee of the Kuomintang, stated that despite the world depression, the slump in silver, which largely increased the amounts payable as interest and the amortisation of foreign loans, the non-remittance of revenue from Manchuria and other drains on the national treasury, China was able to balance this year’s budget, which, he urged, was a happy augury for China’s future, and sufficient to refute malicious propaganda depicting China as a disorganised state verging on anarchy. Mr 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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Hawke's Bay Tribune, Volume XXIII, Issue 10, 22 December 1932, Page 6
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123CHINA BALANCES BUDGET Hawke's Bay Tribune, Volume XXIII, Issue 10, 22 December 1932, Page 6
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