CHINESE ARMAMENTS
Spending American Money MINISTER DENIES CHARGE (Received 17, 1.30 p.m.) SHANGHAI, Sept. 16. An emphatic denial backed by a, statement giving an account of tho expenditure up to date, was made to-day by Mr. H. 11. Kung, Finance Minister, in refutation of the statements made to the Washington arms inquiry that China used a large proportion of the proceeds from her huge cotton and wheat lonn of 20,000,000 dollars from America for the purchase of arms and ammunition.
He stated that the proceeds had been and would he devoted to reconstruction work. Twelve million dollars had already been used for rehabilitation work in territories recaptured from Communists for famine and flood relief.
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Hawke's Bay Tribune, Volume XXIV, Issue 235, 17 September 1934, Page 7
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114CHINESE ARMAMENTS Hawke's Bay Tribune, Volume XXIV, Issue 235, 17 September 1934, Page 7
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