China Balances Her Budget
REPUTATION OF MALICIOUS PROPAGANDA,
Received Wednesday, 10.50 p.m. SHANGHAI, Dec.2o,
Mr. So Ong, Chinese Minister of Finance, addressing the central executive committee of the Kuomintang, stated that despite the /world depression, the slump in silver which had 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 balance this year's Budget which, he urged, was a happy augury for China's future and sufficient to refute the malicious propaganda depicting China as a disorganised State verging on anarchy. Mr. So Ong 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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Horowhenua Chronicle, 22 December 1932, Page 8
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125China Balances Her Budget Horowhenua Chronicle, 22 December 1932, Page 8
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