China Balances Her Budget
REPUTATION OF MALICIOUS PROPAGANDA. United Press Association —By Electric Telegraph —Copyright. Received Wednesday, 10.50 p.m. SHANGHAI, Dec. 20. Mr. So Ong, Chinese Minister of Finance, addressing the central executive committee of tho Kuomintang, stated that despite tho world depression, tho 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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Manawatu Times, Volume LV, Issue 7037, 22 December 1932, Page 6
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133China Balances Her Budget Manawatu Times, Volume LV, Issue 7037, 22 December 1932, Page 6
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