CHINA BALANCES BUDGET
REPLY TO PROPAGANDIST! ib.i iiwa ■HAPPY AUGURY FOR FUTURE’ ■. ? : : ■■' ■ ; w DIFFICULTIES OVERCOME HOPE FOR IMPROVEMENT ■-- • • • ■ By Telegraph—PreM Assn;— Copyright. Rec. 10.0 p.m. Shanghai, Dee. 20. Mr. T. V. Soong, Chinese Minister or 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 on 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. This, Mr. Soong urged, was a happr augury for China’s future and sufficient to refute malicious propaganda depicting China as a disorganised State verging on anarchy. Mr. Soong predicts 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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Taranaki Daily News, 22 December 1932, Page 5
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135CHINA BALANCES BUDGET Taranaki Daily News, 22 December 1932, Page 5
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