OF HAPPY AUGURY.
CHINESE NATIONAL BUDGET BALANCED.
STATEMENT BY MINISTER OF FINANCE. CONDITIONS OF ANARCHY DENIED. (Received Wednesday, 19.50 p.m.) SHANGHAI, December 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 had increased the amounts payable as interest and amortisation 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, 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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Bibliographic details
Wairarapa Age, 22 December 1932, Page 5
Word Count
133OF HAPPY AUGURY. Wairarapa Age, 22 December 1932, Page 5
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