CHINA’S FINANCES
A BARE TREASURY MORTGAGE ON REVENUE PROTEST FROM BANKERS (By Telegraph—Press Association—Copyright) Received Jan. 14, 10.55 p.m. SHANGHAI, Jan. 14. Sunfo. son of Sun Yat Sen, one of tho leaders of the new Nanking Government, told representatives of the China Press that the Treasury was absolutely bare and that the revenue is mortgaged for years to come. An emergency National Council is being formed. A later message says that the Chinese bankers met and protested against tho proposal to declare a moratorium for domestic bonds. In view of tho seriousness of the situation the few leaders remaining in Shanghai arc proceeding to Nanking to endeavour to establish a Government by commission.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19320115.2.71
Bibliographic details
Wanganui Chronicle, Volume 75, Issue 12, 15 January 1932, Page 7
Word Count
113CHINA’S FINANCES Wanganui Chronicle, Volume 75, Issue 12, 15 January 1932, Page 7
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.