Feb.
In order to prevent direct negotiations between the insurgent government and the Quintuple bankers about the salt revenue in districta occupied by the Yun-Kuei rebels, the Central Government will accept all responsibility with regard to the Reorganization Loan; in other words, the Central Government will make good any loss suffered in Yunnan and Kueichow, Foreign invest~ ors need, therefore, feel no alarm.
In view of the large surplus the salt revenue of last year, there is no difficulty in the Government's meeting any deficits in Yunnan and Kueichow this year, especially as the total yearly receipt of salt taxes in these two Provinces only amount to a little over $8,800,000.
It is believed in Chinese official circles that the insurgent government at Yunnanfu will do all in its power to avoid conflicts with the foreign Powers, and that Tsai Ao and Tang Chi-yao will not seize the salt revenue collected by the district inspectorates at Yunnanfu and boston Government troops. Kueiyangfu, unless they are utterly
Text read from the printed page and cleaned; old type leaves the occasional error.