of Loans Tokio, June 18, The Ministry have adopted a policy of not floating loans during the current year by deciding on drastic curtailment of their predecessors loan policy, which provided for the issue of loans amounting to Y. 437,000,000, of which Y. 110,000,000 was ' for capital—rehabilitation, ¥. 104,000,000 for extraordinary military expenditure, and the balance for rehabilitation elsewhere and also for low interest funds to individual The newly announced policy, according to an official statement by the Finance Department, reduct the amount to Y. 295,000,000 approximately, which sum is being derived from Government deposits well as the recent foreign loans.
The statement of policy is warmly welcomed by business interests as calculated to accelerate the economic recovery of the country.—Reuter's Pacific Service.
Text read from the printed page and cleaned; old type leaves the occasional error.