The Archive · 1928

Not Authorized by Ministry

of Finance When seen last Friday with regard to the above telegram, Mr. 'T. V. Soong, Minister of Finance, said to representative of the "North-'Chima Daily News," that he knew nothing about the matter and was pecially puzzled as the Director of the Salt Administration of his Ministry was ut present in Peking holding conversations with Mr. Hussey-Freke, the Director-General Peking, July 1

The situation in connection with the Salt Gabelle continues to be the subject of very serious discus-siena between Mr. F, Hussey-Preke of the Salt Gabelle and foreign diplomats and financiers, It is pointed out that the breaking up of the Salt Gabelle would not necessarily affect the Rear ganization Loan of 1913, on which the interest and amortization have been met for several years from the Customs, not the Salt Administration, and which was paid to bondholders as promptly as _usi yesterday, from the Customs, The loans chiefly affected would be the Crisp Loan, the Hukuang 3 Loan and British and French loans on which China is already de-

The above-mentioned authorities of the opinion that the Nation-

Text read from the printed page and cleaned; old type leaves the occasional error.

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