The Finance Minister's Control of Funds and the Ten Millions:
Earmarked for Loan Service; A Question of Regular Payment or Nothing We hi received from Mr, F, Hussey-Freke, Associate Chi 1 sector of the Salt Gabelle, the following reply' to critics of the new arrangement whereby the Ministry of Finance has control of all salt funds but earmarks $1u, 000,000 annually for loan service. This is a variation of the 1913 usgreement and the statement shows why it was accepted and how bondholders stand to profit by it.
It is true that I have accepted the position of Associate Chief Inspector of the Salt Administration onder the National Government Chief Inspectors have in the ps responsibility. will cons and that the functions of the Inspectorate Service under temporary arrangement which been agreed upon will differ ce siderably from those provided far by the Reorganization Lean of 1013. the foreign banks by the District and when it is receiv el from the Minister of Finance month, Inspectorate, therefore, The principal difference lies the arrangements for the custody.
Text read from the printed page and cleaned; old type leaves the occasional error.