Peking, Aug. 6. It is learned on good authority that the regulations drafted by the Financial Readjustment Commission consists of 16 items, one of which provides that all foreign and domestic loans contracted by various organs of the Central Government on unreliable security ies should be investigated ant consolidated. It is also stipulate ed that the Commission is to consist of 14 members, including the Ministers of Foreign Affairs, Finance, and Communications, as well as of Chiefs of Sections interested in finance, the Inspector-General of Chinese Customs, and representatives of the Chinese Bankers' Association at Peking, and that as advisers and honorary members of the Commission, those who are much experienced and highly educated are to be appointed.—Eastern News Agency.
Aug. 6.
The new Financial. Readjustment Commission is charged with, (1) the investigation and audit of foreign and domestic loans which: have not sufficient, security (2) arranging the adjustment and amortization of such loans; and (3) considering the Government's future financial policy.—Reuter.
Peking, Aug. 4.
The Tientsin clique appears to have emerged stronger from the Paotingfu Conference, with the result that the efforts to secure Dr. W. W.. Yen's acceptance of the Acting Primiership have been abandoned. Tt is now expected that Mr, Chang Hu will become Minister of Finance, while Mr. Yuan Nai-kuan will take up the Ministry of Agriculture and Commerce.—Reuter.
Peking, Aug. 5.
_Mr. Wang K'o-ming having resigned for the third time the post of Minister of Finance, it is reported that Mr. Chang Hu's nomination for this portfolio has been agreed upon.
Text read from the printed page and cleaned; old type leaves the occasional error.