National Government Not Yet Prepared to Purchase The reason why'China is: wot pre-dat present to.purehase the cable enterprises owstod by the Great Northern, the Eastern Extension, the Commercial Pacific and the Japanese Cable Go. in. this country is because of the unfavou'- able exchange rater, seit Mr, Wang Po-chun, Minister "of Gommurications, in the course vet an interview with memberg of: the ''Ghiness press.
Mr. Wang stated that the: principle which applies to telegraph and cable enterprises in Japan is one of government ownership and'Chiaa will follow Japan's "policy in this respect.
However, he said, hina Is not yet prepared to puréhage the foreign-owned telegraphoekterprises because she will wuifer "grat financial losses on acoomit vf ithe present silver slump, Butthermore, too many kinds of Government bonds had been floated and it would be unwise for the Chinese Government to float another huge Joan at the present time to raise funds for the purchase:4f the foreign-owned telegraph edterprive:
Nevertheless, Mr. Wang eonchuded, as soon as the spowetfal inter national wireless étdtion at 'Chenju is completed in'tmomoaths time and when the rates are more favaurable'to' Chin, the Chinese Goverament will devise means to raise funds (to purchase the telegraph enterprisee: now: ow2- ed by foreigners.
Text read from the printed page and cleaned; old type leaves the occasional error.