Peking, Nov. 21. tive was issued to-day on the policy issd mandate by the Chief Bxedue of consolidating domestic and foreign loans to the following effeet:—"An national revenue has not been enough to cover national expenditure and thus the State has had financial: obligations to make 00d, loans have ahd to be contracted and it is necessary to maintain the financial credit of the State by refunding those loans and obliga. tions as agreed upon. However, for so Tong time has the revenue' not been enough to meet expenditure, that while the State has been able refund those loans which have been secured as agreed upon, other kinds of obligations' have not been settled, The Department. of nance and other special organizations of the State have tried to effect consolidation of them by con-'The sultation with all concerned but without success, Therefore. it is ordered that the Department of Finance shall study adequate mea-tures to consolidate these obligutions, in consultation with the Commission to Consolidate Finance, to effect responsible con. solidation of domestic nnd fotelgi Jeans with China's creditors—and rusintain the financial credit of the State—Eastern' News Agency.
Text read from the printed page and cleaned; old type leaves the occasional error.