Vice-Minister of Finance, was present at the session to report and answer the interrogatories of the members of the Yuan, Tt is understood that the proceeds of the loan will be applied to the Feform of the Salt Administration fand other urgent fiscal requirements, July 29.
Regulations governing the issue lot the proposed $80,000,000, salt loan, which were adopted by the Legislative Yuan at an extraordinary session on Monday, have been formally submitted ty—the yuan to the National Gorernment for promulgation.
"The new loan will bear interest lat 8 per mile per mensem, equival-Jent to 9.6 per cent. yer antum.
Redemption of the entire loan -is to be completed within @ period six and a half years, by: monthly instalments.—Kuo Min,
Text read from the printed page and cleaned; old type leaves the occasional error.