Nanking, Aug. 27, In regard to the proposed purchase by the National Government of -approximately $40,000,000 worth of American wheat from the Ameri jcan Federal Farm Board, it is leataed from authoritative sources that while negotiations are under way no definite agreement has yet been reached.
Tu reply to an inquiry by the National Government, the American Federal Farm Board made the {following definite proposals:
Fifteen million (15,000,000) bushels of American "of American wheat Shai "be "sold "on credit to" the National Government: for the velvet Of flood refugees In this countr (2) The American Federal Barm Boted halt sell "to. China five million 00) bu ling market (6) The money aboil be paid by the ational Government by three pave manent tobe cond. tu 1034 no-authority. to discuss the aueaion"nresard tothe frane fortaton "of uch "wheat Ameriea'to Chine, No counter-proposals have yet been made by the National Govern: ment and che American authorities the Chinese Government re still waiting for an answer
Tt is learned. fron Government circles here that there are' three problems in connection. with Proposed who attracting ti Chi nese leaders. One thing is that the Chinese Government "hopes to obtain, if possible, a. longer credit, Another thing is that the Chinese Government hopes to secure, if por lower interest. The thied problem is that of transportation, The fret two problems while urgent are not any where comparable t) the matter of transportation. The American Federal Farm Board act: fed very wisely in cautioning the National Government in the very beginning. Tf one takes the timate that forty bushels of wheat will roughly make one ton, and that 4 boat will carry from "3,000 000 tons of wheat, It will take mighty fleet to maury the' 15,000,000 bushels of wheat from America, to this country. " China certainly has not enough ships for the above pure smoothly. and it te stated. fa an negotiations are going on very
thoritative circles here that there every hope that an early agreement Will be reached on this urgent Issue, "Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.