Interviewed, here, by the Min News Agency with respect to the silver situation and the suggestions which have been made as te intervention by the Government, Mr. T. Ve Soong, Minister of Finance, said that the Government had no intention of interfering w'ta the free market for silver which had 0 Yang existed in China, Mr. Soong said: "The nvice of silver is dependent upon world conditions, of which the local situation is only a part. So far as the present slump in silver is an outcome of conditions in China, it is due to the unsettlement of business conditions growing out of internal mil tary operations and the difficulties with Russia, "The principal remedies which can be adopted in this country are the restoration of peace and order and the re-opening of rail and water communications. The condition of the silver market adds weight to the reasons which should urge all patristie citizens to work disinterestedly for the complete unification of the country.
"With order and communications re-established, agriculture and dustry can revives the movement of goods within the country will be stimulated by the prevailing peace ani security; the export trate can flourish and the demand for silver will automatically be increased. Weather conditions this presiding good crops for the coming harvest throughout the country, will further assist in the recovery of silver.
measures that have been sugges! ed in public discussions, such ing and taxing the import could hardly be expected to have any appreciable permanent effect upon the underlying situation, Restriction upon one of the leading world. markets for silver might even lower the world price of silver.
"It has been suggested in some quarters that the adoption of the gold standard in China would tend to decrease the demand for silver. No plans are in contemplation that would involve the circulation gold coins in China, Indeed, monetary reform in this country will inevitably require a largely increased circulation of silver coins "The new mint at Shanghai with a daily capacity of $1,000,000 ready to begin operations very shortly and to furnish such silver coins as may be required by expandrade.
jerefore, my recommendation to the Government will be that any interference with the free movement of silver in this country will harmful end that the stabilization of the value of silver can best ko achieved by the restoration of peace and order and the free mov ment of our products throughout the country."—Kuo Min.
High Chinese government officials, commenting on the recent slump, are unanimous in. their opinion that the only remedy in this respect is the adoption of the gold standard in China. They say that China's imports have been always
Text read from the printed page and cleaned; old type leaves the occasional error.