The Archive · 1934

NANKING'S OPTIMISM

10 FINANCES

Sufficient for January: May Balance Budget in Six Months Nanking, Jan, 8

The Government Gnances are sound "condition, the Covernmend fas suiicient funds to meet its ade ninistratio, Kuomintang, and mili {ary expenditures for the month Sanuary, and. the Government budget via be balanced in six months were the optimistic state ments made by. the Minister of Finance, Dr. H, H. Kung, in am interview yesterday.

Questioned regarding the military campaign in Fakion against, the "People's Government)" Dr. Kung declared that his Ministry" already: had raised sufficient funds for this, month's operations, 'The Ministry also was devising moans by shid Rew Sources of revenue might be found without lasingr undue Durdense fon the general' public.

Dr, Kung stated that the, report hot he was negotiating with Shak bankers for a new loan of $1,000,000 was inacearate. Some time, ago, he foreluded negotiations, with. the Shanghai bankes fora loan 000,000, and the sum. of $1,000,000.

paid by them at that time, while the balance only recently w: ed over to the Government.

id, probably was for the erroneous press reports, about an alleged new loan.—Reutor.

Text read from the printed page and cleaned; old type leaves the occasional error.

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