The Archive · 1929

Hukuang Loan

Holders of Mukuang Lo ally' much annoyed. fi They. an "cannot got Which was due tobe 15th instant, although it im the Group Banks. It will be remembered that at the besinning this month the Kuo Min news agency dia statement that, as the ived in sullieieney, the Chief the Salt' Gabelle had ino the Group Banks in Shang hai on Monday, June 3, a sum of $1,475,000, "enough to" cover the niount of 10k, Ths, 950,000 due on the Hukuang -loan. The message 10 leseribe how the pro-thy quota, as fixed by try at Finance for the: loans secured on the were steadily increas ies trid must contees were How Manchuria, which paid nothing in 128. Ah this. was very sat factory, and in fact we understand eis now enough in the Banks to pay on two altogether being an, on inquiry, being that the requisite formal order has not set the only instance of dilatoriness and ved tape, On June Standing Committee of the Central Executive Committee of the the "Herald" yet the necessary onder has Poached the Post Office This order, as we wd, has to travel through three or four different offices before 8 at accomplishment rit has stuck somerher sch intention or mere Ines cratic delay, we da not know. The result isthe same, namely, that whereas the tam has been legally cancelled, in fact it remains in operation. AN regards the Mu.

Kaan the delay tends to wussly upon China's edit, which the inst the monthly pay collectorates was to revive.

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

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