"Impottant: Statement by Ministry of Finance: Reforms "Effected and Contributions Goming. in Well:
"Arrears of Interest antd/Priveipal: Covered "Phe' following statement" hasbeen issued by'Mr. T.V. Soong, Minister "The instructions of the National Government éf Septeniber '26,'1928, for. the allocation to each Salt Revenue District of a fixed quota for service of salt: loans. have "been carried into effect, and the. reports of the Chief: Inspectors) show that the: required amounts are: now being regularly'remitted, while.the arrears which accumulated: in certain -Districts owing to the then prevailing} political situation are also being} made up. Necessary reforms in' the: Salt Department, such as improvement Of the Preventive Service, After the "arrears "6f "principal st] the WngloiFrench' Bows, the senior Joan, have been "paid, the arrears opvimtipal Of the" Crisp 'Lean are prrid accending: to' the' following sthedble: dating'the -ekteridar "year
cerrespomiding tobe payments 798, eve ibtaiments 6 peincipl in "Septeniber 11928 and September 2029; aving Wie "eélenidar ~'year 1933,"two inbtaiments of principal, corresponding to the: payments due 'n-September, 1080 "and "Septethber) 2031; "arid aving: the cateridar "year 1934, the two instalments dae Soptimber "982 sarid "September 'W033, as -willoas the regular instal: arrangements for facilitating trans, portation, and reduction of local surtaxes; have been meeting with "In addition to the salt daty' proper, which alone'has'beon collected by' the Salt Inspectorate in the, past, the various surtaxes which h sprung up in the last few: years, now being consolidated "with salt duty proper and are also being collected by the Salt Inspectorate. Anglo-French sand Crisp Payments The Government has arranged to pay this month Coupon Nos. 41 cand 42 of the Anglo-French Loan 6f 1908, due in March, 1929, and September, 1929, respectively. Phe payments will bring up to date interest payments to bond-holders of this "loan. "Arrangements have also been made to pay this month the instalment of principal ($25 000) that was due in September, 1928. In the case of the Crisp Loan of 1912, Coupon No. #2, due Sept. ember, 1928, is being paid this month, With these payments a total £802,600, the equivalent of $9,00¢ 00, will have been paid out of 2 revenue this year for the service of, salt loans, The improved position of the salt revenue now enables the Ministry only to inlake provisions for payment of one year's obligations annually but also to adopt the following plan to take care of the "Phe!Hakumg Loan InJane ¢f this year, the' Govern. ment pid'the salt -contribation -6f Bi, Te, '80)00 Cony "SLs ODD) thay. was dae inJone, service "6¢ the Wuktang "Railway Loan Of 1911, and, in July supplementary payment of about $180,000 vas made in order to provide furs sufficient to complete the payment ut a coupon of this an. The present "plan provides that until the arrears of the salt contribution to this loa have been paid, similar supplementary pa mini shall be made s0 that a coupon jean thereby be paid in June of each year, Ve present plan, thevefere, peonent ordered ey September 26, dition provides ard Crap Loans and the Loan insofar as that loan is a Varge upon the Salt Revenue.
Text read from the printed page and cleaned; old type leaves the occasional error.