London, Apr. 28.
The production quota.for the second half of 1996 will be 65 per cent, cording to a decision reached by the International Rubber Regulation Committee at a meeting to-day.
The next meeting of the will take place on June 30.—Reuter of silver holdings in the Government} banks was mainly due to their purchase of the while metal at a premium were scouted here by a spokesman of financial circles.
The ulterior motive for the cir culation of these rumours, the spokesman said, was to try to discredit the efficacy of the new Governmental currency system, hoping thus to cast fan unfavourable influence on the Sino-American talks in progress in Washington regarding currency ques tlons.—Central News.
Sino-American Discussions Washington, Apr. 22. question of a loan or credits for China in the United States has risen in the discussions between the Secretary of Treasury, Mr. Henry Mongenthau, and the Chen mission of Chinese bankers. a spokesman for the visiting delegation said to-day. spokesman, have smoothly and satisfactorily, but thera nothing to announce yet. Considerble statistical studies have charact-erizod the discussions, he said.
Dr, P, W. Kuo, a member of the mission and special representative of the Chinese Bureau of Foreign Commerce, discussing the somewhat sep-atate work he has undertaken while here, said he had studied many trade reports and other data but had rumours e was arranging to) Teached no) conclusions. He discounted purchase railway equipment in the United States. Such arrangements. it perfected, would be handled through the Ministry of Railways he declared.—United Press, secured on the Customs yield only about 5% per cent. per annum, whereas the domestic leans yield nearly double as much, The burden of the foreign loans of China is not heavy, compared with the wealth of the country, and the wisest course, therefore, is for China to maintain and to improve her credit, This pears to be the policy of the Chinese Government and I welcome the efforts which they are making to settle isting defaults'
No Tripartite Agreement With regard to the reported plan of ce-operation between America, Great Britain, and Japan for the assistance of China, Sir Frederick said he hod no knowledge of any such tripartite agreement. "Our interests in China are to promote peace, stability, and trade. 1 believe these would be in the interest of all other countries, and their co-opera tion for these purposes is much to be desired. Ca-operation with Japan will, of course, be especially helpful, but'no arrangement has been made. T have heard nothing of the sug-{gested tripartite arrangement _between the United States, Great Bri tain, and China."
Regarding Customs revenue, and the "reported effect of extensive smuggling, Sir Frederick said that to date the Customs revenue had not been affected. Of course, this would be much higher if legitimate duties were pai London Comme:
London, Apr. 23.
The City Editor of "The Times" comments to-day on the interview at Shanghai in. which Sir Frederick amount of 70,000 yen, "of this amount, it' was learned lat the railway administration would bear 15,000 yen while the Ministry of Railways would be re-[sponsible for 85,000 yen monthly.
"As to the business conditions of the railway, It was learned that the od-ministration receives on the average Jo, monthly revenue of $80,000, which barely enough to make both ends With the recent reduction in both passenger and freight rates on the Tine, it is generally expected that trathe business will gradually pick wp. Central News,
Text read from the printed page and cleaned; old type leaves the occasional error.