Canton, Nov. 20, 'A cordial welcome awalts Me. T. V. Soong, Chairman of the National Economic Council, who is expected to arrive in Canton about November 25, Te will be his first visit to Sovtn China since he left Canton with
pedition ten years ago. mer the Northern Revolutionary Ex-Minister of Finance is visiting Hon kong and Canton primarily in con-ection with the reorganization and re-opening of the Bank of Canton, but it is strongly believed here that he also will assist the Canton authori ties la a more general way to put 'Kwangtung's nanees on a sound basis, 20 88 to realise some of Canton's' big reconstruction schemes, Mr. T. L, Soong, his brother, who Commissioner of Finance Kwangtung, has that the Central Government Is determined to replace Canton money with Ube national currency in the near fulure. He said inevitably there would be a big decrease in the Canton revenue this year, because the loss of opium and gambling taxes, but the—provineial budget would be balanced by a contribution from the Central Government, Mean~ while, the Finance Department would explore new sources of Fevenue, without Increasing the burden of the masses, 'Questioned about the rate for converting Canton notes into national notes, Mr. Soong said the Central Government was considering a sel tlement most' favourable the fairest to the people of Kwangtung. "Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.