Nanking, Mar, 18, report that the Ministry of ays had asked the Ministry of nee to instruct the Customs Ad-ration to take over certain railway loans secured on likin, in view of the coming abolition of likin in October, is officially confirmed here.
'The representatives of the Hong-, ong & Shanghai Banking Corporation, Banque de I"Indochine, National City Bank of New York, Bank of Communications and Bank' of China recently communicated with the Ministry of Railways concerning the securities of the Hukuang Railway loan. As the National Government had decided to abolish likin and other similar taxes from October 10, the representatives of the five banks asked that the Chinese Government transfer the above obligation to the care of the Customs Administration.
The Ministry of Railways azcordily asked the Ministry of that the Customs Administration should take over the Hukuang way and Tientsin-Pukow Railway Toans, since the two loans are secured on likin and other similar taxes. It is understood that the matter is still being considered by the Ministry of Finance—Reuter.
The "Double Track" Loan Nanking, Mar, 19, The Minister of Railways, Mr. Sun Fo, has decided to appropriate £10000' and Mex. $50,000 every month from the surplus revenues of the Peking-Mukden Railway to pay off the "Double-Track" Loan adv ced by the British & Chinese Corporation.
The Minister has also decided to appropriate $200,000 from the Bel-ian Indemnity Fund for construe tional work on the Lunghai Railway—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.