Int. T. Y. Soong on Re-establishing China's Credit Nanking, Mar. 21, Mr. T. V. Soong, Minister of nance, mas interviewed to-day by representative of the Kuo Min News Agency with reference to the statement in his report of March 1 to the Central Executive Committee that it is expected that in the course of the present year it will be possible to formulate a plan for debt consolidation, The Minister declared that he considers it very important to effect A settlement vith respect to the Hiebts in arrears, in order to re-establish China's credit, He stated that for more than a year—the Ministry of Finance had been engaged in an intensive study of the domestic and foreign debt situa. ton, and that plans based on. all available data are now before him, The settlement of all debts, he stated, should be effected" in accordance with a general plan be approved by the Government and publicly announced, The Ministry of Finance has no intention of dealing with individual creditors or governments except on the basis of such a plan—Kuo Min,
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