Finance, to-day ordered the payment of Coupon 36 (114,890.85) of the Crisp Loan. Ho has also ordered payment of drawn bonds of the Anglo-French loan amounting to £253,818 on December 24, Since September, 1929, when Minister Soong announced the programme of the Government for the rehabilitation of the loans secured by salt At the rate of exchange of $18 to 1 and $1.50 per Tael, the total amount to be deducted from salt revenue during the period to run is $210,738,000. The amount maturing during 1930 under the loan contracts, approximates $13,500,000, which annual requirement is gradually reduced from year to year as bonds are retired.
During the years 1927 and 1928, maturities were permitted to go in arrears. September 1929, Minister Soong announced the programme of the Chinese Government for meeting, alli current maturities and gradually reducing arrears that the: Hukuang and Crisp maturities would be fully met in 1931; and the Crisp arrears would be sunk by the end of 1984, This programme annual contractual maru: proximately $3,000,000, that
Text read from the printed page and cleaned; old type leaves the occasional error.