Collection in Hankow and Kiukiang To Commence on Janvary 1
Peking, Dec. 30.
It is understood here that the [Nationalists intend collecting th> Customs surtaxes at Hankow and at]
Kiukiang from January 1, 1927. view of this, it is felt that Fengtien authorities will not be ong in following suit, Ig is further understood that the Nationalists propose floating can secured on the sextanes, which, rain, is an example which the Northerners ere Likely to follow; But financial authorities are of the Jorinion that neither the Nationalists nor the Fengtienites will be able to raise a large loan on such security. They point out that even well secured leans are row quoted at very low rates and confidence must be restored before foreigners or Chisiese subscribe to a new loan any importance, The Northerners Too The Fengtien authorities have! deen discussing the levying of surtaxes in ports under their control for come works and the opinion is expressed in some authoritative quarters that they will impose them shortly, but no official pronouneement on the matter has been issued.
Mr, Pan Fu, the Finance Minister, who is undoubtedly a clever finan-leier, is exploring many avenues to raise funds and float loans, but ji understood that nothing definite regarding the surtaxes or loans will be decided until a new Cabinet! is appointed. A loan of such magnitude as the reported one of, '$100,000,000 is considered very unlikely Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.