Berlin, June 12.
China would not ask' for foreign loans for the construction of railways, Jerecting industrial plants or stabiliz~ Ing her currency, but China was [prepared to take up foreign loans in Jorder to convert domestic loans with high interest into foreign loans bearing lower interest, declared Dr. H. Kung, Chinese Minister of Finance and Vice-President of the Executive Yuan, in an interview to-day with the "Deutsche Allgemeine Zeitung."
China's interior loans, Dr, Kung said, "amounted to two milliards Chinese dollars, for which interest at six per cent. was paid. In view of the Tow rate of issue, this corres ponded to eight per cent.
Tt China could obtain a foreign Joan at four per cent, the Finance 'Minister asserted, she' would save {$80,000,000 in interest, which would be used for industrial for "These ideas, he added, formed the basis of China's loan policy, and, view of the confidence which China enjoyed abroad, they should form [suitable basis for China's ce-opera~ ition. with other friendly Powers Router,
Text read from the printed page and cleaned; old type leaves the occasional error.