Government Allocating Fixed Monthly Payments: Strengthen? ing of the. National Credit ~Details are now available of the the bby the Nationalist Government for ensuring fall regular payments, in future, to the service of all loans secured on the Salt revenue, The scheme was discussed at a meeting in Nanking last Friday of the Budget Committee fand the Diplomatic Committee, the Latter consisting of General Chiang Kai-shek, Mr. flu Han-ming, eral Li Chi-sen of Canton, Mr. Soong, Minister of Finance, Dr._ 7 Wang, Minister of Forel Affairs, Dr. H, H. Kung, Minister of Commerce, Industry and Labour, and Mr. Tan' Yen-kai.
Approval having been given by these two Committees, the scheme was to go before the General Government. Council on Sept, 25 for endorsement, but we understand that this was merely a necessary formality. message of the amounts to be paid by each suit revenue office, undue the arrangement which, as we-have reported has been made by the Chinese Government for the regular service of loans secured en the Gabella. The message is og follows:—
Nanking, Sept. 26.
The Government Council-has is ued the following mandate to the Ministry of Finance concerning the [payment of the Salt Loans:
"The Minister of Finance-is hereby instructed to issue orders to each Salt-producing District, commencing October 1, 1928,.to pay wards the service of the' Salt Loans and into banks designated by the Minister of Finance, its quota of total payment as decided upoti by the Budget Committee, "The list of the respective annual }quota, to be paid in 12 equal month-instalments, is as follows:
{$10,000,000 Annually Orders will be sent to all salt stations where revenue is collected: throughout the country to pay a certain monthly percentage of their revenue into banks designated by the Minister of Finance against the service of the salt I
The exact amount to be paid by each station is not stated for the 5 Fengtien 890,000 Chuannan 1,060,000-
201,000 308,000 Changsha 286,000"
ina 1204000 Nanchang 108,000 pei 742,000 Wuhu 137,000 Sungkinng 254000 Tehang 168.000 lamechek 4 200 Fukien 9 Keansiung 033,000 Kibet, 148000" Yunnan 276,000 Chinpei "63,000 moment, but a total annual cum of $10,000,000 is thus to be set ast This will meet all requirements the loan service. The Reorganization Loan of 1913 is not included in this arrangement because this loan is served by the Customs, The charges which have to met out of the $10,000,000 salt money are as follows:—"Anglo-German Loan of 1898; Anglo-French Loan of 1908; Hukuang Railways Loan' of 191; Chinese Government Birch-Crisp Loan of 1912.
Text read from the printed page and cleaned; old type leaves the occasional error.