The Archive · 1932

City Government Finances

According to a statement made by Mr. 0. K. Yui, Secretary-General ment of Greatar to members arrangements have been made to meet the deficit in the City Government finances cans-ed by the Sino-Japanese hostilities. Mr. Yui stated that it was propos to float a bond issue and to obtain a loan from the local bankers, the latter having agreed to this.

The deficit caused by the fighting, said Mr. Yui, was in the neigh feourhood "of $3,600,000.

Text read from the printed page and cleaned; old type leaves the occasional error.

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