in Kalgan Peking, June 13.
The text of the circular telegram fgaued by Genera! Peng Vu-hsiang, from Kalgan has been released here. tion says. While the import of The message is mainly a denial of American cotton may certainly re-rumours alleging that he has lieve the present st of raw allied himself" with "Soviet ess Canton, June 11. thing, now however, is to determine fection, the drop in prices, will and Communists, that he has closed has been revealed that the ways in which the lo Southwest Political. Council to the best however, reduce te "purchasing ower. of the rural population, measures against the capitalists, and down banks and adopted repressive the name of Mr. Tang Shao-y thereby decreasing the demand. for under ate, of June 8, sent tele Proposed Uses cotton. yarn. The. cotton. mills that he is using the so-called ante grams to President. Roosevelt and may thus be confronted with "the Japanese allied forces for the pur. Nanking, June 16. problem of overproduction.
Pose of personal seerandisement, Reconstruction Corporation,, wi the president of the US. Finance The G.$50,000,000 wheat and cotton loan "agreement has been Committee Urged gent action was to save "Charhay Fis sole object In takings in re-has extended G:$50,000,000 "loan to the Nanking Government, strongly ratified by the Legislative Yuen, with two recommendations: The Asociton, therefore sug. from (what threatened to be lime Sprointed for the. admpuistration special com Japanese nade Ha aeithe minent danger and te resist 1 opposing the conclusion of this toan The formation of a board of contract and requesting their good ages in canceling trustees whose duties will "include lof the loan and thatthe cotton Were as pure as the sun, Gener custody of the funds and the control Feng claims scare view of the unsettled state "of telegram points out that, in trade. be given representation on and supervision of appropriations. the committee, It also urges, that In attempting: to clisered affairs now obtaining throughout 2. The entire loan must be used the eyes of the nation, the price of ative cotton should be rumour-China, the' advance of such for "productive enterprises" stich as mongers have, stabllised "by fixing the prices at however, accused him amount of loan to the authorities the "development of industries, bein which the "American cotton is. to weretly in league whose jurisdiction does not extend argicalture, water works and' com. with the Japa: De sold on the Chinese market.
Nese or of having be-beyond' a certain portion of the munications; and_no part whatever come elficd to 'The Chinese Cotton Mills Asso- C Soviet Russia and the country would be "sed chiefly as may be used for civil war or bandit. ciation admits, its telegram, ammuuists. 'The first accusation military expenses, y' the Nani fiat" wit provide toms Fequires no refutation, General Feng. duthorites with the resultant that the board of trustees shodd 'The "Legislative Yuan suggests Porary" tele for the shortage ays, as he is convinced that no tensifieation of internal" disturb-Taw cotton mow' confronting' the printed compatriot will ever believe sonsist of leven' members; ye aphim to bes traitor, ed," the message continues, Tointed by the Government and the TE declares, however, that this Phe second "accusation, that of "the Central Military Council.
Femainder elected by" labour alliance with Soriet Russia, ix also already indulged in' unspeakable Without "foundation "in he tyranny, using the money obtained The Government appointees will cotton spinning industry and. will! fares. 'In. the first' place' the from native financiers through the be the heads of the Bve Yuan moreover result in an outflow "of Very fact that communication Der intermediary. of. V. Soong.
Reuter. money. It urges therefore that the tween Kalgan and Ura is stil "t. 'V. "Soong, together with tate of disruption disproves the Chiang Kai-shek, who is pursuin China's Own Business Fyfor' the development "of indus reseeds of the loan be used strict: Negation that. he "has received a course for his own personal gains, London, June 16. tries and. rehabilitation of rural mand. aman is not a person fit to carry on the constructive programme of the The G.$50,000,000 loan granted districts, in order that some lasting tions from Urea. There is also Chinese nation," the message avers. to China" by the Reconstruction benefit may be derived from it-secured the services Of one truth, into Funotr that he has Under such ' circumstance, the Finance Corporation is. definitel Russian advisers, posed recognises the fact that. the put 'The Shangha! Flowr Mis Guild telegram asserts in' conclusion, for the purchase or "wheat a while appreciating the good. inten: he chase of American wheat is neces-Iie emphasises that the action he tion of the 'United 'States Govern-nese Finance Minister' so relieve the shortage in raw has taken in Kalgan hay never overs to-day. But how China uses the stepped "the bounds of legitima ment and American financiers, the Seathwert Political' Counci" cannot proceeds, he added, after disposing It points out, however, that ofer, the production national emancipation and that all of wheat and cotton, is entirely as the burden of the loan' will the tale of cass warfare is nothing earnestly request the American authorities and those interested. in the domestic concern of Ok devolve ultimately upon the should. more than & figment. of the' nag! Mr. Soong designated ers of the nation at large, it mitst nation. "He hopes that the pre the execution posals of the Legislative be used in a manner which shall or ds the "use of the as Prove of benefit to the entire ang the rue er aepnons Will send representatives to Kalgan expression of opinion." ation. "It suggests. therefore that to sce for themselves the actual Mr. Wang Ching-wei Replies
Text read from the printed page and cleaned; old type leaves the occasional error.