The Archive · 1934

TIENTSIN MINT TO BE RE-OPENED

Result of Visit by Dr. H. H — Kung to North

Shanghai, Aug. 27, Preparations are in progress. for the reopening of the Tientsin Mint in the Native City, which has not been used for over six years.

An official of the Mint declared last week to the "North-China Star" that the proposal for reopening came 6 a sequel to the recent visit in Tientsin of Dr. H. H. Kung, Minlster of Finance. Ti will be recalled that during his brief stop there, Dr. Kung inspected the machinery and premises at the Mint, in the meantime activities of the Mint remain at a standstill. Its monthly expenditures amount' to around $1,000, which includes the director's and his secretary's salaries wages for the twenty armed guards to watch the premises, and the ser~ vants, and other sundry expenses.

connection with the loan of cover $200,000 which the Mint had obtained from a certain Tientsin ese concern, and for which the Japanese authorities last year threat ened to seize the premises money was not returned, the official declared that a settlement has been reached through the Peking Political The Mint, however, is still in debt for about $2,000,000, "This, according to the official, can be easily settled through the Ministry of Finance. The matter will not affect the proposed reopening of the place.

Berlin, Aug. 25.

The Chinese Government has contracted with 2 Sino-German group for the construction of 300 kilometers jot railway betv-ven Jueshan and Nanchang, it was announced here to-day.

'The' project is to be completed by 1938, according to terms of the can-trad. The group was also granted lan option on construction of an add tional 300 miles of [Nanchang to Pinghsia

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

Your account