China Pays Off Arrears with Salt Revenue Nanking, Oct. 31 Dr. H, H. Kung, Minister of Finance, Jannounced to-day that £230,000, plus facerued interest, had been remitted London to-day by the Chief Inspectorate of Salt Revenue to pay. {he 1834 instalment of principal. of the Anglo-French Loan of 1908. This remittance completes payment of all arrears due to holders of bonds of this Tean.
This payment, said Dr. Kung. is an important step toward completion fof the rehabilitation of the servie>
Jot the salt-secured loans of the Chinese Government. The plan of 1929, will be recalled, provided fo! lgradeal payment of the arrears of hose loans first, of interest and then Jof_principal.
Payment of the arrears of interest lot the Anglo-French and Crisp loans was completed by the end of 1980. [Systematic progress was also made toward meeting the arrears of prin cipal of the Anglo-French Loan, the senior loan enjoying salt security. Jand the payment. to-day wipes out fall arrears of this loan.
Dr. Kung also recalled that the salt revenue contribution for service for the Hukuang Railway Loan of 1011 Pad been increased beyond. the "amount. contractually due from salt revenue, so that one full semi-anneal payment of interest jon this toan i being regularly made of the salt revenue-Kuo Min,
Text read from the printed page and cleaned; old type leaves the occasional error.