The payment included £60,774 for Shanghai, Nov. 27, The $30,000,000 worth of rolled tobacco tax stamps issued by the Min-Istry of Finance have been purchased by the China Development Finance Corporation, it was learned hero yesterday, One third of the amount will be paid by the Corporation, while the remaining $20,000,000. will be borne by several local banks which are shareholders of the concern.
According to the present@arrang ments, the money will be handed over to the Ministry in ten instalment The frst instalment, Following éigcussions in Shanghai, the draft agreement concerning a $1,200,000 toan by the Central Bank, the Bank of China, the Bank of Com= munications, the Shanghai Commer-lal and Savings Bank andthe National Industrial Bank of China to the Anhwei Provincial Government has been signed by the representatives concerned, yined that $800,000 of the wre for drought relief, while the remaining $400,000 are to balance the provincial budget for the current year, The Central Government has sanetioned the flotation of $900,000, bonds by the provinelat government in Anhwei.
Text read from the printed page and cleaned; old type leaves the occasional error.