Tokyo, May 7.
Another successful adjustment of a defaulted Japanese loan to China is thought likely, the settlement of an advance '¥.1,500,000 to Kiangsi Province are under way in Shanghai between Mr. Tozo Hirano, manager of the Shang-hal branch of the Bank of Taiwai Jand Mr. T, V, Soong, chairman the bourd of directors of the Bank of China, "Six defaulted Japanese teans to China already have been ad-
I is understood that the Income Tax Regulations will be promulgated and will come into force on July next. Tis estimated that the new tax will increase the. Government's Income by $10,000,000 a year.
Text read from the printed page and cleaned; old type leaves the occasional error.