Interest to Ministry of Fimance in Tokyo Cut Tokyo, Sept. 2.
Payments to the Deposit Depart ment of the Ministry of Finance on its share in the loans made to China by the East Asia Industrial Ca. to-day. began to pour in at the rate of 830,000 to ¥.840,000 a year under new service arrangement. These Jomounts "represent a ten-fold in-Jerease of what the Department has been receiving up to now.
Under the reform plan, the Minis try will receive. three' per cent, Interest on the amounts which it lent the company for advance to the Chinese Government instead of the five and six per cent, rates agreed to originally.
This step, adopted by the loan committee of the Deposits Department in July, is in Tine with. the attitude of the non-official creditors of the East Asia Industrial "Ca. facilitate redemption of defaulted. JChinese toons, The non-official banks Jagreed to reduce accumulated - inferest to the size of the original loans and to secure service on that basis.
'While the Department was unable to do this because of regula tions, the interest rate was reduced luniformly to three per cent. with he agreement that redemption' pay-Jments would take precedence over Interest payments, Involved in this arrangement are the Nanchang-Kiuki Railway Loan, the Second Telegraph Loan jand " others, which total about '¥.15,000,000.
The redemption process, agreed upon by East Asia Ca. officials and Nanking, Sept. 7.
An important ruling on the ptosecution of press reporters on charges for criminal libel at the instance of the Wusih "Press Reporters' Association.
Tt was criled that criminal prosecution for libel, as provided for in Article 310 of the Criminal Code, arises only when the act is done intentionally. Where a report is made bona fide or through inadvertence only, the reporter is not liable As to an earlier interpretation of the Yuan, which was to the effect that corrections made afier the publication of a libel do not exoner-reporter from prosecution for criminal libel, the ruling yesterday points out that the interpretation Tefers to cases-where the act is done {inlentionally—Kuo tin.
Text read from the printed page and cleaned; old type leaves the occasional error.