With reference to loans secured on the salt revenue, Dr. Kung announced that the Anglo-French loan coupon, due on April 5, would be paid at the usual time, inasmuch a3 {he fiscal agents already had on hand out of the payments previously made fo them a sum suMficlent for this purpose.
In the case of the Crisp loan, the Chinese Government was setting aside out of the salt revenue a share fof the interest due to the bondhold~ ers_on March 30, The Chinese Government, having regard for China's obligation, and for the interests of the bondholders, had been much concerned to continue the debt service, despite unprecedented dimeulties caused by the Japanese Invasion.
"The Government did not wish to permit, continuance of the situation Fesulting from the measures which circumstances had forced. it very reluctantly to take In relation to the customs and salt loans, without endeavouring to arrive at a reasonable arrangement to maintain the debt service as far as was practicable, having regard to the abnormal con ditions obtaining, and to the vital necessity of prosecuting the war, and preserving China's financial stability, Kung's announcement concluded:
Text read from the printed page and cleaned; old type leaves the occasional error.