Informed circles said Mr, Soong was. seeking mew American credits and the Government appeared to have his request under serious consideration.
Before conferring with the Pi dent agai, Mr. Soong saw the Seeretary of Slate, Mr. Cordell Hull, and Mr. Jesse Jones, chairman of the Reconstruction Finance Corporation. Later Mr, Hull and Mr, Jones con-
China's ancial stability was emphasized in a message by Dr. H. H. Kung, Minister. of Finance, who attributed stability to: The ' strong pre-war foundation. Abundant harvest during the past three years. Successful utilization of metropolitan capital. Large overseas remittances. Foreign sympathy and assistance.
Referring to the note issue, Dr. Kung stated that since the wai mands for legal tender have been mounting. Though the notes in circulation "have been increased, the total amount in circulation is) still inadequate to meet demands.
Discussing taxation, the Finance] Minister stated that due to a decrease in China's main revenues—Customs duties, salt and consolidated taxes—the Chinese Government is making direct taxes the backbone of China's ieome tax jumped before the war third place, among all national taxes.
Since the war China has issued total Loan of $4,700,000,000—Reuter ferred.
'Mr. Soong declined to comment to the pross on his visits to the President, Mr. Hull and Mr, Jones. 'The President told the press that Mr. Song's visit was a "social call." referred to Mr. Soong friend.'
The President said their conversa tion covered various world affairs but he did not give any details.
Mr. Soong also conferred yesterday with the Under Secretary of State, 'Me. Sumner Welles, Mr. 'Soong said the' call had no signifleanee and Mr. Welles described it as the "renewal of a pleasant acquaintance.
Meanwhile, it was, disclosed that Mr. Soong saw the Secretary of the Treasury, Mr. Henry Morgenthau, and the head of the Export Import Bank, Mr. Warren Pierson, at a small inner given for Mr. Soong last Friday by Mr, Hull.
Mr. Soong also paid a courtesy call yesterday on the British Ambassador to Washington, Lord Lothian, Me formed quarters said Mr. Soong plans to return to New York soon, but he British Offices in
Text read from the printed page and cleaned; old type leaves the occasional error.