CHINA IN BANKRUPT CONDITION
PRESIDENT AND TROOPS UNPAID. (Rec. October 30, 9'p.rii.) ... New York, October 28. "The Times" Peking . correspondent states that the Government's inability In pay troops occasions a fear of general mutinies. The Government employees have not: been paid finco April. A. proJapanese official, who'is endeavouring to secure a loan from Japan to remedy the situation, says that the President has not been paid, and that he lias been compelled to borrow a million' dollars to defray his official expenditures. Tile House of Representatives voted to reduce the military expenditure 20 per cent. A movement has been started to abolish autonomy in Outer Mongolia, on condition that' China assumes the responsibility for the foreign loans already contract-, ed.
It is understood that China is about to complete arrangements for a loan of between fifteen and twenty millions with n Chicago bank.—Aus.-N.Z. Cable Assn.
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Dominion, Volume 13, Issue 31, 31 October 1919, Page 7
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145CHINA IN BANKRUPT CONDITION Dominion, Volume 13, Issue 31, 31 October 1919, Page 7
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