NO MONEY.
CHINA'S EMPTY TREASURY. MUTINIES FEARED. By Telegraph.—Preßs Assn.—Copyright. Received Oct. 30, 9 p.m. New York, Oct. 28. The Peking correspondent of the •Times states that the Government's inability to pay troops occasions fear of general mutinies. The Government employees have not been paid since April. A pro-Japanese official, who is endeavouring to secure a loan from Japan to remedy the situation, says that the President has not been paid, and he will be compelled to borrow a million dollars to defray official expenditures. The House of Representative voted to reduce the military expenditures by. 20 per cent." A Government has been started to autonomy in outer Mongolia on condition that China assumes l responsibility j for foreign loans already contracted. — Aus.-N.Z. Cable Assn. | |" A LARGE LOAN. Received Oct. 30, 9.50 p.m. New York, Oct. 28. It ie understood that China is about to complete arrangements for a loan between fifteen and twenty million dollars with a Chicago bank.—Aus.-N.Z., Cable As3n.
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Taranaki Daily News, 31 October 1919, Page 5
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162NO MONEY. Taranaki Daily News, 31 October 1919, Page 5
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