Word: soong
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Nationalist Government moved promptly for relief. A committee was organized at Shanghai with the ablest man in Chiang Kai-shek's Cabinet at its head, Finance Minister T. V. Soong, Harvard man, scion of the great "Soong Dynasty" of Shanghai bankers, and President Chiang Kai-shek's brother-in-law. Minister Soong adjusted his glasses, went to work...
China and the world awoke last week to the fact that war has been waging in serious proportions throughout Kiangsi Province these many months past. Able Finance Minister T. V. Soong of the Nationalist Government issued a statement confessing that "the Government has been entirely lacking in candor" regarding this war, but that now "the time has come to be frank with the people so that the Red danger will be realized." President Chiang Kai-shek himself took charge of the Kiangsi forces...
...elected with President Chiang was his great fiscal backer Finance Minister T. V. Soong, potent Shanghai banker and head of the "Soong Dynasty" which rules all central China from behind what its enemies call "Nanking's rococo facade...
Under such circumstances a "realistic" opium policy, according to Minister Soong, cannot be one of prohibition. Consequently Chinese Treasury officials have been sent to Formosa to study Japan's opium system: restricted sales under Government monopoly. If shrewd Minister Soong does harness opium to his Treasury chariot, he may find a way to balance the Chinese budget for some time to come, may find opium an aid in standing off the U. S. silver producers who want to unload on China a silver loan (TIME, Jan. 19). Last week Senator Key Pittman of silver-surplussed Nevada announced in Washington that...
...money which is steadily declining; but the Occident, due to Depression, is refusing to snap up China's bargains. The U. S. bought 38½% less in 1930 than in 1929. China bought 28% less from the U. S., and Chinese importers are now unhappy about one of smart Dr. Soong's shrewd moves. The Finance Minister, although silver is legal tender everywhere in China, has put through a decree that goods entering from abroad must pay duty in gold. But for this step, Chinese economists say, silver's depressed value would soon bankrupt the Government...