Tu these days when money is tight all the world over owing to the war, China has to adopt several new methods for raising the where withal to meet her urgent expenditure. Reference has been made en these columns to the first issue of the internal loan. Woe understand that the issue has been over subscribed and that the list wae closed on October 31. Now it proposed to issue premium bonds, following the plan of the several Continental States.
For this purpose, a new bank called the Sin Hua Savings Bank has been started. The Bank will issue 1,000,000 bearer deposit opts, or bonds (with ten divisions for each bond); of the total value 10,000,000, and this total of bonds will be issued over a year. Every third year from the date of issue the principal will be repaid to bondholders: but the principal of the bonds that obtain prizes will not b" repaid. The prizes are given entirely out of the interest. There will be three drawings for prizes year, and in each drawing 000 bonds are entitled to prizes.
Text read from the printed page and cleaned; old type leaves the occasional error.