As already stated in this column Yang Shih-hsiang, Viceroy of "Obihli and High Commissioner of the Peiyang Administration, is desirous of obtaining a foreign loan for the reorganization of the Imperial Navy. It it is now stated that Viceroy Yang has also written to Prince Ching and Grand Councillor Yuan Shih-kai on the subject asking for their support, which has since been given by them. It is further reported that the loan is to be obtained from British capitalists. We may also state that Grand Councillor Yuan Shih-kai has recommended Senior Vice-Pre-
Minister to Germany) to the post of President of the proposed Admiralty Board or Ministry of Marine.
Text read from the printed page and cleaned; old type leaves the occasional error.