The Archive · 1922

Senate and Banque Industrielle

Bill Authorizing Use of Boxer Indemnity Paris, Feb. 7.

The Senate Finance Committee's Bill authorizes the French Government to negotiate, in accord: with the Chinese Government, a credit operation destined to safeguard the material and moral interests of France by the use of France's share of the Boxer Indemnity—an operation which is intended to refloat the Banque Industrielle Chine, With regard to the decision to await a statement by M. Poincaré, it was said that in any case it was necessary to know the exact position of the bank, its liabilities and the character and category of the depositors and the exact amount of the Boxer Indemnity.—Reuter. Peking, Feb. 5.

The Sino"French Educational Association gave a dinner on Friday last to His Excellency the French Minister, at the Grand Hotel de Peking. Mr. Wang Tah-hsieh presided. The Association is endeavouring to bring about the allocation of the French portion of the Boxer Indemnity to educational purposes.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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