London, Feb. 8.
The correspondent of the "Times" at Paris states that the report of M. Jeanneney with regard to the Banque Industrielle de Chine, which was read before the Senate Finance Commission, is described as very severe and searching.
It seems that the Senate is not as favourably disposed as the Chamber to the reflotation of the bank, and may be disposed merely to sanction the Government reimbursement to depositors from the Boxer Tndemnity.
According to the "Matin," a number of the members of the Commission are of the opinion that they should refuse to have anything to do with the business, which properly should remain in the hands of the Ministry of Justice.
It is considered that the Boxer Indemnity will not be sufficient to repay all depositors, since it does not exceed £7,000,000, while the liabilities are estimated at nearly £14,000,000.
TF, therefore, the Senate, after hearing Premier Poincaré, insists on the modification of the project, an order of priority for reimbursement must be established.
It seems generally agreed that the Chinese depositors will come first and then colonial civil seryants.—Reuter Tur "Sinwanpao" states that General Leonard Wood, Governor of the Philippines, has offered to mediate in the Macao controversy.
Text read from the printed page and cleaned; old type leaves the occasional error.