The following -memorandum by Sir Francis Aglen on questions arising out of the recent claim by the Four Powers on the Customs surplus which is pledged to internal loan payments is sent us for publication. ye The Inspector General of Customs has received from the Shang-fai General Chamber of Commerce, the Shanghai Bankers Association and the Shanghai Native Bankers Association the following telegram:
"Late newspapers reported—_ that Diplomatic Corps requested Government to apply internal loan reserves for repayment of foreign loans overdue: although imoonfirmed the report has greatly dis-
(iii) 4} per cent. Gold Loan of 1898. (iv) Indemnity of 1901. {v) Reorganization Loan of 1913.
B. Loans secured on Revenues Surplus.
(i) 3rd Year Loan of Republic (1914)
(li) 4th Year Loan of Republic (1915).
(iii) Consolidated Loan Service.
Text read from the printed page and cleaned; old type leaves the occasional error.