The Archive · 1924

Another False Loan Rumour

Story of Attempt by Marshal to Borrow $400,000 from Chinese Chamber Untrue The Chinese General Chamber of Commerce has issued a denial that Marshal Lu Yung-hsiang last we solicited a loan of $400,000. Mr.

Zee, General Secretary of the Chamber, writes to us rix follows:— hanghai, Sept. 20. ite issue of the 20th instant, the "'Sinwanpao" in its local news section tuted that on the morning of the 19th instant, Marshal Yng-hsiang after' his arrival at Shanghai convened an urgent meeting for the purpose of devising measures for the preservation the beice and good order of the City, and that the gentry, merchants and other representa! present at the meetin to the Marshal's invitation, The statement was also made that the mineral Chamber of Commerce of Shanghai was requestdil by the Maymish a loan of $400,000 to expenses. As the as treated ax one of gra 1ec, special meeting of Board of Divectors of the Chamber was called at 2 o'clock in the afternoon, but no result wax arrived at hough the matter was dacuated up to 5 pin.

The statement that Marshal Lu has solicited a loan of $400,000 from the Chamber of Commerce is entirely unfounded, because he has done} nothing of the kind. The meeting at the Chamber yesterday was convened for the one purpose of devi ing means for calling a halt to the devastation of the war and of affording relief to the war refuge There was no discussion whatever about a loan for meeting military expenses. This emphatic statement is made by the Chamber to avoid the spread of the inaccurate report.

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

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