The Archive · 1912

Features of the Scheme

THE LOAN IN LONDON — From Our Own Correspondent

Peking, Sept. 11.

The loan negotiations in London continue to excite the greatest i terest. It appears that the pre minery agreement was signed on, July 12 and that afterwards a contract was signed, on August 30, by which the syndicate agreed to provide & large instalment immediately. The features of the scheme are the establishment of a bank under joint foreign and Chinese auspices and the taking of measures for the supervision of expenditure and the control of security. ism is expressed here how the syndicate enn comply effectively with the requirements of the British Government relative to financial operations in China, while without the support of the Goverment it is useless to endeavour to float a loan on the London market.

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

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