The loan, recently reported to have been concluded between the Ministry of Posts and Communications and the Hongkong and Shanghai Banking Corporation, is farther stated to bear interest at the rate of seven per cent per Shum which is tobe paid by the Bank of Commanications at Shanghai to the Shanghai office of the Hongkong and proclamation Shanghai Banking Corporation every six months. The loan is to be utilized for the reorganization of the Chinese Telegraphs.
July 2.
ijercoe tea lun snared canton by the Shanzhai Taotai, his Hon-telegram has been received from
our Tsai Nai-huang, stating that the tops in Canton and Shaoching prefectares. ave. beet destroyed by the floods; that millions of people are on the verge of starvation; thousands of houses have been destroyed, and their inmates are without homes. The telegram concludes with an urgent appeal to the Taotai (who is " native of Kwangtung) for assistance, The Canton merchants residing here have already subscribed very substantial sums towards the fands for the relief of the sufferers from these floods and we understand that the sum of Tls, 6,000 will first be remitted to Canton to-morrow by the Kaangehao (Uanton) Guild here for distribution.
'A dispatch from Canton states that matsheds are being erected by the authorities for the homeless; and that 120,000 shih, or stone, of rice have been ordered from Wuba.
Text read from the printed page and cleaned; old type leaves the occasional error.