The Archive · 1905

VICEROY CHANG'S RAILWAY LOAN

Peking, 7th October, The Agreement between H. Chang Chih-tung and the British Government provides that the latter. shall advance the sum of 10,000,000 at 4} per cent interest, the loan to be for a term of twenty years, The security given is the opium revenue of Kuangtung, Hunan, and Hupeh. It is also provided that half of the foreign engineers for the Hankow-Canton railway shall be British, and in case an farther foreign loan is needed, Great Britain shall have the first option of taking it, 'There are many officials in Peking opposed to the Agreement, and the Board of Commerce (Shangpu) has been ordered to arrange for the redemption of the loan earlier; while in future' no foreign loan is to be raised (for railway purposes).—Special service,

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

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