20 Millions Due to Foreign Bank Peking, April 21.
It is announced that seventy millions of the $96,000,000 bond issue will be used to repay Chinese Banks and that some 20 millions will to repay loans due to foreign banks. The price of the bonds is 90, with eight per cent. interest, payable half-yearly. The bonds will be redeemed in seven years. The bonds are secured on the salt surplus, but the intention is to give the Customs jnereaso as an additional security. Reuter.
Gexerat Lu Yung-hsiang, Military Governor. of Chekiang, is stated to have given orders to a local firm for the manufacture of 10,000 pairs of boots for his soldiers.
Mr. Tung Kang, former Minister of Justice, has formally assumed his new duties at Chief Justice of the Supreme Court as from the 24th instant. Dr. Wang Chung-hui, who was formerly Chief Justice, has been appointed Minister of Justice. Mr. Tung, it will be remembered, made himself popular among the Chinese people by demanding that all officials, when ther old or present, who, upon investigation, are found to be corrupt, shall be punished to the fullest limits of the law. Meanwhile it will be interesting to see how long it may be before am entirely new set of Ministers will be wanted in Peking.
Text read from the printed page and cleaned; old type leaves the occasional error.