The Archive · 1911

Loans and Negotiation

The international loan and the stand a the Honte for the early inaoguraticn of fiament, the establishment of". Cabinet, the removal of queues, and in matters affecting China's foreign policy; and the tide of public opinion was influenced against him accordingly. The Throne's comments upon Prince Ching's resignation were couched in dangasge that would adorn a valedictory edict, and it is commonly supposed to presss the acceptance of a Inter request, departare would be bailed with sincere satisfaction by the reformers and probably by ambitious younger statesmen.

The situation in Peking is practically dominated by the spprosching visit of the German Crowa Prince, bowery and the Government is most anxio to avoid experiments just now. Concessions are being made to the reformers, it is eaid, in order to avoid the possibility of any disturbance, Hakcang Loan are still among the clouds, and the Government jis issuing to Messrs. Donn, Fischer Ca. the balance of the Peking-Hankow Railway Losn amounting to about $3,000,000. It appears that the Yokohama Specie Bank only took up a little of the $1,000,000, hence the balance is greater than most people bellow The Waiwupu ridicules the ides rick in connexion with thes bon and I have been informed officially that Chinere Government accepts fall ity for them. Of course, the foreign bondholder will occupy the same status as Chinese, bat the Chinese Government is not likely to min its credit by repudiating the loan. The percentage of profits for id to be 1yyth per cent, which added to the regular interest of 7 per cent, gives a rate profitable even ig Chins,

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

Your account