Canton, Oct. 19.
The Kuangtung Provincial Assembly has announced that it will recognize no foreign loan contracted on behalf of the province without its approval-and consent. The Canton Government is negotiating several loans, the largest of which ave tha currency reform and the municipal loans. In spite of denial by the Provisional Civil Governor, agreement for a £2,000,000 municipal improvement loan from British sources has been tentatively signed. This loan, £2,000,000 for years, bears interest, at 7} per cent., the price of issue being 87}. The purpose of this loan is to buy in and improve the present waterworks, telephone and other public utility concerns. A tramway of 14 miles will be built from the proceeds of the loan.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.