The Archive · 1922

Banque Industrielle Affairs

Sino-French Agreement: Boxer Indemnity for Redemption of Bonds and Interest Paris, Oct. 23.

Copies of the Bill approving the Sino-French agreement with regard to the Banque Industrielle de Chine concluded at Peking on July 7 and 27 have now been distributed in the Chamber.

By this agreement the French share of the Boxer Indemnity will be employed in the redemption and payment of interest on bonds held by creditors of the Banque Industrielle in the Far East and also for the foundation and upkeep of various Franco-Chinese institutions which will serve to strengthen friendship between the two peoples.

The Bill consists of a single article authorizing the President ai the Republic to ratify and acute the agreement.

The hope is generally expressed that the Bill will be passed as promptly as possible—Reuter.

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

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