The Archive · 1911

A Native Railway Lear

The Sanning-Kangyik Railway Company, in the Koangtung province bes jast concluded a loan of $300,000 with the Book of Kuangtung. The money is to be paid in Cantonese twenty cent pieces, and whilst a thousand is the standard, the borrowers will receive bat nine hundred and ninety-seven, The interest is also heavy, being at the rate of 9 per cent per annum. The mortgaged to the bank, which, bond, will have th money is not paid back on the date arranged, to send in its agents and money transactions in the fatare shall breach of this proviso will entail serious consequences to the managers and company of the line. One is at first ised that the company should be to pay such heavy interest it could be borrowed at a mach cheaper rate; but we eco here the suspicion of the Cantonese sgainet, foreigners; they woald rather pay a heavier interest to their own people, than borrow the money from foreign bank, and risk the possibility of foreiga hand being placed apon their basines,

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

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