Official Statement of Its Aims:
Estimate and Consolidation of China's Debts Tt must distinctly be understood that in printing the following statement we take no responsibility whatever—for its assertions. it is an official statement of things as official Peking sees them, the aim of which seems evident, As such it is printed purely for purposes of interest.
Peking, Oct. 19.
The following statement from official sources has been handed to Reuter''s Agen for publication:
The news that Reuter cabled from London that upon Dr. W W. Yen's assumption of office as chairman of the Commission for the Readjustment of Finance, the prices of the Chinese bonds have gone up.on the London market, must be taken as a particularly encouraging indic tion of the confidence of the financial world in the character of Dr. Yen and of its realization of the importance of his commission. Any honest effort on the part of the Chinese Government towards—re-organizing and stabilizing its finances is immediately reflected in the London and New York financial markets. Although the present Commission does not pretend to solve al} the financial problems of China, it is admitted on all sides that its work is undoubtedly an important move in the right direction. The earnestness which Dr. Yen and his associates have manifested in their work gives rise to the hope that the task before them will he undertaken, despite its enormous difficulties in' such a thorough, methodical and efficient manner as will justify the expectiticns of the pub%e in. the achievements of the Commission.
Text read from the printed page and cleaned; old type leaves the occasional error.