From Rooxey Ginseer Peking, Oct. 7. native banks against the transfer The liquidation of the Russ: of Salt and Customs revenues, "peiatic Bank promises: to rai al theria held by the Russo-Asiatic "greater number of involved prot Bank, to the vaults of the othe> Jems than anything that has foreign Consortium Banks. It 's ¢urred" in China for many argued that the Russian portion of; Matters in dispute immediate ly these funds should be given to the "after the "voluntary liquidation" of native banking consortium, and the the Bank was announced were: custodianship of the funds for the nationality of the Bank; the rig! lit service of the German Hukuang local liquidation, independent of loan is cited as a precedent. the head office in Paris; the rig! ut The Customs, in this situation, is of the Peking Government to sup-thoroughly able to take care of its jervis such liquidation and its lown funds and see that they are power to see it through in all pro-not deposited in banks which the vinges; the question of succession] military can loot at will or upon to the custodianship of the Customs which civil administrations can and. Salt revenues the possibili ity force worthless loan bonds or trea-of foreclosure by Customs a ud sury notes, so the demand for Cus-Salt upon collateral security toms funds is only half hearted; Shanghai and Harbin; and the pos-but the demand for sibility of the re-capitalization Salt revenue and reserve the Bank and its re-establish me ut ness like, The Russo-Asiatic Bank's under new auspices. Some of the: right to receive and hold a portion "problems are already cleared of the Salt funds is founded upon Beyond: dispute, others. threaten "i the: Reorganization Loan agreement yitating complications, while upon of April 26, 1913. From this t' others: one can only speculate.
Chinese and their foreign protagon-"await developments, ists are now quoting half a clause to prove that any one of the old No Nationality Consortium Banks has the right to delegate to any other bank or group It would appear to be fairly clear now that the Russ atic Bank! of banks all the rights which it] enjoys under the agreement. It is in China has no nationality and has argued that since the affairs of the had none since recognition was with Bank are now completely in the egrawn from the Imperial Russi hands of the Government's appoint-'Legation as the representative ed receivers, there fs no reason why voi The Bank in Paris the vanished Tsarist and Kerensky they should not delegate to the! ay Chinese group the custodianship of he be French, but the Bank in Chi Prvcih fogs: bag never, born eiven|,.
ver been permitted to fly the Salt revenues.
Text read from the printed page and cleaned; old type leaves the occasional error.