Peking, May 11.
The House of Representatives summoned. the Prime Minister, Bfr. 'Sun Pao-chi, yesterday, asking for a statement' regarding the Si German negotiations. "The Premier informed the house that the results promised to be greatly to the advantage of China, therein differing from the arrangement to pay the French indemnity in gold' francs, which Parliament voted in 1923, but the discussions had not reached stage where they could be submitted to Parliament.
It is understood that the nego toins, which were carried on very secretly between German bankers and. the Ministry of Finance, provide for. the "release the reserve in London. against German-drawa "bonds and" coupons of the Organization Loan amounting to approximately $15,- 00,000, which will be paid to China in cash by instalments, Germany will be responsible for the payment of outstanding German bonds_and coupons of the Reorganization Loan and. also the Tientsin-Pukow and Hukuang loans, which will be revaldated, the obligations on which have been piling up since Aagust, 1917. Germany's quid pro quo consists' of the rehabilitation of the Deutsche-Asintische Bank, There is reason to believe that the arrangement has been submitted to Berlin and that if approved there it will be formally taken up by the German Legation and the Waichia pu-—Reuter's Pacific Service,
Text read from the printed page and cleaned; old type leaves the occasional error.