London, Feb. 23
Referring to the proposed £5,000,- 090 four Power Consortium loan to China, the "Times" says it learns that negotiations for the loan are proceeding satisfactorily in. New York, and that it is considered likely that the issue may be made in sbout @ month. "In view of the keen demand for capital in Great Britain and in France," the "Times" adds, "it has been arranged for the loan to be issued in the United States and the French portion in Japan. The terms of the loan have not yet been decided, but obviously the rate of interest must approximate to the present yiekl of Chinese loans, namely about 6 per cent."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.