Peking Mar. 17.
'A. mandate was issued at midnight gazetting the regulations of the Fourteenth Year Loan of, }$15,000,000. The loan will be secured on the Customs revenues and repayment will be made from the German portion of the Boxer Indemnity. The period is 10 years, the price 90 and the interest 8 per cent, "Amortization will begin in ithe fourth year.
The mandate states that the loan is issued "with a view to meeting Jemergency administration expenses fas well as those for the upkeep of Legations and Consulates abroad."
The obligations respecting the Third, Fourth and Fifth Year Bonds and the O€ober, 1924, Treasury Note issue must be fully met before the German portion of the Boxer Indemnity can be used Jax security for the new loan, The intereat will be paid in 19 instalments, after the first five of which amortization will begin. The interest and amortization will be paid on March -1 and September 30, The amortization drawings will be held in Peking.
The $3,000,000 needed for the frst interest instalments will handed over to the Bank of China and Bank of Communications 15 days before the interest is due.
The flotation of the loan will be under the management of the Domestic Bond Bureau. The bonds will be bearer bonds of three \denominations—$10,000, $1,000, $100. These can be utilized as cash in payment of taxes and duties, with the exception of Customs and Salt duties. They can also be used as [guarantee funds, or as the rest fof banks. 5 The regulations will be carried into effect on the day of promulgation—Reuter's Pacific Service,
Text read from the printed page and cleaned; old type leaves the occasional error.