The Archive · 1912

The Foreign Banks and China

A LOAN PROPOSAL

Paris, Juno 9.

I understand that the British, German, French, American, Russias, snd Japanese groups, who for weeks pact lave been conferring on the matter of financial support for na, have now, with the approval of their respective Governments, reached an agreement and formuinted @ proposal for reorganize ion loan. This proposal is now ing submitted to the Chinese Gov-it- ernment.

The important financial combina tion thus formed consiste of the Hongkong & Shanghaj Banking Corporation, London; the Deutech-Asiatische Bank, Berlin; the Banque de I'Indo-Chine, Paris; Messre. J. P. Morgan & Ca., Messrs. Kuhn, Loeb, & Ca., the First National Bank, and the National City Bank, New York; the Ruseo-Asiatic Bank, St. Petersburg; the Yokohama Specie Bank (Limited), Yokoham: and various firms and institutions affiliated to certain of the parties.

In order to correct erroneous information which hae found is way into the European Press, the groups desire to make the following stste-

Text read from the printed page and cleaned; old type leaves the occasional error.

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