Peking, July 17.
The devices resorted to by a Chinese Government in financial distress are sometimes even more ludicrous than iniquitous. As we all know, Peking passes through periods of stress. and strain by negotiating short term loans from both native and foreign bankers. The foreign banks are free to finance Peking from month to month because their loans are made locally and do not involve foreign bond issues and are therefore outside the scope of the Consortium. It is the security which Peking offers for such loans which sometimes affords amusement. Now that the Government is down to pawning the last shreds and tatters of its heritage the agents of the Ministries come to the foreign banks and offer them such security as revenue stamps.
Text read from the printed page and cleaned; old type leaves the occasional error.