Peking, Jan. 20.
In spite of Wu_ Pei-fu's opposition, the Premier is determined to remain in office to carry the Government through the New Year. All hope of foreign loans has been abandoned, but an issue of $7,000,- 00 of Treasury Notes has been prepared. Two Chinese banks have: promised to take up the notes om! the security of the Salt surplus. The foreign Salt Inspectorate, in compliance with an order from the Ministry of Finance, has notified the Chinese banks that it will allocate funds coincidental with surplus releases to cover the interest and amortization payments on th notes. The Inspectorate is ti securing the notes which otherwise be unmarketable, without which the Govern: could not pass the New Year Th Chinese press states that the periud of maturity of the notes is two years, the interest 15 per cent., and' the discount, 32.5. It is impossible to confirm these figures from official sources.
All polities are meantime in abeyance pending the New Year settlement.
Text read from the printed page and cleaned; old type leaves the occasional error.