The Archive · 1922

From Rodney Gilbert

Peking, Feb. 9.

The native Banks yesterday signed a loan agreement with the Government funding all the loans salt surplus. According to inal agreement the total amount is $98,600,000 of which sum $30,000,000 is the net obligations. It is commonly reported to-day that other obligations have been included so that the nett hypothecation is now about $89,000,000, while the total Treasury note issue is over $100,000,000.

The original list of foreign creditors included Japanese—$20,700,000 of which the consolidated interest on the Nishihara loans is about: $10,000,-

000.

British—$2,530,000.

French—About $100,000.

To-day it was rumoured that the Hongkong Bank's loan to the Imperial family of $1,280,000 has been transferred to another security.

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

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