The collection of the interest and allocation of funds would be left in the hands of a custodian duly appointed and authorized by the Nanking Government, and that. party would be responsible to the Government for all monies which he received in connection with the Hi ho Improvem ign banks and protected in the same manner as the Chinese banks.
This suggestion was not ucs ably to Mr. C. E. Gauss, who said sat he must first of all consult with the foreign banks who intended to subscribe to the loan, on this point, To his mind he was of the opinion that of only should the fore: cr bank: be officially recognized, that a foreign official should b> appointed who would look atter and be responsible to the foreign banks with regard to their share of the loan.
At this point the meeting adjourn ed until nine o'clock on Monday morning, when it was hoped that some arrangement of a satisfactory nature would be come to with regard to the foreign banks accepting ment, da the terms of the Nationalist Govern-
Text read from the printed page and cleaned; old type leaves the occasional error.