That principle has been maine tained even after the recent defeat, tthe, worst set-back the Kuominchun have suffered. Their principle of payment is based on what insurance companies would call actual loss, but not loss of profit. The men Jand firms who have contributed to the funds of the Kuominchun could have secured a better return on their money by investing it in business ventures, but the! administration has given them one per cent. per month, which is] fair Chinese bank interest. The] forced loans have been secured on the local revenues, to be returned in fall in five months. Some of! the firms, which have had to raise [their quota from banks, are pat 12 per cent, but this marginal ess is due to the natural laws of the Banking instinct, which is the same the world around. The other risk, that of total loss in the event of the final defeat of the Kuominchun, is no more than the risk incurred by the man who under no coercion contributed to Confederate loans during the American jejvil war.
Text read from the printed page and cleaned; old type leaves the occasional error.