The Archive · 1920

PEKING NOTES

Rumours of Japanese Loans Denied From Our Own Correspondent Peking, Sept. 8.

The Ministry of Finance makes formal denial of the rumours circulated by the Chinese Press to the effect that Japanese loans are being negotiated with either the Peking-Suiyuan railway or the Chibli forests as security. It is freely admitted that the Ministry is frightfully hard up and is at a loss to provide for the least of the Government's immediate needs, but no hopes are entertained of netting anything at this juncture through foreign loans of any sort.

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

Your account