Finance and Causing Delay in Payments of Interest London, June 10.
A direct attack at the Chinese Consortium was made at a meeting of the British Bank for Foreign Trade held in London, Mr. C. B. Crisp, the Chairman, declaring that the Consortium's stranglehold over the Chinese Government was responsible for the present default on the Marconi and Vickers Loans and that it also precludes the British manufacturer from favourably competing with foreign manufacturers.
Mr. Crisp also accused the Consortium dictatorship of blocking the Chinese Government's way to further finance and criticized the Consortium's disapproval of the Chinese offer to give security for loans on the Salt Gabelle.—Reuter's Special.
Mr. Birch Crisp was the author of the so-called Crisp Loan of £5,000,000 made to the Chinese Government shortly before the' Chinese Reorganization Loan of 1913. The latter was arranged by the Old Consortium, to which Mr. Crisp was in opposition.
Text read from the printed page and cleaned; old type leaves the occasional error.