A local bank, believed to be the tional Bank of the City of New: York, has agreed to leud $10,000,000 to the Canton regime. The security will be the 2} per cent, surtax, and other taxes collected by the vineial administration. The loan is used to stabilized the depreciated notes of the Central Bank of China.
'AS soon as news of this loan announced, the value of the banknotes increased five points, and their present worth is 65 cents to every Canton dollar.
Mr. Feng Cho-man is in charge of the provincial! treasury, and one of his many plans to raise. the notes to yar, is to borrow money from Hongkong. The Hongkong merchants and officials are willing to render help, as the Chinese offi cials show every indication of good faith and friendship. It is undorstood that Mr. Chu Chao-hsin, Commissioner of Foreign Affairs, took Prominent part in the negotiations for the loan.
Text read from the printed page and cleaned; old type leaves the occasional error.