Peking, Oct. 16.
Financial gossip is centred inj the £15,000,050 loan which is alleged to have been completed between the Peking-Suiyuan Railway and the Belgian-Dutch group, with an advance, prior to the Festival, of £200,000, of which £150,000 was paid over.
it is reported that the local agent of the Dutch-Belgian group, having failed to secure the concession of the connecting line between the Tientsin-Pukou and Peking-Hankow Railways, agreed to make the loan for an extension beyond Paotu, towards Ninghsia on the condition of the £200,000 advance. He therefore telegraphed his European principals to advance credit for this sum.
The saticteats thinking that the negotiations for the cross-countly line had been completed, telegraphed credit through four banks—the Hongkong and Shanghai, the Chaztered, the Yokohama Specie, and the International Banking Corporation; but upon learning that the loan was on the Suiyuan Railway, which has already. a debt of $37,000.000, the principals wired their cancellation. Threa of the banks had, however, already paid.
Canton, Oct. 12.
Mr. G. L. Brander, who has been negotiating the loan of £2,000,000 for the Canton Government, has left for London to prepare for the issue of the bonds on behalf of Canton. The Provincial Assembly has still not approved the terms.—Reuter.
Canton, Oct. 17.
The Kuangtung Provincial As-sexlily has announced that no foreign loan will be recognized without the Assembly's approval and also declared in favour of public consideration of provincial finance. It is stated that it is likely that the Assembly will approve a £2,000,000 British loan for the purpose of currency reform on security of the tobacco! and wine taxes,—Reuter. 7 Peking, Oct. 19.
In connexion with the recent reports of a British loan to Canton, the Government has drawn the attention of the British Lagation to the Government's standing attitude towards provincial loans. Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.