Peking, Oct. 30.
With reference to the report that negotiations for floating on the New York market a Ican of $19,900,000. on behalf of the Oriental Develop. ment Ca. through the National City Ca., have. been virtually completed, a spokesman of the Japanese Legation states that it is 2 misapprehension to assume that the loan will be employed for tha development of Manchuria. It" will, he says, be used for the redem} the old loans of the Nation The Oriental Development Ca. has some years acy during the Period, when several million yen were invested in immovable property such as houses, mainly in The Company lost-considerably in this venture, after which it confined its attentions to Korea Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.