The better news is reflected in greater interest on the Stock Exchange in Chinese securities. During the present year the Enj 44% Gold Loan, 1808—$098,425 £26,953 Jan, 104% 5% G.$ Bonds "Htoxer")-—"$40,602,450 9,272,278 Dec., 104 5% Reorgantzation, 1913 23,820,846 1,400,050 July, 19 Months of annual drawings: repay ments occur a'month or two inter, In the following table the same Joans are given, showing current: quotations, the yields and interest: dates: Flat Red'n Int.
Price yield yield) dates 45% Gold Loan, 1895—ai)" $18 9 8 18 9 Jan,, July. 5% Gold Loan, 1800—D085 0.8 5 5 0 Apr, Octo 44% Gold Loan, 1898—82" 10 5 16 OMay, 8 5% "Boxer" Bond 07.87 69 Jan, duly Reorganization 1913—Gib 707-37 0 Jong Tulse Briefly, the position resolves, it self thu:
The final drawing for the 18 bonds takes place next March:
There are two more annual draw-
1g8 at par for the 1896 bonds, viz.n february, 1931, February, 1982:
When these two louus are extinguished, the 1808 issue-becomes the. first charge. From this it will be seen that the prospects of the Reorganization Loan of 1913 (the last: of the five as they now stand) can be regarded as exceptionally favour able. Exen the. Customs-secured cannot be regarded as "safety investments, and most of the others fall definitely into the specu lative category.
Text read from the printed page and cleaned; old type leaves the occasional error.