Sanctioned by International Commission: 200,009,000 Ounces Ready Before February 15
HINA'S request for a. loan of 200,000,0) ounces of silver has been granted by the International Silver Commission now in session at Salt Lake City, Utah. The loan will be made before February 15, according to a United Press despateh. Keen interest has been mani st in banking circles all over the {world during the lust few days, following proposals for separate Joans for the development of particular lines of import and trade foreshadowed by Canada and the United States. They emphasize that such x loan will have to take the form of international government credit.
The proposal has met with varying response at the several centres involved.
Mr. T. V, Soong, Minister of Finance, while admitting that the fall in silver has seriously affected China's financial condition, declares the proposed loan as being "obviously detrimental," and that other means are needed to restore a better exchange between silver and gold.
Competent observers in the United States are cautious in their comments, pointing out that the proposal is nebulous at present and is merely a recommendation. Some quarters place emphasis on the fact that China already has enough Iver without obtaining more which would only further depress silver values.
Text read from the printed page and cleaned; old type leaves the occasional error.