The Archive · 1931

Proposed Canadian Loan

It is pointed out here that the silver loan suggestion of _the Senate sub-committee on Sino-'American trade dovetails with the! plans of the Canadian Ministry of Trade, which is credited here with proposal for a £200,000,000 lean to China with the object of reste ing the value of silver and aiding China's rehabilitation—Reuter, Tokyo, Jan. 9.

According to a report from the Japanese Minister to Canada, he secured an interview with Mr. Stevens, the Canadian Minister of Commerce, on the Sth instant on the question of the mission of the Hon. H. H. Marler, the Canadian [Minister in Tokyo, who recently made a trip to China, In answer to the Japanese Minister, Mr. Stevens stated that Mr. Marler proceeded to Nanking to start negotiations with the Nanking authorities regarding the sale of Canadian] wheat, Referring to the reported flotetion of loans by the Canadian Government in favour of the King Government, the Canadian Minister of Commerce said that the present world-wide business ée-pression could be attributed to the unbalanced and for its remedy the development of the Far East, especially the China markets, would be absolutely France, Alarmed 2 Paris, Jan. 9. clit cothinérclal circles are alarnied "over British press reports fon the decline of silyer'in China. Tt] Ss gonevally thought that with the change in exchange the. Chinese Government will have difficulty necessary.

In order to achieve this end, continued the Canadian Minister, the Betterment of China's. economic conditions and the yeforination. of Chinas, monetary system, would be sine qua. non.

In conclusion Mr. Stevens added that Great Britain had given a

Text read from the printed page and cleaned; old type leaves the occasional error.

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