Arranged with French Holders of Petrograd Bank Shanghai, Jan, 1 Dr. H.W. Kung, Minister of Fine ance, announced.' to-day that settlement has been reached of differences existing for a number of years between the Chinese Government and the Banaue Internationale Jde Commerce de Petrograd (now established in Paris), with respect {to the disposition of funds remitted that bank as paying agent for the service of the 4 per cent. Gold Loan of 1895, The settlement releases funds whereby certain bonds and Jcoupons of this loan presented after the final date of payment (July 1, 11991) and now deposited at certain fof the paying banks in Europe, may paid. These bonds and coupons Jare now being cashed in accordance with instructions communicated by the Government to the paying banks.
This settlement will " permit the complete liquidation of" this loan, which has enjoyed a senior position on the Customs security, and represents a further step toward improve iment of the credit of Chinese obliga~ tions.—Kuo. Min,
Text read from the printed page and cleaned; old type leaves the occasional error.