How Mr. Wang is going to handle the "gold franc question" when he gets into office, is a matter of varied speculation. Tu outline the issue may bear reviewing.
The French Government, some little time ago, decided to remit the French Boxer Indemnity and to use a portion of these remitted funds for the rehabilitation of the Banque Industrielle de Chine. Tke idea was to re-establish French credit among the Chinese and at the same time and with the same stroke to establish with Chinese officialdom a reputation for generosity.
According to Chinese accounts, the French authorities were not content with this morally profitable arrangement, but decided' that a material profit might just as well be made under cover of the same sweeping gesture of generosity. According to the financial annex to the Boxer protocol the French indemnity was payable at a fixed "gold france' exchange. Chinese, therefore, in resuming "indemnity payments, were liable according to this fixed exchange.
Text read from the printed page and cleaned; old type leaves the occasional error.