The problem, as the writer has stated it, was one of many months gone, upon which a report was long since submitted and, printed. The existing problem is the same but of different aspect. The French attitude has long since been that the rehabilitation of the Banque Industrielle is a matter by itself and has nothing to do with the payment of the Boxer Indemnity in gold "francs. By separating the two issues, the memory of the original controversy has been erased from the mind of the Legations and the foreign bankers and all foreigners now unite in voicing the opinion that the Chinese are in treaty bound to pay the indemnity in gold francs at the treaty-stipulated exchange. They even applaud' the Banque de 1'Indo-Chine for its resolution in withholding the Salt Release in the face of Chinese uppishness.
The Chinese bankers have not, however, forgotten the former association of the two issues. They are still obstinate enough to believe that if the Boxer indemnity should be paid in gold francs the Banque Industrielle rehabilitation should be -met in gold francs or that both should handled at current paper franc exchange rates, granting no bonus to the French Republic on the score of generosity, to the detriment of Oriental investors and depositors in the Banque Industrielle.
Text read from the printed page and cleaned; old type leaves the occasional error.