The Archive · 1935

Harbin Seeks Japanese Loan for Railway

Tientsin, Oct.

making preliminary plans for nego-The Municipality' of Harbin tiations with a Japanese bank for a Toan of $240,000 for the construction of a light railway through the in-@ustrial' section of the city. The Municipality's request for a similar oan is reported to have been reject fed by the Central Bank of Manchou-Kuo—Central News.

Nanking, Oct. 6 'That a period of grace be granted the factories and stores in Shanghai for the settlement of long-term loans, which fall due at the end of this month, is ordered by the Ministry of Finance, in identic communications to the Shanghai Bankers' Association and the Shanghai Native Bankers' Gua.

"The order was issued at the request fof the Shanghai Native Factories' 'Association, which pointed out that though the difficult' period in. April ast was tided over "by small credit loans, the business depression Shanghai is still so serious that factories and stores whose loans mature at the end of October will not be in position to repay them—Kuo Min,

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

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