The Archive · 1936

Nanking to Raise Railway Loan

Banks Invited to Back Con struction in Provinces Shanghai, Apr, 2:

During his recent visit here, Mr. Chang Kia-ngan, Minister of Railways, approached local banking ¢ircles for a loan for the construction of new railways in Kweichow, Yun~ ran, Szechuan, Kwangsi,.and ' other provinces, and the extension of the Peiping-Suiyuan, Kisochow-Tsina Railvays, and other lines, The proposed loan, it is learned:

be secured on a portion, of the 'Third Period Railway Construction Loan, amounting to $120,000,000, the issuance of which recently was 9P-proved by the Central authorities Further negotiations are' expected take Place between the Ministry of Railways and the three Government banks—Central News.

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

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