Peking, Dec. 10.
Peking's' proposal to issue a series of short term bonds over a period of 15 months to provide for the upkeep of China's legations and consulates abroad has aroused a discussion of local financial problems almost as involved as the gold franc question. According to the Chinese press the security for this bond issue will be the Russian Indemnity. Consequently cartoons in the local papers show the Ministry of Foreign Affairs walking off with a sack of money while the local schools, to whom Mr. Karakhan, the Soviet Envoy, recently promised the remitted Russian indemnity as a permanent endowment, stand looking on, pauperized and pathetic. In financial circles it is more specifically stated that the new domestic loan will be secured upon Customs revenues made available through the nearly complete amortization of the 4th Year Domestic Loan.
Text read from the printed page and cleaned; old type leaves the occasional error.