The Archive · 1936

Peiping Municipal Loan Postponed

Peiping, Sept, 25.

According to Mr. Lin Shih-cheh, Director of the Bureau of Finance the Peiping Municipality, the issue of the "municipal loan $3,000,000 has been postponed from October 1 to November 1. The rate Of interest per year has been raised from 7 to 9 per cent.

Mr. Lin confirms the statement of Gen: Chin Teh-chun, the Mayor, that' bonds of the loan wilt not be ul on the market, but" will be mortgaged with banks—Reuter.

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

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