Negotiations for Resumption Nanking, Oct. 6.
Dr. 1. H, Kung, Minister of Finance, announced to-day. the following offer concerning resumption of service of the 8 per cent. 10-year Notes of £600,000 issued. pursuant 10 the agreement of August 27, 1018, between the Chinese' Government and Marconi's Wireless Telegraph Company Limited; and the Chinese Government "8 percent, 10-yea! Negotiable Sterling Treasury Notes of £1,803,200 issued pursuant fo the agreement of October 1, 1919, between the Chinese Government and Messrs. Vickers Limited:
Interest to be pald at the rate of 1% per cent. per annum for the year commencing July 1, 1080, with Annual rates increasing "by %& per cent. yearly up to 3 per cent, in 1942-48, and 3 per cent. thereafter until the bonds are fully paid, Payments semi-annually on December and June 20, 2—Principal repayment to begin June 30, 1941, with 1 per cent, per year for the first three years; 2 per ent. for the next four years; 2% per cent. for the next eight years; 3 per cent. for the next eleven years; and 4 per cent, for the last. nine years ending with 19%, Drawings to take Place during March of each year beginning in 1941. The Government. to be entitled upon reasonable notice and without premium to increase the amount @{ principal retired on: any payment date, 3—Payinent of interest and prinelpal to be secured on the salt revenue Of the Chinese Government subject to payments therefrom in respect of existing Joan charges and. commitments, 4—All arrears of interest up to June 30, 1936, to be cancelled.
Text read from the printed page and cleaned; old type leaves the occasional error.