F24,600, 008 Lerma iby Eresich Syndicate Concluded The project for the construction a. S23-kilometres railway linking Chengtu and Chungking, in Szechuen, fg nearer realization, following the conclusion of a $94,500,000 French loan. The loan was concluded on Dec. 1G between the China lent Finance "Corporation, "acting half of the Chuan Chien (Szechuen-Kweichow) Railway Ca, and the Banque Franco-Chinoise pour lo Commerce et Mndustrie, acting on behalf of a French syndicate, Mr. T. V. Soong, managing director of the Corporation, who announced the conclusion of the loan to a representative of the—"North-China Herald," said the projected railway will traverse the richest part of Szechuen and is expected to be constructed in 2% years. The estimated cost of construction is about $54,500,- 000, of which $20,000,000 willie furnished by the Chuan Chien Railway Ca, and the balance by the French syndicate, to be redeemed in fifteen years. Of the loan furnished by the French syndicate. $27,800,000 will be in material and freight to Chungking, and 37,000,000. in. cash. The loan is guaranteed unconditionally by the Ministry of Railways.
The Chuan Chien Rallwi formed under a special granted by the Executive Yuan. on March 21 this year, with an initial capital of $20,000,000. Of the total capital, "$11,000,000 is composed of private funds underwritten by the China Development Finance Corporation, $4,500,000 is. subscribed by the Ministry of Railways, and $4.500,000 by the Szechuen Provincial Government
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