Troop Repatriation and Costs of Kiangnan: Tls. 100,000 to Be Issued At a meeting of the Chinese General Chamber of Commerce held on Saturday afternoon, an import-, ant proposal was made for an issue of public loan bonds for adjustment purposes, Owing to the wars and fighting about Shanghai last year, and the year before, money had to be raised by the Chamber by loan for the repatriation of troops and for taking over and guarding the Kiangnan (Shanghai) Arsenal, The date for the redemption of these having arrived repayment has to be made, The proposal is that a public Joan should be contracted by issuing bonds in the sum of Tis, 100,000 in order that there might be no breach of faith on the part of the Chamber of Commerce. The proposal is that 1,000 bonds should be Issued for $100 each, bearing seven per cent. interest from the time of issue. The loan and interest is to be repaid in instalments within 12 years. The interest is to be paid out of membership fees of the Chamber, which will be increased, and the' Bank of China will be asked-to act as guarantor, The present chairman and committee of the Chamber, as well as future rman and committee members will assume responsibility for the repayment of this loan and the members will be permitted ab any time to examine the accounts. 'There will be no discount for the Joan, which may be transferred at any time, but the buyer in no ense shall he' other than of Chinese nationality. These bonds are to be taken up by the Chinese merchants for distribution, says the Kuo Wen News Agency.
At a meeting on Sunday—the moposals were unanimously adopted
Text read from the printed page and cleaned; old type leaves the occasional error.