"With reference to the question recently raised in Parliament re-erding the Russian bonds of the Mineso Reorganization Loan of 018, the following: letter has eared in the "Binaneial 'Times' inci! by "Bondholder";—Sit,—In the "Financial Times" of november 24 was published: an. ex-use by which the Chinese authories endeavoured to explain away re confiscation of the Russian issue inds of the China 1913 Loan om British holders.
May I just direct attention to the Mowing: points:—1. Asea result of formal permission given by the British Gov. minent certain bonds of the Rus. an issue.were sold in the ordinary ay.of business on the London lock Exchange through members the highest repute on that Ex. ange, the British Government in. rectly receiving the proceeds ip change for certain stores of renieals, which were sent us sin to assist the Soviet Govern. ent in fighting the plague, 2. That the Chinese Government time followed the definite ursa laid down in. the Loan agreeent that had to be followed in. the ent of any bonds being lost or alen, that in its final notice in december, 1922, it made'its decision prospective for rather more than years, snaking it an imposbility to obtain evidence which ey insisted was necessary, inas-uch as many previous holders had ed, and, in addition,.in some untries—America, for example—it Rot customary to keep the numrs of bearer bonds.
8. The Chinese Government it-If refused to recognize certain idence supplied to.it by one of its nicipal agents to the effect that, -the interest on the bonds had en paid regularly prior to. the volution in December, 1917, the nds had been, in fact, properly red in exchange for provisional iP certificates, and, therefore, definite direct obligations of Chinese Government, It can hardly be wondered, there-re, that the bondholders, as a last. source, are asking Parliament to ce the matter up on their behalf, stating with a proper title the! purity: bought by them in the open niket at a fair market price, with-any previous notice of disability ching to the security, the trans. ions. being. formally sanctioned the British Government.
Text read from the printed page and cleaned; old type leaves the occasional error.