Hongkong, Jan, 27.
The report that a foreign bank in Hongkong has agreed to advance 4 loan of $10,000,000 to the Canton Government appears to be without foundation. Some negotiations no doubt are going on between the Canton regime and the local banks, but so far nothing definite has come out. The Canton press last week tated that the foregoing loan had obtained from the Instone Banking Corporation, a newly-organized bank in this Colony." This Statement turns out to be premature, Jan, 80, It is understood! that none of the big foreign banks in Hongkong has agreed to grant a loan to the Canton Government, According to an official of one of these banks, no one can tell how long the present regime will last, as General Chen Ming-chu is anxious to be the military leader in Canton. Other aspirants, are Generals Chang Fa-kuei, Fang 'Ting-ying, Chien Ta-chun, all being adherents' of Marshal Chiang Kale shek, Another deterrent factor is, that" Li Chichsin, forcibly took {$6,000,000 from the merchants une der the pretext of stabilizing the banknotes Inst September, but that Joan has disappeared and' the Central Bank now has not any. silver reserve at all, Yet another discouragement is, the Tack of a guarantee that the Canton militarists will not spend new Joan on other items than to raise the notes to par. The Canton 'regime requires money not only to maintain its own armies. but also those of Generals Pei Hsung-hel and Chung-jen. The depreciated notes have caused untold. suffering and hardship to the public in Cane ton, and in Hongkong they are not accepted at all. The present fina cial crisis is the worst within me-
Text read from the printed page and cleaned; old type leaves the occasional error.