The Archive · 1930

Feo Our Ows Connesronoent

London, Oct. 2.

Great attention has been paid this week to Chinese finance. The firmness of the Chinese group of stocks was pleasing and was due to the efforts to restore peace, assurances that the integrity of the Customs administration would be maintained, and the notification regarding the Payment of No. 44 coupon on the 1908 loan. The last named stock closed 4d higher, and 1912's added 8%, while in the Customs group 1019's were prominent with a gain fof 24. "Inquiries were reported for several of the Railway Loans, which appreciated.

Attention is drawn to. Chinese)

Customs loans because of the retirement next year of the Four Per Cent. Gold Loan 1895, to be followed in February 1982, by that of the Five Per Cent. Gold Loan of 1896, This will leave the Four and a Half For Cent. Chinese Gold bonds as the first charge on the Maritime Customs revenue, the receipts from which latter give generous margin of security to the loans secured upon them. The Boxer Fives 1898 stand at 84, Following them is the Five Per Cent. Gold Dollar Bond 1925-47, usually called the Boxer Join owing to the fact that it formed part of the indemnity' imposed after the Boxer rising of 1900. 'The French portion of this indemnity is in dollar bonds, and efforts to popularize them in' Lon don have been made on many occa sions, though not with any great amount of success. They can bought in London at 74 or there-bring to a close for the moment at all events, the interminable civil war which causes almost as much hharm to this country as it does to China, By the way, we do very much regret the cowardly and murderous assault on Mr. Putnam People were a Itttle apt to zo his action in connection with the Commissionership of Customs at Tientsin, Dut there is not single person who can be found, 1 need hardly say, to approve the fact of an assassin. On the whole, if China plays her cards well in the future, the outlook is very muck, Setter than it has been for some The "Financial Times" also. utilizes the opportunity to publish the following little friendly note regarding China:—

Other nation awake as our 0

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account