London, Jan. 12.
The statement by Dr. Franklin Ho, the newly-appointed Vice-Minister of Economics, that China may default on her foreign loans, brought consternation on the Stock Exchange to-day, where Chinese loans dropped from about ten to fifteen points in final dealings, with no buyers in evidence.
A leading British bank, in an in. terview with Reuter to-day states: "We have not bought or sold a single Chinese bond during the past week. This shows you the nominal state of the market."
Conditions in the Far East in recent years have represented à trial of strength for the Hongkong and Shanghai Banking Corporation, says the "Financial Times" to-day.
In stressing the maintained dividend and the carry forward, which is bigger than in 1936, the journal says: "a surprisingly good result in the ci The "Manchester Guardian, in Bourse Reflects Unce
Text read from the printed page and cleaned; old type leaves the occasional error.