Canton, June 9.
Following the issue of an order by the Canton Government requiring the International Savings Society and the Franco-Chinese Savings Society to. furnish necessary, securities, it is stated in official circles to-day' that the latter has complied with the request by handing the authorities $30,000.
However, the LSS. which has far more bondholders, is still awalting Instructions from Shanghai.
The Government, it is added, is determined to enforce the decree, fand may take measures requiring ail [Chinese bond-holders of the 1 to cancel their bonds in the event of the Society ignoring the Government order.
Despite official action, must bondholders are stilt paying their premiums_as usual.
The Chinese press to-day, support. ing the Government move, indicates that the LSS. has collected several million dollars from the Cantonese.
The present developments are pi ing bondholders ina dilemma the surrender of their bonds would entail a substantial loss while con-{inued payment would constitute an offence against the local government.
Text read from the printed page and cleaned; old type leaves the occasional error.