London, June 11.
There is no truth in the rumours of a scheme to grant credits to China having been concluded, according to inquiries made in the City today.
Such a scheme is understood to be under discussion, but nothing concrete has yet emerged.
Banking circles in close touch with Chinese affairs disclaim any knowledge of such impending transactions, The rumours, it is pointed out, probably arose from confusion, of Chinese drawings on revolving credit line, which were previously arranged against silver and other collateral, with the granting of fresh credits, On the other hand, it is known that Chinese authorities have been seeking to raise money in London against commodities like wolfram, So, for, however, they have not been successful, Mr. Quo Tai-chi, Chinese Ambas-seder in London, left for Paris last night to meet Mr. Sun Fo, President of the Legislative Yuan.
No mention is made in ial or other newspapers today ofthe current rumours in Hongkong to the effect that large credits have been granted by Great Britain to China,—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.