Canton, Dec. 6.
'The Chinese press repens that the Kwangtung Provincial Government are contemplating efforts to secure a loan of $20,000,000 from banks in the United States' for the purpose of buying machinery for a new iron and sled works, the construction of which. is provided for in Kwang-Jtung's three-year reconstruction plan, It Nanking approves, negotiations for the Joan will be opened, but it is not mentioned whether it will take the form of actual cash or machinery.
Official circles state that the Provineial Government are facing a heavy budget defer, owing to the irop in revenue consequent upon the abolition of over 100\ miscellaneous taxes, and therefore are badly. in need of money to finance reconsiruction projects—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.