Shanghai, Mat FFROM London comes the interesting announcement th the]
flotation of a British loan to China has been mooted in Shanghai, but the proposal has been rejected by the Foreign Office.
Havas makes another statement, on the authority of the New York correspondent of the Agence Economique et Financiere, that the United States would grant China a loan designed to stabilize her currency and consent to the creation of.a speci exchange fund, and that the U.S. Treasury has assured China that it would do its utmost to alleviate the pressure exerted on the Shanghai market by the American silver policy.
Sir Alexander Cadogan, the British Minister to China, yesterday, according to Reuter, categorically denied that Great Britain had proposed a loan to China, although he admitted there had been an exchange of views concerning the country's financial] situation, A communique issued by the British Legation in Peiping stated:
In-view of misleading reports which have been circulated on the subject, His Majesty's Minister desires to state that no proposals have been made by His Majesty's Government for a loan to China.
The facts of the matter are that the present financial situation in China has recently formed the subject of an exchange of views between the Chinese Government and is Majesty'
Government.
"His Majesty's Government is naturally anxious to see China afforded such assistance as may be possible in connection with these financial difficulties, They are convinced tha in such a matter, it is essential to act in consultation with other interested Governments, whom they have therefore informed of their discussions with the Chinese Government, and whose views they would desire to have on any concrete proposals that may emerge."
France May Join In Paris, Mar. 7, It is believed in French financial lrcles that an international loan China is favourably envisaged by the French authorities, It 1s held that euch an operation would conform with @ policy of sound currency. No reliable information on the subject, however, is available, America, it is considered here, would be glad to seize the occasion to compensate, China for the dis advantage she has suffered owing to America's silver price-raising policy. Reuter, The Japanese Minister's
Text read from the printed page and cleaned; old type leaves the occasional error.