The Archive · 1935

Relief for Coal Industry

Huge Loan Reported to Have Been Arranged 'A huge loan for the relief of the Chinese coal industry was reported on Monday, Aug. 26, io have been ar-Fanged between the Ministry of Gustry and a foreign syndicate in Shanghai. The Chinese coal merchants had approached the authorities bonds. fon was turned down previously for-Motation of $20,000,000

According to Chinese reports, the Ministry of Industry has established a special committee for the administration of financial relief among the coal merchants. Those who are. need of relief may approach the committee, who will in turn arrange with "the syndicate for a portion of the: loan." No confirmation of the loa"

could be obtained.

Text read from the printed page and cleaned; old type leaves the occasional error.

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