The Archive · 1938

Cash Payment of Bonds Possible

Measures Drawn Up by the Central Bank The petition of the Shanghai Chinese Bankers' Association for the payment of interest and principal of Government bonds in cash instead- of Wah has received fa consideration by the Mini Finance. according to information obtained here yesterday, The Central Bank of China has been instructed by Ministry to devise adequate mea-sun to act on the petition.

As the payment of the five classes ut Consolidated Loan amounting to $51,233,500 is due tomorrow but which will be postponed to Monday, it is doubtful if the measures already drawn up, by the Central Bank will be carried out. These measures, ccording to a Chinese report, are awaiting approval by the Ministry.

The five classes of the Consolidate: Loan duc for payment of interest ard principal fororro are: Class A, 6,169,500; Class B, $5,160,000. Class C. -12,040,000 Class D, $18,920.00; and Class E, $8,944,000.

Funds for the reimbursement of the above bonds have already been ear-irked. Acc ing to a ruling of the Ministry, sums below $25 are to be paid im cash. Hence the petition of the Chinese Bankers' Association,

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

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