The Archive · 1936

Slight Stimulus for China Loans

Optimism Expressed by Sir Leith-Ross

London, Nov. 28, 'The market for Chinese loans has received a slight stimulus from the optimism shown by Sir' Frederick Leith-Ross in an address to the Royal Empire Society, the "Statist" declares, Sir Frederick pointed out that, with the excellent harvest in China this year, a significant amount of that counlry's purchasing power would be released, making it possible for China to buy & larger amount of comm ties in the world market, Further more, he stated, a prosperous China would be a favourable factor for Japan, The increased purchasing power of China may have a substantial effect on internal recovery, Sir Frederick The improvement of the market for Chinese loans, observes the "Statist" will, make it possible to raise new capital for further internal development, and particularly for the in-grease in railways and edmmunica It may, therefore, be expected, the journal "adds, that' the government will reinforce the steps lately taken to improve the external credit of China, which may well result ina firmer market when there isa greater degree of confidence in the stabillly of the government—Havas,

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

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