London, Feb, 12.
'The "Investors' Chronicle" publishes. the following, headed." "New Bue Polices in China" in ite eurreat The recent Introduction df. sth shanghal-Hangchow-Ningpo_Comple~ tion Loan on the London Stock Bxchange was @ portent for holders of Etineee Bonds it confirmed, the reedy growing conviction that @ new Dolley ig directing the Chinese Gov-[eonment's finances. As is generally Known, Chinese loong fall into. three categories. The first,—which holds fasily the highest stof, i the group of Customs Loans—the 4% per cent Gold Loan of 1898; the 5 per cent. Gold Dollar Bonds of 1925; and the Spor cent. Reorganization Loan of 41013, Soterest and. amortization has been paid without "Interruption on each of these issues. Next to them regaler but amortization arrears which, however, are now be-Ing overtaken by" double payments leach year. The Vickers and Maroon, mediately after their issue in 101 Only at the end of 1936 did they' receive an offer for resumed service: Finally there are the Railway Loans of which only one, the 5 per cent, Peking-Mukden issue of 1890, has! received regular payments, All the rest have fallen into greater or 1635 arrears but all are now promised 0 Fesumption of modest Interest pay ment by the various schemes of 1996.' was strong, And' when anally ° on 'November 6,,1035 'China "abandoned her ancient' aliver standard, -Japan hinted at machinations by the Trea" sury and the United States,
Text read from the printed page and cleaned; old type leaves the occasional error.