$96,090,000 Issue Still to be Settled Reports have been in circulation during recent weeks that the "$96,- 000,000 Joan," as it is popularly called, would soon' be readjusted. This loan was issued by the Government at Pe-King In 1022 in two portions, one Chinese and the other Japanese. The former was for $56,000,000 and the miler for ¥.39,000,000, "Part of the latter was redeemed, but there Is still '¥.32,000,000 outstanding.
When a readjustment of China's domestic loans was made in 1932, there was no announcement in regard to the above toan, but it is still quoted fon the Jocal exchange and there is evidently a belief in some quarters that a readjustment in regard to it will be made some time or another. As a matter of fact, no immediate readjustment is likely, the Kuo Min News Agency has learned from responsible financial circles.
Recently Japanese representatives called upon the two Vice-Ministers, of Finance at Nanking, and enquired whether conditional payment of principal and interest was to be considered. It was explained to them that there were a number of difficulles to be overcome and that, in any event, the absence abroad of the Minister of Finance, Dr. H. H. Kung, made it impossible for anything to be done at the present time. The Japanese representatives concurred in this, view and the matter remains in abeyance.
It may be stated definitely, and on the best authority, that the rumours of impending readjustment are untrue.
Text read from the printed page and cleaned; old type leaves the occasional error.