The Chinese Embassy here declined to comment on the reports.
Mr. Soong's secretary told the "United Press" that Mr. Soong "has no news" and declined to confirm or deny that a loan had been obtained.
Mr. Warren Lee Pierson, President of the Export-Import Bank, said he knew nothing of the reported loan. He pointed out that in any case the bank did hot Shave that much money to loan.
Department of Commerce officials also disclaimed, any knowledge of the report.—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.