MONEY FOR GERMANY.

Auckland Star, Volume XLVII, Issue 18, 21 January 1916, Page 6

MONEY FOR GERMANY.

TRADE INTRIGUE IN CHINA. The Peking correspondent of the 'Times" cabled on November 17:— 'Message from Europe, declaring that 3erman trade with China has been extinguished, are seriously misleading. IYade has been affected by the disappearmce of German shipping, but there are still considerable export's of Gennaiiawned and German-financed commodities, which are shipped through Chinese firms in Chinese, Japanese, Norwegian, and Danieh bottoms to America. All the machinery of business is maintained .for a resumption of full trade immediately the war ends. "Meanwhile it is necessary to bear in mind that at present Ihe largest buyers of gold in China are the DeutachAsiatische Bank, who chip large quantities by every mail to America by registered parcel post in bamboo tubes, each containing 40ozs. Obviously the German^ r here,..ha;j£e, abundant money available for unscrupulous propaganda among the Chinese, especially the Mohammedan Chinese. This money is provided by the Deutsch-Aeiatische Bank from the proceeds of the service of the German share in the. Boxer indemnity, amounting to £2,000 daily, the German eliare of the Anglo-German loans of 1890, 1898, 1008, and 1010, and the quintuple loan of 1913, amounting to a further £4,000 daily. The total annual amount id £2,180,000 and is paid into the German bank by the Chinese Government, who are faithfully fulfilling their engagements under the loan contracts. "In addition, *.rge sums are due to Krupp's agents and other German arms dealew, amounting in the aggregate to several millions sterling* and bearing interest at 0 per cent, and upwards. Money is so abundant that the Germans boast that it hag never been so plentiful as at present. Commenting on the recent failure of the Government's proposal to obtain advances of 10.000,000 tacls ( x.1,500.000) from the quintuple hanks the 'Peking Gazette' hinted that the entire amount would be' obtained from the Deutsch-Asiatische Bank. " Surely the time has come when, under British Government direction, the two chief British banks in China, the Chartered and the Hongkong and Shanghai Banks, should make a combined effort wholly to supplant the German bank, wose co-operation -with the British hanks in the past was constantly gravely prejudicial to British interests, and whose mischievous activities now threaten seriously to affect the position of the Allies in China."