CHINESE RAILWAYS.
-4 AN ANGLO-GERMAN LOAN. By Telegraph—Press Association—Oopyrlerht (Rec. May 3, 10.30 p.m.) London, May 3. The Shanghai correspondent of the "Morning Post" reports that the now agreement for a loan of ..£4,000,000 for the construction of tho Tientsin-Pukau railway has been, signed.
The loan is divided between British and German syndicates. [In the competition of Anglo-French capitalists, German capitalists, and United States capitalists, for tho-privi-lege of making loans for Chineso railways, the Tientsin-Pukau line has achieved some notoriety. Last year tho Peking correspondent ■of "The Times" allegod that frauds had been committed in the disposal of tho loan moneys, and urged that the terms on> which competing capitalists were advancing loans wero too loose to prevent, fraud and waste. "Pukau terms" became a by-word ,in the. controversy, in whioh the principal opponents were British and German financiers.]
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Dominion, Volume 3, Issue 808, 4 May 1910, Page 5
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139CHINESE RAILWAYS. Dominion, Volume 3, Issue 808, 4 May 1910, Page 5
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