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A COMMERCIAL LOAN TO CHINA

BY AMERICAN CORPORATION. New York, December U. The New York "Times" correspondent at Peking reports that Mr. Bruce, president of the-Pacilic Development Corporation, in a statement said: "Wo liave loaned to China five and a half million dollars, and secured the surplus revenue on wine and tobacco. We contemplate additional loans, on condition that the Chinese Govern men t appoints an American as Associate Inspector-General. The loan lias no political significance. Wo are only devoting our energies lo develop American''trade in the Orient. The Pacific Development. Corporation has no connection with any' international finanio\al group. We hope to develop a market for Chinese securities in America."— Aus.-N.fl. Cablo Assn.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/DOM19191217.2.41

Bibliographic details

Dominion, Volume 13, Issue 71, 17 December 1919, Page 7

Word Count
114

A COMMERCIAL LOAN TO CHINA Dominion, Volume 13, Issue 71, 17 December 1919, Page 7

A COMMERCIAL LOAN TO CHINA Dominion, Volume 13, Issue 71, 17 December 1919, Page 7