CHINESE LOAN

Evening Post, Volume LXXXIV, Issue 64, 12 September 1912, Page 7

CHINESE LOAN

AGREEMENT SIGNED IN LONDON. By Telegraph,— Prese Association,— Copyright. LONDON, 11th September. | The Chinese loan negotiations have been, proceeding in London since tho middle of July, and an agreement was I signed on 30th August for a loan of £10,000.000, carrying interest at the rate of 5 per cent., and with a currency of forty years, secured on unpledged securities, chiefly the 6alt tax. The loan is to be free from the supervision which the Bix-nations syndicate propoaed as a condition of advances to the Chinese Government. [The Sydney Sun published on the 6th inst. a cablo message stating that "the Chinese Premier is so disturbed over the international developments that he has decided not to resume his duties at the expiration of his .leave of absence. He is likely to follow the pre- x cedent of General Tang unless his tesignation is accepted. There is a new development in the loan situation »b the result of an agreement with Lloyd's and the Union Banks in London. These banks' loan of ( £10.000,000 inspires the belief that China will be able to overcome tho demands of the four Powers, and it is expected that a Not* will bo sent to them informing them that their services are not required.]