CHINA AND FRANCE

Evening Post, Volume CIX, Issue 93, 22 April 1925, Page 5

CHINA AND FRANCE

FINANCIAL AGREEMENT.

(Received 22nd April 11 a.m.) PEKIN, 21st April. It is understood that letters - which have been .exchanged between the Foreign Minister and the French Minister settling the question of the gold franc, are being issued simultaneously to-day in Paris and Pekin. _ The French agree that the unpaid balance of the French share of the Boxer indemnity shall bo retroceded to China. They also agree to consider the service resumed from Ist December, 1925, in-, stead of Ist December, ■ 1922, refunding to China twenty-four monthly instalments, matured and postponed. China agrees that the balance of the' indemnity, calculated on the basis of the telegraphic transfer in accordance with the 1905 protocol, with the eventual exchange profit which might have resulted worn this mode of payment, should be converted into American 'gold dollars and advanced to the Banque Industrielle, but i n 2, mi? ltles from lst December, 1924 in n' 3" °rder u to seeul'e a l0!"> 'ssued n gold dollars bearing S per cent, interest redeemable by 23 years' bonds, applied to the Far Eastern creditors or tne Banque Industrielle \ and Franco Chinese educational and philanthropic jnahtufaons according to condition ye a' ly to be determined by Pekin