BOXER INDEMNITY
♦ RUSSIA REMITS IT
It lias been officially announced at Nanking that the entire Russian share of the Boxer indemnity prior to 1924 would be remitted to China as a result of an agreement made when diplomatic relations were resumed recently, says tho "New York Times."
Because ;of tho • pressing business needs of b6th Powers, a now-commercial treaty will be consummated before negotiations for a non-aggression pact are started.
Tho Boxer "indemnity, ■which was assessed upon China by fourteen Powers after tho suppression of the Boxer rebellion in 1901, totalled 982,238,150 haikwan taols (j£. 135,500,000) principal and interest, to be paid in instalments from 1902 to 1940. -Russia's share of this was about £60,000,000. • After tho Russian revolution in 1917, China continued to pay tho instalments to the Russo-Asiatic Bank until July, 1920. Then she ceased making payments, and put them into a suspension account until 1924, when she entered into an agreement with the Soviet by which the funds were retained in China for Soviet supei-vision. The- amount to be remitted to China apparently is that placed in the suspension, fund during tho four-year period, i
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Bibliographic details
Evening Post, Volume CXV, Issue 64, 17 March 1933, Page 7
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188BOXER INDEMNITY Evening Post, Volume CXV, Issue 64, 17 March 1933, Page 7
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