AFFAIRS IN CHINA.
SEARCHING FOR PIRATES. By Telegraph—Press Association—Copyright London, May 19. Count Waldcrseo reports that the German gunboat Itiis is searching tho Chinese coast for pirates, who are rerepeatedly enforcing exactions, south of Shangliaikwan. . THE INDEMNITY. AN EXPEDITION ABANDONED.
By Telegraph—Press Association—Copyright (Received May 21, 12.25 a.m.)
London, May 20. Dr Morrison states that Great Britain and America alono oppose joint guarantee of tho indemnity. Count Waldorsee has adandoned the proposed expedition to Southern Pechili, Great Britain declining to co-operate.
Sir E. Satow declares that tho indemnity is excessive. Groat Britain favors a reduction. Immediate payment would probably causo bankruptcy. Satow proposes that China should issuo four per cent, negotiable bonds plus half per cent, sinking fund, secured on a salt tax, native customs, an increaso of land and sea import duties to an effective five per cent.
In order to further lighten the bqrden Sir E. Satow suggests that China issuo bonds at par for three Hundred million taels now, and the remainder five years hence.
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Bibliographic details
Gisborne Times, Volume V, Issue 112, 21 May 1901, Page 2
Word Count
168AFFAIRS IN CHINA. Gisborne Times, Volume V, Issue 112, 21 May 1901, Page 2
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