THE NEW CHINA.
FINANCIAL CRISIS.
A FAINT-HEARTED PREMIER.
Peking, June 18.
The Prime Minister, Tang Shao Yi, has secretly fled to Tientsin. He explains that he intends to retire as he has lost the confidence of foreigners as to his hold on his party. Yuan Shih Kai and others are urging him to reconsider his decision. The Manchu division quartered in the Summer Palace started for Peking to demand pay. Yuan Shih Kai’s trpops intercepted them and quelled the outbreak, arresting the leaders. The unrest in Shansi Shensi and Shantung threatens to develop into an outbreak unless the troops are paid. The Government has appealed to the international financiers to advance 3,000,000 taels to avert a crisis.
FINANCIERS COME TO THE RESCUE.
(Received 19, 9.15 a.m.) Pekin, June 18. International financiers have ad vanced three million taels.
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Hawke's Bay Tribune, Volume II, Issue 157, 19 June 1912, Page 5
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137THE NEW CHINA. Hawke's Bay Tribune, Volume II, Issue 157, 19 June 1912, Page 5
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