£25,000,000 FOF CHINA.

New Zealand Herald, Volume L, Issue 15308, 22 May 1913, Page 7

£25,000,000 FOF CHINA.

FIVE-POWER LOAN ISSUED.

By Telegraph.— Association.— London, May 20. The Chinese five-Power loan of £25,000,000 has been issued. Of the £7,500,000 which is being issued in London at 5 per cent, at 90, £3,000,000 has been applied for and fully allotted. NATIONS INTERESTED IN THE LOAN. The much-talked-of six-Power loan, for China became a five-Power loan when the American financiers withdrew owing to President Wilson having refused to give officiuksupport to the scheme. The nations left nsthc group are Great Britain, France, Germany, Russia, and Japan. Belgium, it has been lately stated, is taking a portion of Russia's share of the loan.'": It was stated last month in the cablegrams from Pokin that the deputies of Knomingtang, or Southern Party, desired to cancel the loan. Advices from Shanghai stated that Dr. Sun Yat Sen had warned the Consuls that the completion of the loan without reference to the National Assembly would provoke a breach between the North and South. The leaders of the Knomingtang declared that the South would repudiate the loan, and would fight unless Yuan Shihkai (the provisional President of China) retired. It was announced in February that with certain unimportant reservations the loan was to be used exclusively for the following purposes: 1. For the Central Government's liabilities. - 2. The redemption of outstanding provincial loans. 3. The payment of losses arising from the revolution. 4. The disbandment of troops. •'-.'". i 5. The redemption of a certain amount of Government provincial notes. 6. The payment of the current expenses of the administration. .-,-■: 7. The reorganisation of the salt administration. ," "