CHINA'S EMPTY PURSE.
URGENT NEED FOR LOAN. PRICE OF JAPANESE AID. Australian and N.Z. Cable Association. (Reed. 7.30 p.m.) NEW YORK, Sept. 25. The Fekin correspondent of the New York Times states that an international banking group, which is visiting Pekin, at first decided not to advance loans to China until peace questions have been arranged, but that now the group is seeking authorisation from the Home Governments to lend money to China immediately, in view of the latter's desperate financial plight. The Chinese have been greatly aroused by a report that an initial loan of 100,000,000 yen (nominally about £10,000,000) has been granted, but that it. is to be secured on the national copper and iron mines, which, it is feared, will involve Japanese railroad construction on the northern frontiers, thereby shutting off China from Mongolia.
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New Zealand Herald, Volume LVI, Issue 17276, 27 September 1919, Page 9
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137CHINA'S EMPTY PURSE. New Zealand Herald, Volume LVI, Issue 17276, 27 September 1919, Page 9
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