CHINESE FINANCE
PRIVATE LOAN SECURED. Australian anJ N.Z. Cable Association. NEW YORK, December 14 The "New York Times" correspondent at Pekin reports that Mr. Bruce, president of the Pacific Development Corporation, in a statement said: : "We have loaned to China five and ahalf million dollars, and secured the surplus revenue on wino and tobacco. We contemplate additional loans, on condition thai' v tho Chinese Government appoints an American as Associate Inspector-General. The loan has no political significance. Wo uro only devoting our energies to develop American trade in the Orient. The Pacific Development Corporation has no connection with any international financial group. We hope to develop a market for Chinese securities in America."-
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https://paperspast.natlib.govt.nz/newspapers/NZTIM19191217.2.34
Bibliographic details
New Zealand Times, Volume XLV, Issue 10464, 17 December 1919, Page 5
Word Count
113CHINESE FINANCE New Zealand Times, Volume XLV, Issue 10464, 17 December 1919, Page 5
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