CHINESE FINANCE.
A £25,000,000 LOAN
Vress Assn.— By Telegraph— Copyright.) PEKING, April 6.
There are growing prospects that the Five Power group of bankers will agree to a £25,000,000 loan for China, provided President Yuan Shih Kai accedes to conditions stipulated, placing the administration of the salt gabelle on a sound footing and arranging a certain measure of foreign supervision, note redemption, and currency reforms.
Tlie loans are partly intended, besides reforming the currency, to redeem short term loans arid strengthen the provincial
note issues
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Bibliographic details
Poverty Bay Herald, Volume XLI, Issue 13350, 7 April 1914, Page 3
Word Count
85CHINESE FINANCE. Poverty Bay Herald, Volume XLI, Issue 13350, 7 April 1914, Page 3
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