A FINANCIAL PANIC
A 'inanuial panic occurred in Peking o-i Saturday. Thoro were runs on the Government banks and native eashshops, but the disturbance was temporary.
The \Vm Office*'t1 overtures with four foreign banking groups for a short loan to provide for the payment of the northern troops met with the objections that (i) 7f financing was .begun it must bo. continued although the future was uncertain ; ("2) the aim in -securing loans was obviously to induce the revolutionaries to believe that foreigners were contributing to suppress the revolution; (3_) the Throne should ha compelled to di,vgorgo it> hoarded millions.
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Bibliographic details
Wanganui Chronicle, Issue 12824, 17 October 1911, Page 5
Word Count
100A FINANCIAL PANIC Wanganui Chronicle, Issue 12824, 17 October 1911, Page 5
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