BOXER INDEMNITY.

Press, Volume LXI, Issue 18364, 23 April 1925, Page 9

BOXER INDEMNITY.

PAYMENT OF FRENCH SHARE. A NEW AGREEMENT. (bt cable— pbbss association—copteioht.) (hevter'b telegrams.) PEKING, April 21. It is believed that the letters exchanged between the Chinese Foreign Minister and the French Minister in Peking, settling the gold-franc question, will bo issued simultaneously today in Paris and Peking. The French agree that the unpaid balance of the French share of the Boxer indemnity bo retroceded to China. They also agree to consider the service resumed from December Ist, 1924, instead of December Ist, 1922, refunding China the 24 monthly instalments matured and postponed. China agrees that the balance of the indemnity be calculated on a basis of telegraphic-transfer in accordance with the 1905 protocol. Any profit which might have resulted from this mode of payment should be converted into American gold dollars and advanced to the Banojue Industrklle by annuities from December Ist, 1924, to 1947, in order to secure a loan issued in gold dollars bearing 5 per cent, interest and redeemable in 23 years. The bonds issued as above are to be applied to Far Eastern creditors of the Banque Industrielle and Franco-Chinese educational and philanthropic institutions, according io conditions yearly determinable at Peking.