LOAN FOR MOROCCO

Taranaki Daily News, Volume LII, Issue 277, 31 December 1909, Page 2

LOAN FOR MOROCCO

FRANCE'S TERMS ACCEPTED. By Cable.—Press Associat-iou-Copyright Paris, December 20. in connection with a projected Moroccan loan of £3,200,000 to be floated in tans, the envoys of Mulai Halid (Sultan of Morocco) have accepted France's turns. Hose include a scheme for the policing of Morocco and other measures

Negotiations for a loan have been pro. ceediiig for some time. Last month Ucrmany demanded from Morocco payment of German creditors, but the Sultan, being without money, gave an evasive answer. A few days' later the chief °L a M , O " >c <' ai >- mission to France announced that the Maghzen was resolved to conclude the loan, the necessity of which was recognised. The principle had been admitted, and it was no w ae between him and tho French Government only a question of the guarantees, lis country, he continued, would thus he in a position to proceed to the payment of all its debts. They yyould reimburse France for the cost of her expedition, and would pay the indemnification which they had not hitherto been awe to pay for want of money. They would act in the same wav towards those who. had private claims upon

The French newspapers have been discussing the question of the activity which they consider is incumbent upon France m Morocoo. It was pointed out that the matter was urgent, because there were creditors other than French, anil, in particular. Herman creditors,' who were clamoring fo r satisfaction of their claims against Morocco. Unless the loan was speedily arranged the Berlin Cabinet would be justified in savin" 'We give you a free hand, But' we must champion the interests of our own people. If you will not act, let us do