AN EMPTY PURSE.
CHINA'S WEAK FINANCES. LARGE' BORROWING. /By Telegraph.—Press Assn.—Copyright. Washington, Nov. 12. It is understood that .Britain lias proposed to the United States that England, France and Japan should advance immediately to China a million dollars loan, with further loans on the condition that the Chinese troops raised during the war be disbanded and a, solution found for the dispute between north and south China. It appears that the United States did not accept the proposal in view of the Cricago banks' loan.—Aus.-N.Z. Cable Assn. [China is in a bad way financially. Her troops have not been paid, Government employees have not received' salaries since April, and even the President has had to go without his cheque, ft was recently reported from New York that China was about to complete arrangement.? for a loan of between 15,000,000 and 20,000,000 dollars with a Chicago bank. The Continental Bank had announced the issue of a five and a-half mililon dollar loan to China at 6 per cent., covered by two year Treasury notes.]
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Taranaki Daily News, 14 November 1919, Page 5
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173AN EMPTY PURSE. Taranaki Daily News, 14 November 1919, Page 5
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