CHINESE RAILWAY LOAN.

Wairarapa Age, Volume XXXII, Issue 10279, 6 July 1911, Page 4

CHINESE RAILWAY LOAN.

The Pekin correspondent of the London. Times considers the contract authorised by Imperial Edict, which was signed in May by the Banks rep-l-esenting the interests of Britain, •Germany, and the United States, as the most important ever signed in China. The scope of tilie contract thas been extended sine© the issue of the railway edict of the 9th. The loan will ultimately amount to not leas than £10,000,000, providing capital for (1) The redemption of the unredeemed gold bonds, amo'm'ing to about £500,000, issued hy the original American conoessionaan'es of the Canton-Hankou Railway ; 's) Th.cou.struct.ion, under a British ohtef engineer, of a main line of ?"-)0 miles from Wuchang, the capital of Hunan Province, to the south, wn border of Hunan, where it will connect with the K'wangtung Railway now being constructed by the Chinese; (3) The construction, aiuhr a Gorman chief engineer, of a mam line of 400 .miles in Hupei Provnico from lehang on the Yiangt.se Chingmeriohau and Siangyang to Kuangshui, on the Peking-Bankau Railway; (4) The construction, under an American chief engineer, of a main line of 200 miles in Hupei Province from lehang to the •border of Szeobuan Province.