Nanking Administration (Loan).

Part of Oral Answers to Questions — China. – in the House of Commons on 27th July 1927.

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Photo of Mr Austen Chamberlain Mr Austen Chamberlain , Birmingham West

On the 9th of July His Majesty's Minister reported that the Nanking Administration were proposing to raise a loan of $60,000,000 (£6,000,000) in Shanghai on the security of the salt surplus and that Mr. Hussey-Freke, the Associate Chief Inspector of the Salt Administration, was publishing in the Chinese Press a statement to the effect that such a loan would be a contravention of the Reorganisation Loan Agreement of 1913 and warning the public to have nothing to do with it.