New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-05
SEEKING A LOAN IN LONDON.
CHINA WANTS SsO.OOO.OOO AND THE BRIT
ISH GOVERNMENTS GOOD OFFICES.
NEGOTIATIONS THOUGHT TO BE PRACTICALLY
OBSERVATION-DISCLOSURES OFFERED

Berlin, Jan. 4-The Cologne Cozette" IN o,,
hor1ty from the best-informed quarters In Paris
announces to-day that since Thursday last i'm
portant negotiations have been proceeding IN
London for Chinese loan, the attempts made
In Paris and ST. Petersburg to arrange a loan
having failed. China thereupon offered 10 con
tract for f16.O00,OOO $50 600 OOO In London. at
the same time asking the good offices OF the
British Government China, 1t appears con-
templates offering az security the land-tax
under the control Of Englishmen, and that fur
thermore an Englishman shall succeed Sir
Robert Hart as Director OF the Chinese In
perial Maritime Customs. In addition, Great
Britain Will Insist upon a concession of territory,
relative to which secrecy, according to the in
for'nant Of the Cologne Gazette" must be tenn
porarily observed.
The Cologne Gazette" adds that it " under
stood that Russia has renewed her offer TO
China to conclude loan In Germany on more
favorable terms than those obtainable In Paris
or London.
London. Jan. 4-There Is good reason to be-
lieve the British Government is reconsidering
The question Of assisting China to raise loan.
The Chinese proposals on the subject are
urgently supported by the business men here
who Interested in China.
The Evening News" says II is reported IN the
City that the negotiations for a Chinese loan OF
f160000O0. guaranteed by the British Govern
ment. are practically concluded.
THE Times" commenting editorialy this
morning upon the statement OF the Cologne
Gazette" denies that England has any intention
to demand territory or TO take the lead in the
partition OF China. II SAYS:
"England's policy on the contrary, aims at
maintaining the Chinese Empire as 81 going con-
cern ard vast field for the extension Of trade
In pursuing this policy we are glad u note that
England enjoys tho powerful support OF the
United States Government, as well as the public
opinion Of that portion Of the American people
which is not swayed by blind lingo denuncia-
tions."
The editorial considers that the Government
would be justified even in incurrfng reasonable
financial risks which might formerly be properly
regarded as outside the scope Of Government ac-
ton" in order TO combat measures restrictive Of
trade which Russia and Germany are seeking to
obtain from China In the shape of railway and
mining monopolies and the like"
Russia has for some time past been endeavorng
10 raise loan FOR China. in order to offset British
efforts In the same direction. TIE correspondent
Peking Of "The London Times" recently an
nounced that the Chinese Government refused to
place the Likn 0nternal revenues) under foreign
control security for the loan proposed by the
Hong Kong and Shanghai Bank, and asserted that
unless the loan procurabe without this con-
dition ARRANGEMENTS would forthwith be made for
Russian guaranteed per cent loan of 100000
taels be issued at 90 net. The security for this
loan would be the land tax. which would remain
under Chinese administration. and China, In return,
would give Russia a monopoly OF the railroads and
mines north of the Great Wall open port as a
terminus OF the Trans Siberian Railroad, and would
agree that Russian should succeed sir Robert
Hart director OF the Chinese Imperial Maritime
The interest In the matter was increased by the
endeavors Of the British in China TO prevent Rnss.a
from obtaining the loan and the rich concessions
which with n.