New-York tribune., 1909-06-19
TBy The Associated Press. J


London. June lS.-Great Britain has asked
America not to press her claim for participation
IN the Hankow & Sze-Chuen Railroad loan Of
S27 10000 which British. German AMI French
bankers stand ready to take up. This request
his been sent to James Bryce. the British Am
bassador at Washington.
Great Britain points out that the arrange
ments for this loan were concluded after the
greatest difficulty entailing long negotiations
between the British. German and French bank
ers concerned and the Chinese government. As
America did not ask 10 Join therein. 1t was pre-
sumed that she did not desire TO take the share
to which she was entitled under her convention
with China.
The Timas's' PekinR correspondent saws II f.
regrettahie that the British and American gov
ernments did not communicate with each other
at an earlier stage in connection with the Han
kow < sze-Chuen' Railroad loan. and thus have
prevented the present difficulty. Good. how
ever will come Of the incident he says. for #
is most desirable that rangements should be
made TO extend the combination 20 the Ameri-
can groups Of banks on a fo.;ing ~ equality.
Members of the American banking syndicate
Yesterday expressed the hope that the reported
representations TO President TAFT hy the British
government would be unsuccessful. They hold that
this government has made clear It's attitude re-
garding the forthcoming Chinese loan. and say
that the refusal OF the American participation
would be detrimental TO important American com
rnercial interests which already negotiating
with the Chinese government for other contracts
one Of the members or the syndicate gave IT as his
opinion that any effort by the British government
to get the American bankers 20 withdraw their
claims would fail
immediately after the formation of the American
banking syndicate a fortnight ago, representations
were made to the Chinese government and I" Great
Britain France and Germany requesting share
In the fotation Of the Hankow & Sze-thuen Rail
road 81 10000 loan. Recent cable messages said
that China had informed the foreign bankers that
she would he unable ratify the loan arranged by
them and that II was understood, under the new
arrangements American bankers would get one
fourth OF the amount
The International Banking Corporation. 1t was
announced yesterday. had opened branch Office
in Picking in order TO share in Chinese loans ana
facilitate American enterprise in that country
This is the first American banking house to com.
pete with foreign houses at the Chinese capital
and it's establishment there overcomes one OF the
objections made by the European bankers TO Amer
ican share in the Chinese railway loan
Temporary Offices have been established in the
American Legation. and Henry T. s. Green. for
rnerv the corpora tons manager at Yokohama.
Japan has been placed in charge Of the branch
A building will soon be erected, il is said. In the
business section Of Pekng for the exclusive use OF
the hank.
The International Banking Corporation. OF which
General Thomas H. Hubbard is president. was in
corporated In 1902 has capital Of $3,35o(Oo and
a surplus of the same amount. The corporation
now has seventeen branches. among which are
those al Shanghai Canton, Hong Kong and Yoke
hama and in India. South America and the Philip
pine Islands.