Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-01-23
VIEW UPHELD
DIVISION OF CHINESE RAIL.
WAY LOAN SATISFACTORY,
Delay III Making the Allotments
Said to Be Due to Disputes
Over Details.

NEW YORK. January ct having
oeen reported in banking circles that u
settlement has finally been reached re-
garding the Hankow -Szechuen railway
loan OF S30,oO0,0o. the statement is added
that the allotment OF bonds will be an
nounced In the near future. England.
France, Germany and the United States
are each 10 share a one-quarter, interest.
or s1.oOo,Oo of the loan.
The announcement did not arrive here
in time to reach financial circles interest
ed therein before the closing hour, and
inquiries among various bankers brought
out the response that they did not know
whether the information was official and
that they were unacquainted with any OF
the details and therefore could make no
comment.
The announcement appeared To give
great satisfaction to government officials
who expressed pleasure that the English
and French bankers had accepted the
American viewpoint in the matter.
Cause of the Delay.
PARIS. January Oft is understood
here that the delay In the final settle
ment of the terms Of the HankowSze-
chuen railway loan was due chiefly to
disputes over details connected with the
apportionment of the roadway between
the financial groups interested. the con-
struction contracts. material and similar
questions.
According to statements in well inform
ed quarters, the French group. headed by
the 1ndo-China Bank, held out because
they considered that they had not been
fairly treated 1t was charged that the
English group had been unduly favored
TpDrpSanfaf M Morgan a
Co. has been here for several days
Strengthening out the difficulties.
Not Confirmed in London.
LONDON. January 22-There is no
confirmation here of the report cabled
from New York that a settlement has
finally been reached by the international
bankers for equal participation in the
Hankow-SZechuan railway loan of $780,
100000. 1t is known, however. that after
hope OF a satisfactory arrangement had
been abandoned practically and the mat
ter pigeonholed, negotiations were re-
sumed early in the present week ener-
getically and that an agreement was pos
sible.
The differences between the British and
German bankers, which held up the mat
ter so long, were settled last November,
but the terms Of the settlement were not
satisfactory to the French group of
financiers, who complained that the
British representatives. who at the time
were acting for both British and French
interests. had given up more than fair
share to the German bankers.
Interest in China's Attitude.
Beyond the fact cabled from New York
that the loan is to be equally divided
among the four interested powers the
terms of the arrangement are not yet
known here. Considerable interest Is
shown here as to what attitude China
will take, now that the International
bankers have reached an agreement
Recent advices received by the British
foreign office from Picking depicted China
as having assumed an antagonistic posi-
ton toward the International concession
aires. The provisional authorities, who
were strongly opposed to the construc-
ton of Chinese railways by foreigners.
have been pressing the imperial govern
ment not to grant the concession, and 1t
is even stated that the Chinese them
selves have commenced work on part of
the line This attempt at railway build
ing by the Chinese is not taken seriously
in official circles, as the road is very
difficult to construct. and China would
hardly be able to raise the necessary
money.