New-York tribune., 1920-10-06
Details of Chinese
COnsortiuln To Be
Settled Next Week
ENJOYS of England, France
and Japan to Meet u. S.
Financiers Here Soon
to Arrange Organization

Financial cnvoys from the leading
banking houses of England, France and
japan will meet representatives of the
American group next Monday in q
series of conferences for the final Or
SANITATION of the international con-
sort,um for extending financial assist
ance to China. Terms of a proposed
loan to the Chinese government will
be discussed in the course of the con-
ference at the Chamber of Commerce
of New York.
Thomas W. Lamont, of j. P. Morgan
& Co., who went to the Far East last
winter at the instance of the Ameri
can, British and French financial
groups, and obtained the participation
Of the Japanese in the consortium, an
nounced yesterday the plans for the
meeting to be held next week.
The British delegates who will ar
rive this week with the French dele
gates on the Olympic are Sir Charles
Adds, s. +. Mayors, II. c. Witt and w.
+. Leveson.
French banking interests will be rep
resented by Rene de la Chaume, Henri
Mazot and Georges Picot.
Japan's delegation, which has already
arrived here, consists Of M. KNTake-
uchi and r. Ichinomya.
The American group, which COM
prises thirty-sevcn banks and banking
houses, will be represented by the
managing committee of the group con-
sisting of Thomas w. Lamont, of Mar
gan & Co.; Mortimer L. Schr Kuhn,
Loeb & Co.; James A Stillman, Ma
tional City Bank; Charles H. Sabn,
Guaranty Trust Company; Albert II.
Wlggin, Chase National Bank; Fred
crick w. Allen, Lee Higginson 6; Co.,
and John Jay Abbott, Continental and
Commercial Trust and Savings Bank,
Chicago. Charles F. Whigham, of Nor
gan, Grenfcll g. Co., London, and j.
Ridgely Carter, of Morgan, Harjes &,
as Frederick W. Stevens, recently APP
pointed resident representative of the
American group in Peking.
V. X. Wellington Koo, the Chinese
Minister at Washington. viii keep in
touch with the proceedings so as to be
able to give The delegates such infor-
nation as they may desire
According to Mr. Lamont it is ex-
pected that the confcrccs VIII have
LAID before them applications from
banking groups of other nationalfties
seeking membership in the consortium.
Among the many questions to be
considered besides that of financing
emma s immediate needs will be that
Oh CHINA s general requirements, mat
teIs relating to currency reform, de-
velopmcnt Of railway transportation in
CHINA, possible extension of the HUI
kuang Railway project, etc. If it is
found feasible tentative program tor
the future financial assistance of China
may be drawn up.
The foreign delegates will be enter
tanned socially at several affairs to be
given in their honor On Friday eve
Ming, October Is, the managing COM
mittce, of the American group, will
give dinner to enable the reprcsenta-
tvea Of the American group banks to
meet foreign ENJOYS. The Bond Club
Of New York has invited the dclepa
tiona to be its guests at special
luncheon to be held on Wednesday,
October 49,
Announcement was made yesterday
that on October is the Fifth Avenue
Association will hold a Chinese lunch
con in the Grand Ballroom of the Wal
dorf-Astoria, at 1890 p m, in honor
Of the anniversary of the Republic of
China. 1t is expected that V. X. Well
ington Koo will be present as the
principal speaker. Francis II. Sisson,
Nlce-prcsident of the Guaranty Trust
Company, VIII preside as toastmastcr.