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American Loans for Chinese Improvements

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Review and Herald Publishing Association · Takoma Park Station, Washington, D. C. · Aug 3, 1916

FromReview and Herald, Vol. 93, No. 38.

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American Loans for Chinese Improvements

The International Investment Corporation, an American Institution, has concluded an agreement with the Chinese government to lend China $6,000,000 for the improvement of the Grand Canal, and funds for the reconstruction of short railways in various parts of China aggregating 1,500 miles. Both works are to be constructed by American contractors. American financiers also are negotiating with China for a reorganization loan of $20,000,000, China to have the right, if necessary, to obtain an additional $30,000,000.