530
CHINA
finance than 1917. To finance the futile war against the South the Government borrowed money from Japanese sources with a recklessness that scandalised all people interested in this country, especially as the proceeds were dissipated among the selfish Tuchuns and their followers. National assets were pledged with the prodigality of those who give away what is not their's. During 1918 alone over 150,000,000 yen was borrowed. As W. W. Willoughby remarks in his authoritative "Foreign Rights and Interests in China," it is practically impossible to estimate the total obligations, both government and provincial, of China to Japan, but the following table has been compiled from reliable data and is believed to be the nearest to accuracy in existence. It takes the place of the table that was used in the 1921-1922 Directory:
A.-Japanese Loans to Central Government
From Japan :-
1.-Tai-hei Co., Ammunition Bills
Amount estimated from reliable sources in 1919 Yen 302,609.00
2.-Mitsui Bussan Kaisha, Ammunition Bills 3.-Mitsui Bu an Kaisha, Nanking Government
Loan ss........
4.-Okura Co., Commercial Guarantee Bank Bills...
5.--Yokohama Specie Bank, Student Abroad, Loan...
6.-
""
"
7.-Sino-Japanese Industrial Co., Hankow Paper
Mill Loan
8.-Japanese Bank Group, Flood Relief Loan
9.-Mitsui Bussan Kaisha, Printing Bureau Loan 10.-Shosen Bank, Students Abroad Loan
1,188,416.75
1,505,250.61
Amount Outstanding (June, 1921)
83,153.03 1,188,416.75
1,505,250.61
Tls. 1,100,177.40 Yen 2,457,134.78 (@Yen 1-$0.80)
Yen 100,000.00
100,000.00
100,000.00
100,000.00
2,000,000.00
2,000,000.00
5,000,000.00
5,000,000.00
2,000,000.00
2,000,000.00
150,000.00
150,000.00
11.-
"3
12.-
99
"}
"?
13.-Tai-hei Co., 1st Ammunition Loan
"
150,000.00
150,000.00
99
200,000.00
200,000.00
13,053,317.50)
3,860,000.00
18,716,421.00
14.-Tai-hei Co., 2nd Ammunition Loan
15.-Koa Co., Loan
12,520,000.001
8,500,000.00
13,365,126.00
5,000,000.00
1,350,000.00
16.-Japanese Group Bank Loan, 1st Advance
5,000,000.00
17.-
2nd
""
""
""
10,000,000.00
18.-
3rd
"}
10,000,000.00
19.-Mine and Forest Loan
20.-Kuhara Co., Advance
30,000,000.00 ·
300,000.00
30,000,000.00
21.-Tai-hei Co., Ammunition Treasury Bills.
22.-Taiwan Bank Education Loan
23.-Mitubishi Bank Loan
24.-East Asia Commercial Co. Loan (Toa Tsusho
Kaisha)
25.-Wu-ling Damage Bills (Takebayashi)
26.—Tai-hei Co., Treasury Bills
27.-Sino-Japanese Industrial Co., Loan Interest and
Yen 869,291.46
100,000.00
30,000.00
200,000.00
Szechuen Taels 26,225.12
Yen 50,000.00
1,200,000.00
1,459,341.60
Advance
28.- Okura Co., Treasury Bills
29.-Tai-hei Co. Loan, Treasury Bills
91,449.37
30.-Mitsubishi Co., Ammunition Bills..
466,999.90
31.-Japanese Industrial Bank Advance
4,541,640.00
32.-Yokohama Specie Bank, Educational Loan
600,000.00
33.-Sino-Japanese Industrial Co., Spinning Mills
Loan
3,000,000.00
34.-East Asia Industrial Co. Loan (Toa Kogyo Kaisha) 35.-War Participation Loan
3,000,000.00
20,000,000.00
36.-Chosen Bank, Participation Loan Interest........
1,600,000.00
37.-Exchange Bank of China, Advance 38.-Exchange Bank of China, Loan
3,847,500.00
800,000.00
Approximate Total of Amount Outstanding
$120,258,439.20