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(h) Railway Loans—

British Peking-Mukden Railway Anglo-French: Peking-Hankow Railway Russo-Chinese: Chengting-Taiyan Railway British Taokow-Chinghna Railway

Ralance outstanding December 30, 1918. £

1,400,000

4,750,000

1,200,000

560,000

Franco-Belgian: Lung-Hai Railway

5,000,000

Anglo-German: Tien-tsin-Pukow Railway

7.750.000

British Shanghai-Nanking Railway

2,900,000

British Shanghai-Hangchow-Ningpo Railway

1,425,000

Anglo-American-Franco-German: Hukuang Railways

6,000,000

British: Canton-Kowloon Railways

1,500,000

32.485,000

7,885,000

18,500,000

British sole interests

British joint interests

The above figures are given by Mr. S. F. Mayers in his memorandum (Confidential Print 38784 of the 11th March, 1919).

To these may be added--

British Taokow-Chinghua Railway British Sinyang-Pukow Railway

800,000 3,000,000

3,800,000

and the following Japanese railway loans (see

"China Year Book, 1919-1920') :

£

Kirin-Changchun Railway

215,000

Hsinmintun-Mukden Railway

21,000

Kirin-fueining Railway

Peking-Hankow Railway

Nanchang-Kiukiang Railway

Ssupingkai-Chengchiatun Railway

Nanchang-Kiukiang Railway

Kirin-Changchun Railway

Kirin-Changchun Railway Ssupingkai-Chengchiatun Railway

...

1,000,000

500,000

500,000

230.000

650,000

53,000

260,000

1,000,000

4.439.000

300,000

?Peking-Suiyuan Railway

Sir J. Jordan, in his despatch No. 353 of the 25th July, 1918, gives the Kirin- Hueining loan as £2,000,000. In his despatch No. 546 of the 16th December, 1918, be adds--

Four Manchurian Railways (Japanese)

Two railways in Shantung

on which £4,000,000 were advanced on the 22nd November, 1919.

(c) General Loans—

£ 15,000,000

7,000,000

22,000,000

£

:

British Birch, Crisp and Co.

5,000,000

Consortium: First Reorganisation Loan

25,000,000

Consortium: Second Reorganisation Loan

1,000,000

First advance (Japanese)

1.000.000

Second advance (Japanese)

1,000,000

Third advance (Japanese)

1,000,000

Franco-Belgian Government Gold Loan, 1914

4,000,000

American-Japanese Grand Canal Loan

1,200,000

American Wine and Tobacco Loan

6,000,000

44,200,000

147

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To these should be added the Anglo-Danish Telegraph Company's Loan (Eastern Extension Company and Great Northern Telegraph Company), 1911, of £5,000,000 of which the balance outstanding on the 31st December, 1918, was £458.336, and the numerous Japanese loans. A list of these is given in Sir J. Jordan's despatch No. 353 of the 25th July. 1918. These amount to the total of £24,810,000, of which £19,843,000 have been contracted since the war. They include the railway loans mentioned above, and the advances to the Second Reorganisation Loan. Besides these the principal loans are:

Loans (1903-1913) to the Han-Yeh-Ping Company

Asiatic Development Company Loan, 1915

Loan to Bank of Communications, 1917

Chibli Flood Loan, 1917

£ 3,200.000

500,000

500.000

500.000

Grand Canal Loan (see above): Japanese share, 1917

500.000

Taihei Kumiai Arms Loan, 1918

1.400.000

Loan to Bank of Communications, 1918

2.000.000

Telegraph Administration Loan. 1918

2.000.000

Kirin-Heilungchiang Forest Loan, 1918

3,000,000

The Annual Report on China for 1919 states that in 1917-1918 the Central Government borrowed between £20,000,000 and £30,000,000 from Japan. The most recent borrowings have been:-

£

1920 advance by Japanese Banks Marconi Wireless Loan (British) Vickers' Aeroplane Loan (British)

900,000

600.000

1,800,000

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