Jasper County Democrat, Volume 4, Number 16, Rensselaer, Jasper County, 27 July 1901 — CHINA TO BEGIN PAYING IN 1902. [ARTICLE]

CHINA TO BEGIN PAYING IN 1902.

Commissioner Rockhill Makes a Report to the Government. Commissioner Rockhill reports from Pekjn that the amortization of the bonds to be issued by the Chinese government to pay Indemnity to the powers will begin in 1902, and the plan contemplates the entire liquidation of both principal and interest by 1940. It is expected that China will raise 23,000,000 taels (about $17,000,000) annually. This sum is to be used to pay the interest on the bonds and to form a sinking fund for the ultimate liquidation of the principal. There will be no international guaranty, but it is expected that the governments to which the bonds are allotted will see to it that the purchasers will be safe in their investments.