5 OCTOBER 1912, Page 19

The subscription for the £5,000,000 Chinese Loan arranged by Messrs.

Crisp & Co. was closed at 1 p.m. in London last Saturday. A message was received from the Chinese Govern- ment that they were very grateful for the support of the sub- scribers, and would regard the payment of the interest as a particular obligation. On Monday it became known that applications had been received from the public for 40 per cent. of the £5,000,000, leaving 60 per cent. to be provided by the underwriters. The first result of this announcement was that the price fell to 10s. below the price of issue.