Note 150 — Chapter II · THE “CASSINI CONVENTION” AND THE RAILWAY AGREEMENT

According to a Peking correspondent to the Kokumin (May 30, 1904), the Chinese Government had been paying the stipulated 4% interest for this sum to the French creditors, but the Bank had never repaid the interest to China. Moreover, the Niu-chwang branch of the Bank, since the Russians occupied the port in August, 1900, had been receiving the returns of the Chinese maritime customs there, which finally amounted to about 5,000,000 taels. Neither the principal nor the interest of this sum had been paid by the Bank to the Chinese Government.