Krupps In New China Loan.

New York Times 100 years ago today, May 9, 1913:
Said to Seek Arms Monopoly in Return for $17,500,000.
Special Cable to The New York Times.
    LONDON, Friday, May 9.— The Daily Telegraph's Peking correspondent gives details of the new Austrian loan of $17,500,000 to China.
    The loan, according to the Ministry, is in the form of a contract, the principals being an Austrian development company, which receives as a consideration further contracts for guns. The loan is to be floated three months after the five-power issue, if that contract is maintained.
    A large sum of the Austrian fund has already been paid over. It is understood that the Austrian group really means the Krupp and Skoda works, in alliance for the monopoly of the Chinese arms and steel market, and that it aims at further options. Those already obtained are of the widest and most lucrative nature.
    The correspondent adds: "I have the best authority for saying that the German Emperor is watching China in the most careful manner and is fully aware of the immense possibilities the position offers."