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Show Chinese Loan option expended one year Washington, Fob. 8. Becauso, sot unsettled flnnnclal conditions, China has oxtended for ono year from Jan-unry Jan-unry 1 last tho option hold by American Am-erican bankers Ho ralso a loan of 20,000 000 to ellralnato devastating floods In tho Hual River vullsy. Formal For-mal notlco of tho action camo to tho blato department today from tholo-gallon tholo-gallon in Pokln. Conditions In Uio Hual river country which havo. caused caus-ed tremendous life, nnd property loss for generations led tho American Red Cross to Initiate tho improvement p'ans. A commlttco outlined a sys torn Uiat was approved, then the Red Cross undertook to havo American Amer-ican banko's advance tho millions required for the work. War In Europe upset financial conditions con-ditions so that It has been Impossible Impossi-ble to ralso tho monoy. |