Expenditures of the Sino-Japanese War
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Here let us glance at the disposition made of the indemnity which furnished so great a service to the post-bellum finance of our country.
INDEMNITY As a result of the Sino-Japanese War, an indemnity was obtained from China for four purposes, namely, for war expenses ; for interest on the deferred payments of the indem- nity; for expense of guards at Weihaiwei, and for compensa- tion for the return of the Liaotung peninsula.
The claim for indemnity for war expenses and for interest on deferred p...ayments was based on the Treaty of Shimonoseki signed April 17, 1895, Article IV of which reads as follows: China promises to pay to Japan 200,000,000 iaels in Kuping silver as an indem- nity for war expenses . . . against any unpaid portions of the indemnity after date of first payment (that is the payment of 50,000,000 taels made within six months after the ratification of the treaty of peace) interest at the rate of 5 per cent per annum shall be paid; provided, however, that China may at any time pay the whole or a part of the indemnity in advance of the dates of payment; if the whole of the indemnity shall be paid within three years after the ratification of the treaty (or by May 8, 1898) all interest on the deferred payments of the indemnity shall be waived, and the interest already paid up to that time shall be included in the payment of the principal.
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To quickly assess the difficulty of the text, read a short excerpt:
Here let us glance at the disposition made of the indemnity which furnished so great a service to the post-bellum finance of our country.
INDEMNITY As a result of the Sino-Japanese War, an indemnity was obtained from China for four purposes, namely, for war expenses ; for interest on the deferred payments of the indem- nity; for expense of guards at Weihaiwei, and for compensa- tion for the return of the Liaotung peninsula.
The claim for indemnity for war expenses and for interest on deferred p...ayments was based on the Treaty of Shimonoseki signed April 17, 1895, Article IV of which reads as follows: China promises to pay to Japan 200,000,000 iaels in Kuping silver as an indem- nity for war expenses . . . against any unpaid portions of the indemnity after date of first payment (that is the payment of 50,000,000 taels made within six months after the ratification of the treaty of peace) interest at the rate of 5 per cent per annum shall be paid; provided, however, that China may at any time pay the whole or a part of the indemnity in advance of the dates of payment; if the whole of the indemnity shall be paid within three years after the ratification of the treaty (or by May 8, 1898) all interest on the deferred payments of the indemnity shall be waived, and the interest already paid up to that time shall be included in the payment of the principal.
What to read after Expenditures of the Sino-Japanese War?
You can find similar books in the "Read Also" column, or choose other free books by Giichi Ono to read onlineMoreLess
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