Monday, Feb. 25, 1924
Boxer Payment
In answer to a note from the Chinese Government (TIME, Jan. 7), the Ministers of the U. S., Britain, France, Italy, Japan, the Netherlands and Belgium addressed a joint note to the Chinese Foreign Office, stating that China must pay the Boxer Indemnity* in the currency of the country concerned and upon a standard gold basis.
*The indemnities exacted in 1901 by the Powers, amounting altogether to $328,471,875, (TIME, Nov. 19).