High finance had at last got hold of everything it required from China and was in no mood to relax the monopoly of the salt administration which the Loan Agreement conferred. Nor must be the fact be lost sight of that of the nominal amount of 25,000,000 pounds which had been borrowed, fully half consisted of repayments to foreign Banks and never left Europe. According to the schedules attached to the Agreement, Annex A, comprising the Boxer arrears and bank advances, absorbed 4,317,778 pounds: Annex B, being so- called provincial loans, absorbed a further 2,870,000 pounds: Annex C, being liabilities shortly maturing, amounted to 3,592,263 pounds: Annex D, for disbandment of troops, amounted to 3,000,000 pounds: Annex C, to cover current administrative expenses totalled 5,500,000 pounds: whilst Annex E which covered the reorganization of the Salt Administration, absorbed the last 2,000,000 pounds. The bank profits on this loan alone amounted to 1 1/4 million pounds; whilst Yuan Shih-kai himself was placed in possession by a system of weekly disbursements of a sum roughly amounting to ten million sterling, which was amply sufficient to allow him to wreak his will on his fellow-countrymen. Exasperated to the pitch of despair by this new development, the Central and Southern provinces, after a couple of months' vain argument, began openly to arm. On the 10th July in Kiangse province on the river Yangtsze the Northern garrisons were fired upon from the Hukow forts by the provincial troops under General Li Lieh-chun and the so-called Second Revolution commenced.