军事公债
The second period is after the Sino Japanese War of 1894-1895, during which the view of mortgage the railway is formed and thus many rights for railway are lost after the loans for building the Lu Han Railway.
二是甲午战后以芦汉铁路借款为蓝本,形成了以路作抵的铁路外债观,导致大量路权丧失。
Of course, the popular justification of war loans is nonsensical.
当然, 通常对于战债的辩护是无意义的.
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