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HONGKONG & SHANGHAI BANKING CORPORATION,

31, LOMBARD STREET,

LONDON, E.C.

July 12th, 1905.

22

Dear Mr. Campbell:-

I have a long telegram in this morning from

Hongkong, parts of which unfortunately are mutilated,

but I understand that the Hupeh and Hunan Provinces

would like to negotiate for a loan of £3,000,000 in

I presume

connection with the Hankow-Canton Railway,

that their idea is to raise a loan to buy out the

Americans who now hold the concession, and to build

the railway on their own account with money borrowed

from foreign sources. Our Hongkong Office, who send

the telegram, have referred to Pekin for further in-

formation and state that they will wire me full par-

ticulars as soon as possible. Pekin, however, has

sent the following telegram to our Hongkong Office.

(This part is not mutilated.)

"British Minister Pekin authorises us to

F.A.Campbell Esq., C.B.

Foreign Office.

state

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