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the loan from 50 to 30 years. This was a matter which
313
did not affect the flotation of the loan or the intereste
of the Corporation, although by reducing the duration of
the investment it was calculated to lower the issue price
and, to that extent, prejudice China herself.
I was very reluctant, when Mr. Bland first consulted
me on the subject, to consent to any modification of the
Agreement on the ground that if we admitted one change, a
demand for others was sure to follow. Eventually, however,
I agreed to his entertaining the question on the express
understanding that H.E.Tong Shoe-yi should give me a per-
sonal undertaking that no further alteration of any kind
would be requested and that, on receiving the assent of
the Coporation, he would lose no time in submitting the
Agreement for the Imperial ratification, This assurance Mr.Tong gave de at an interview at the Wai Wu Pu on the 28 utting
and Mr.Aland in due course conveyed to His Excell-
ency the Corporation's approval of the change and receiv-
ed in return an intimation that he hoped to memorialize
.ofe
.to
the