སྒོ་༈༙
36
the Wai u Pu are responsible for this introduction of
the Germans into the question, or whether it is, as I am
inclined to believe, a ruse of the Viceroy to bring
matters to a deadlock. Kr.Prager in his talegrem expres-
BOs the view that if on due consideration no objection
is found to German participation, the strong combination
thus formed night result in extended loan operations on
sound lined and if the loan wore to be converted into
an Imperial one for a trunk line from Hankow to Canton,
the proposal might perhaps be worth considering. But
after our experience in the present instance, I am
inclined to think that, while safeguarding our existing
Agreemente with the Viceroy and the Central Government,
we should discourage provincial loans as far as possible
and endeavour to impress upon the authorities here the
wisdom of making rellway construction a national onter-
prise. The tendency at the present moment is unfortunate-
ly in the opposite direction.
I have the honour to be, with the highest respect,
sir,
Your most obedient,
humble