1
*
71
the French financiers, and that, falling a British loan,
he would consider himself free to obtain the necessary
སྒ
funds from other nationalities.
In view, however, of the apparent determination of
the Viceroy only to borrow for industrial purposes with-
out specifying the real object for which the money is
required, and the consequent difficulty, if not imprac-
ticability, of raising a loan upon the European market,
no other course would appear to be open than to let the
matter remain in abeyance for the moment, and to wait
until circumstances may permit of a modification of His
Excellency's attitude.
Foreign Office.
September
1907.