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Convent most grad HOINT
Side note deps fre deistras
a m. 24 MAY
焙煎
wi hlunne
142
I have some doubt, it appears to me that the present is
not an opportune moment for putting it forward. One of
the objects of the proposed Loan is the redemption of
the Peking Rankow railway, but there is no evidence that
the Chinese wish to redeem it at present, and when they
do, they are likely to give the preference to the
Belgians with whose construction and management of the
line they profess to be highly satisfied,
The question of including the Germans in such a loan
would require careful consideration. We have already
admitted the French empty-handed to a share in our
privileged position at Hankow, and the arrangement hne
scarcely proved such a success as to justify its
extension. A combination of British French and German
markets would doubtless, ne Vr,Hillier states, hold the
door of foreign capital, but the Chinese, finding then-
selves *cornered", might let the door remain closed and
either abandon railway construction or carry it on in
their own way,
At all events I feel convinced that a multiplicity
of proposals is undesirable at present, Two railway
projects