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and,France and Germany, although the Viceroy would prefer that the
amont should be made in the name of the H&S.Bank alone,the provisa
form participation being embodied in a final clause, as in the
lodov *x*x*x 1905 agreement. Having arranged these pointa satisfac-
by with the Wal Tu Pu,I am to let him know through Mr Fraser, and
an then proceed to the discussion of the other terms of the agr-
Ent. It was not his wish,Chang told we me, to increase the amount
loan at present. If the Wai Tu Pu could be induced tosanctio
he amount of £17500,000. now proposed, this wouldserve as a preced-
for the further borrowing later if required. In the event of the
Ju Pu's opposition to this loan proving insuperable, the Viceroy
that we would allow him to resort to the contract advance system
which he asked me to draw up a memorandum.
he
vi og samler stodetudJTA You wib vioaral ed term holder schemos.
that
From the point of view of the present businessI do not look adini alantile cu modsgotab un
alno- to som helsta od banquer bisd viey pay mision from Chang as a very serious one.It seems to me
in insult to expect Ɛwn the financiers of thethree great markets
form themselves into jimportant so important a combination,for
rticipation of £500,000.each,in order to assist Chang's incohere-
To humour his preference for provincial borrowing and
ional construction in order to deprive him of any pretext for
* back on his engagements to the British, is one thing but to put
tion such important machinery for the attainment of this tempor-
object,is quite another
so to potrOZA VOʻY
dondeb a kar
fine the sa nolturablumos
all me beam 1 ens vt ma
•
The experience I have derived from the negotiations of the
few weeks forces me to the belief that no sound progress can be luebeldena Corpo antis dart 6d for in railway construction if the initiative is left to the
provincial