C
[This Document is the Property of His Britannic Majesty's 133496
AFFAIRS OF CHINA.
CONFIDENTIAL.
[9874]
No. 1.
1925
[March 16.]
SECTION 1.
Copy of Telegram from J. P. Morgan and Co., New York, March 15, 1911.-(Communicated to Foreign Office by Mr. Addis, March 16.)
FOR the information of London and other groups, following from Hillier, Cordes, Casenave, Straight :-
Following is procedure suggested in view of assuming that four Governments approve nomination neutral adviser by Bankers' Conference, We recommend adviser be so nominated as soon as possible after signature loan agreement, and immediately proceed China assist Chinese Government elaborate plan for inauguation and operation currency reform programme. On receipt of currency reform programme and statement of expenditure we will send to you. You will then consider these, in consultation with your experts, and inform us of the modifications you consider necessary. Will submit your modifications to the Chinese for consideration in consultation with their adviser, and negotiate with them for final currency reform programme and statement acceptable to you.
May
[1918 g-1]