[This Document is the Property of His Britannic Majesty's Government.]
[B]
6.6
AFFAIRS OF CHINA.
18687
CONFIDENTIAL.
[June 1.]
SECTION 1.
RECO
REGO 16 JUN 11
[21189]
No. 1.
Dear Sir Francis,
Mr. Addis to Foreign Office.~(Received June 1.)
Hong Kong and Shanghai Bank, London, May 31, 1911. I ENCLOSE the statements handed to us by the Chinese Government when the Currency Loan Agreement was signed, showing that of the 10,000,0001. the sum of approximately 2,000,0001 is to be reserved for Manchurian expenditure and 7,500,000% approximately for currency reform.
You will observe that in the statement of currency reform expenditure there is included a sum of 20,000,000 dollars to be devoted to currency in Manchuria, which also appears as a book entry in the statement of Manchurian expenditure.
I regret that in writing you last night I overlooked the fact that these statements were already in my possession.
Yours truly,
C. S. ADDIS.
Enclosure in No. 1.
STATEMENTS of Manchurian Expenditure and Currency Reform banded to the Representatives of the Four Groups by the Board of Finance on the date of the Signature of the Currency Loan Agreement, April 15, 1911.
(L.)
Statement of Manchurian Expenditures.
(Translation.)
Dollars.
For expenditures in connection with the promotion of immigration, reclamation,
and pastoral enterprises approximately
+
..
14,000,000
For expenditures in connection with forestry and other agricultural enterprises in
Heilungkiang province approximately
4,000,000
For expenditures in connection with gold mining at Mo Ho, Kuan Yin Shan, and
San Hsing, and other mining enterprises approximately
For expenditures in connection with branch mints the sum of ..
2,000,000 20,000,000
approximately will be appropriated from the Currency Bureau.
Should the above enterprises or the amounts decided upon be found inappropriate, the matter of changing
the same may be taken into consideration at the time, but the principle of the promotion of industries shall be adhered to.
(2.)
Statement of Expenditures for Currency Reform.
(Translation.)
Dollars.
The coinage of standard and subsidiary coins in the seven head and branch mints
will require at least the daily use of approximately
8,338,330
The coinage of standard and subsidiary coins will require at least the monthly use
of approximately
10,000,000
The coinage of standard and subsidiary coins will require at least the half-yearly
use of approximately
60,000,000
Included in the above is the sum of 20,000,000 dollars to be devoted to currency in Manchuria.
[2062 a-)
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