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have been made, did not recognise the transaction at all and, in the event of complications ensuing, tuok no steps on behalf of the lender for the recovery of
the money.
The above conditions were notified by the then
58
Tsungli Yamen in an official communication, dated December 4th 1891, to the Foreign Ministers at Peking, who were desired to convey the information to the
merchants of their respective countries; there have been constant instances of the adoption of the procedure
therein laid down.
Several cases have recently come to the knowledge
of the Wai Chiao Pu in which railways in the Provinces
under commercial management have had recourse to
foreign loans without reporting to, or requesting the
consent of, the Central Government, and have on their
own authority concluded the terms of the loan with
foreign merchants or other persons direct.
In order, therefore, to guard against possible
abuses, it is necessary to re-affirm the existing stip-
ulation and to state definitely that in future no
foreign loan contracted by any railway in the Provinces
even
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