40
2. In thes
circumstances the Provincial
government has been endeavouring to raise
Among others whom
money
by Coans.
thes
have approached in
the Songkong
―
recently
+ Shanghai Bank, whose representative
In Peking - Mr. E.G. Stiller
visited thus Colony, where he met
OL
representative
f
the Kwangting
Jovernment.
Before It Hillier interviewed that
official, he had a
in which
conversation with me, rged, that the opportunity
wr
should be taken
to force the Provincial to accept Foreign Super- Funds that
Control
of any
be lent to them
to them and also
in reorganizing the
Authorities
-vision
might
assistance
Revenues
of
the Provnice.
ho Millies
was, of course
of
But
I was.
مه
the necessity of
innovation
La No 1.
by the Banks representing the Qumtuple
group
en close
The
·
the terms of which I
a copy
course, only
3. Simultaneously Secretary for
leading
The scheme is, of
outline.
I authorized the
Affairs
Cluriese
to sound
Cluneze
merchant's here
ap
the
to their views
introduction
the subject of
the principle of
Foreign Supervision & Control outlined
in the scheme.
themselves
They expressed
an animously
favour
of it, but it became evident from
Conversations with
merchants in Canton would,
themselves, not be
them
that while
like
averse
to the
little hope
(t..
innovation, there was
well
suck
of
He found
Sumself unable, for obvious reasons,
to entertain
suggestion that- the loan should be handler har
the Hong konn
Bank alone & thre
result was, that he proposed to the Prounicial Representative, a loan
the officials
there accepting-
change except under orders from the
Central Government.
I would explani, here,
that
I consulted
Hongkong merchants in this matter, because without their assistance, a Provincial Loan - Internal in character_ hardly be successfully financed.
could
Consul at Couton