8025/14S.
: 73
ба
NO CONFIDENTIAL.
GOVERNMENT HOUSE.
HONGKONG. 30th. January, 1914.
sir.
With reference to my Confidential Despatches of
the 16th. and 22nd. instants, I have the honour to transmit the
enclosed paraphrases of telegrams exchanged between His Majesty's Minister at Peking and myself on the subject of the proposal to raise a domestic loan, subject to foreign supervision, to relieve the financial condition in Kwangtung by rehabilitating the note issue. I emphasized in the interests of subscribers the necessity of supervision of the collection of the revenues, on which any such
loan may be secured.
Fonclosures
$2.
Fondcoure.
2.
I also enclose copy of a despatch from His Britannic Majesty's Consul-General at Canton to Sir John Jordan on the subject of the financial straits of the Kwangtung Government and of the proposal to raise the loan referred to above.
Mr. Li Hsin-ling called on me on the 21st.
instant and after discussion expressed himself in favour of the scheme of a domestic loan with foreign supervision of revenue and expenditure. He said he would lay the scheme before the Central
Government.
3.
On the 28th. instant Mr. Lau Chu-pak and some 30 representative Chinese Merchants in Hongkong had a long dis- -cussion with the Provincial Treasurer of Kwangtung the result of which was that a resolution was passed by the Merchants in support
THE RIGHT HONOURABLE
LEWIS HARCOURT, M.P.,
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&C..
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of