140
insist eventually on foreign supervision of ex»
penditure.
Such is the position up to date. Further
developmenta I shall report by telegraph. Should
the scheme of a domestic loan materialise, it is
obvious that the financial adviser must be ap-
pointed by the Hongkong Government, as only they
can supply an officer with the necessary qualifi-
which must include knowledge of Cantonese
colloquial and the written language, so that ef-
fective control could be exercised over a Chinese
cations,
staff of accountants. From the foregoing it is
also equally apparent that pressure to carry the
appointment through would have to come from Feking,
and I venture to hope that if I apply for your
assistance in the matter you will accord your sup-
port.
As showing the extreme anxiety of the Govern-
ment to obtain ready cash, I may mention the fact
家熾
that the Frovincial Treasurer, Yen Chia-chih, spent
all