į
[9730]
17
No. 30.
Sir J. Jordan to Sir Edward Grey.—(Received March 1.)
(No. 76.) Sir,
Peking, February 12, 1913. WITH reference to my despatch No. 68 of the 7th instant, I have the honour to enclose herewith copy of a letter which I have received from the manager of the Hong Kong and Shanghai Bank at Shanghai, reporting the payment of the British share of indemnity arrears for the months of November and December 1911 and January and February 1912, and forwarding a statement of the British share showing the net total amount remitted to London on account of payments due for the half-year ending December 31, 1911.
I have, &c.
Enclosure 1 in No. 30.
J. N. JORDAN.
Sir,
Hong Kong and Shanghai Banking Corporation to Sir J. Jordan.
Shanghai, February 4, 1913. I HAVE the honour to acknowledge receipt of your letter of the 18th January, informing me of the decision of the Diplomatic Body with regard to the remittance of the balance of the maritime and native customs revenues to the various Governments on account of the indemnity.
I am informed that, with a view to avoid disorganising the Shanghai exchange market, the Provisional Government of China has left the settlement of exchange in the hands of the Inspector-General of Customs, who has given the Commissioner of Customs at Shanghai discretion in this matter.
The Commissioner of Customs at Shanghai haa, up to the present, settled exchange for the payments due for the months of November and December 1911, and January and February 1912, and the sterling amounts representing the British share have been transferred by telegram in the usual way to London.
A statement of the British share, showing a net total of 165,876, 10s. 67. remitted to London on account of payments due for the half-year ending the 31st December, 1911, is enclosed.
Remittances of 27,980l. 18s. 7d. for January and February 1912 were made on the 3rd and 4th February, 1913, respectively.
Compound interest at 4 per cent. per annum on overdue payments will, I am informed, be paid later on up to the date of remittance. A detailed statement showing how the amount is arrived at will then be sent to you.
I have, &c.
A. STEPHEN, Acting Manager.
Enclosure 2 in No. 30.
STATEMENT of Chinese Indemnity due to Great Britain for half-year ending
December 31, 1911, and amounts paid.
Amount due for principal of indemnity for 1911.. Amount due for interest of indemnity for 1911
Due for 1911
*
£ 8. d. 87,972 15 9
297,798 7
0
335,771 2 9 167,885 11 5
Half paid June 30, 1911
Balance due
PAYMENTS received and Interest allowed.
167,885 11
4
£ 4. d.
9 7
122
974 7 7
11
9%
286 6 8
+
1,126 3 10
July 31, 1911. 28,0007, 4 per cent. interest to December 31, 1911, 153 days 469 Aug. 31, 1911. 28,0007. Sept. 30, 1911. 28,000. 11
35
15
Interest allowed
Oct. 26, 1912. 28,000L
Feb. 1, 1913. 28,0002
Feb 1,1918. 27,8834 11s. 40.
[1089]
167,885. 11. 42.
F
226