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Fuel on 22/1548/145.
288
Copy of telegram from R. C. Allen, Peking, to Sir Charles Addis, London, March 15th, 1914.
Owing to very serious situation Canton N. J.
Stabb has enquired if it would be possible to use
temporarily part of two million sterling Reorganization
Loan fund reserved for reorganization Salt Gabelle for
rehabilitation Canton note issue funds. E. G. Hillier
has replied that in view of protection which would be
afforded to Reorganization Loan security he considers
such application justifiable as Salt Revenue collection
Canton is at present losing dollars 450,000 monthly
owing to depreciation of notes.
His Britannic Majesty's Minister sees possible
objections international character proposed scheme and
while realising seriousness of situation withholds his
approval pending expression of opinion from Governor of
Hongkong.
Stabb now telegraphs that he will wire Sir H.
May's opinion in a few days and suggests telegraphing
to you outlines of proposals in case Foreign Office
consults you.
Hillier
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