:
bpy.
182.
18169)
sir,
REC
C.U
40268
REG 1 SEP 15! 232
BRITISH LEGATION.
PEKING.
July 26th, 1915.
With reference to your despatch No. 128 of the
15th ultimo regarding the alleged German State-aided
Financial Trust behind German firms in Hongkong, I
have the honour to transmit the following observations
made by Mr. Rose, of His Majesty's Consulate-General
at Shanghai, to whom I forwarded the papers enclosed
therein privately for his perusal.
Mr. Rose thinks that the evidence of State ald
in connection with these firms is hardly sufficient.
to prove the case and he is convinced that many of
the most successful German firms have not received any
financial assistance of this nature. The heavy com-
missions on dyes would, he considers, very probably
be used by individual firms if they were determined
to get new business in other directions and drive com-
petitors from the market; nor is the dye trade the
he Right Honourable
Sir Edward Grey, Bart., K.G., M.P.
&C...
&c.,
&c.
only