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overnment were opposed to any system of doles or advances
a Vovernment with such amall elements of stability,
mable to give satisfactory guarantees that money so ad-
vanced would not be spent for military purposes; and
et the question of such advances could only be consid-
red in connection with and as forming part of a definite
abt consolidation scheme. If the Chinese Goverment
tenninely sought foreign financial assistance on these
Jer-s, they should, I advised, place themselves unreserved-
ly in the hands of the Groups, and facilitate the task of
he latter in endeavouring to elaborate a funding scheme
furnishing the fullest possible data as to China's
dabilities and assets, Wile a sufficient measure of
foreign control over both security and expenditure would
je required to satisfy the bondholders; and I added that
Werantees would probably be called for that any srich
pan or advances would not bubsequently be repudiated by
Me prosent obstructive and anti-foreign Parliament.
10.
in the meantime the various existing financial
Dittess have been reorganised into a new Financial
organisation Commission under Dr. Yen, which is to in-
ade the Ministers of Foreign Affairs, Finance, and
promications, the foreign leads of the Customs and Salt
381
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