1

22 MÅNGA KA

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10.

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2:

There are difficulties to meet elsewhere in Chinc.,

and we cannot possibly help any side.

There must

bo no uncertainty as to the destination of any money lent by Hong Kong for even if it was not directly used for military expenses it might release thur funds for that

purpose.

MR.

359

CHEN: It is necessary to realise that the solution of the boycott involves fresh financial burdens,

MR. SOONG':

Any money lunt would be used entirely for stopping the boycott and would not be devoted to military expenses.

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-MR.

1

محمد

BRENAN: It is quite impossible to consider a loan either for military expenses or for stopping the boycott. We, however, have suggested the other solution of an industrial loan,

MR.

·

CHEN: If the boycott trouble is to be solved, it is to

bé solved in the interests of British trade. The Nationalist Government would necessarily incur expense in settling it,

and we have no money for the purpose.

MR. KEMP : It involves a financial burden which you want us t

share. Take it up yourselves nd trade and prosperity will

at once increase

MR.

CHEN We do not get the Customs revenue.

HR. KEMP: I don't refer t. the Chinese Maritime Customs rev.nuc.

General prosperity will mean an increase of general revenue.

MR. BOONG: Yes, but that is in the far future. We require money

now to remove this burden.. The improvement in trade would

not be effected in a month.

MR. BRENAN:

But perhaps in a few months trade would flourish. For political and other reasons n. loan can be made except for

C.

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