Enclosures L
Translation.
172
(Extract from Man Kwok Yat Po, Canton. 20th December, 1926.)
Facts in connection with the loan of £5,000,000 to
Mukden by British Imperi lists.
The first man who negotiated it, ma Sun Chun Fong.
The parties who made the investment were Ho Tung,
The Chartered Bank of India. Australia and China, and
The British American Tobacco Company, in Hong Kong.
Securities:-
Cigarette Tax in Shanghai, wharves and
other structures at Pukow, Tsong-Shek (i.e. Shihchiachwang-
Tsang Chow) Railway, and Peking-Jehol Railway. Later on
the Customs will be used as security instead.
Of the loɛn, $300,000 will be employed for
repayment of foreign loans, and the balance handed over
to the Mukden Kilitarists.
(From our own Correspondent at Shanghai)
The proposed loan of £5,000,000 to the
war lords Cheung Tsok Lam and Sun Chun Fong by British
merchents in China for military expenses against the
South has aroused violent opposition among various associations throughout China. According to information from a man who is conversant with the facts, the loan was
first negotiated by Sun Chun Fong at Shanghai with some British Capitalists. Sun had a discussion with Cheung Tsok Lem on his visit to Tientsin, and thereupon Wellington
Koo was called upon th go there. For fear that trouble would ensue in future, Koo dared not take the responsibility and declined politely. Then Pun Fuk was sent to take up the matter with the bogus Ministry of Communications. Enquiries show that the Parties who have taken shares in this venture
are Ho Tung ( a wealthy naturalized British subject), the Chartered Bank of India, Australia and China, and the
British