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2.

possibility of southern government denouncing indemnity agreement either when they got Peking or before in

which case fact that board was actually functioning

and distributing funds would be a safeguard. Could we

not face them with fait accomplai.

I am much impressed by Wang's views which I have

reason to believe are shared if not inspired by Yen,

and I trust you will be able to expedite passage of

amending bill through parliament I should also like to

be authorized to approach persons above mentioned and

those on my list as soon as possible.

Matter really one of some urgency and I am most

anxious to get necessary machinery set in motion here

with least possible delay, otherwise we may be faced

with usual cycle of complication.

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