SECRET
CABINET 9(28)
Extract from Conclusions of a Meeting held on
Friday, February 17th, 1928, at 2.30 r.m.
7
145-
THE CHINESE BOXER INDEM – NITY
(Previous Reference: Cabinet 5
(28),Con- clusion 3).
11. After hearing statements by the
Chancellor of the Exchequer and the Secretary of
State for Foreign Affairs, in the course of which
Sir Austen Chamberlain again warned his colleagues
that the appropriation of the Chinese Boxer indem-
rity to the ordinary British Budget would be a
profound mistake, with consequences for which he
could not assume responsibility, the Cabinet agreed
(a) That the Boxer Indemnity, including
the funds accumulated and not yet
spent, should not be confiscated but
should be used for the forthcoming
Budget on condition that the money is
made available when the Government con-
siders that the time has come when it
can properly be devoted to projects
equally beneficial to China and Great
Britain in accordance with the assurances
given to China in Lecember, 1922:
(b)