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Banking Corporation are net interested in the present proposed loan except as agents for the lenders. The
fact that the Bank received applientions and paid
coupons wald however inevitably lead the Chinese to
associate the Bank with the principal parties to the
transaction. In any case I have thought it desirable
to set forth in fall for your information tum political
aspects of toe matter as the same cossiterations apply
to any similar transaction at the present time.
Yours sin
مد
iincrichy Si Victor Wellesling
ད ས ་ ་ ང