71
Draft Telegram to Sir M. Lampson, Peking.
My telegram No.
Boxor Indemnity7.
1. I have the honour to refer Your xcellency to the
declaration made by the British Government in Pecember 1922,
that the balance of the British share of the Indemnity of 1901
would thenceforward be devoted to purposes mutually beneficial
to China and Great Brit in and to express the hope that the
British Government will at once take stops to remit all pay-
ments of the Indemnity as from December 1st 1922 to the unfet-
tered control of the National Government of the Republic of China.
2. In the event of such remission being effected, it is
tae intention of the Chinese Government to creto out of the said
Indemnity funds an endowment to be devoted to educational purposes in harmony with the general views set forth in the report of the Anglo-Chinese Advisory Committee (the Buxton Committes published in 1926, to which the attention of the Board of Trustees referred
to below will be invited. It appears to the Chinese Government
that the most advantageous plan for providing such an endowment
would consist in the investment of two-thirds of the said ind om-
nity funds (namely the accumulated funds now on deposit and all
future instalments! in rehabilitating and building railways in
China. The funds thus invested will be regarded as loans advanced to the railways in question, and the amounts which would be attri-
butable to the service of such lo ns will be applied to educational
purposes. The remaining one-third of the total indemnity funds
will in part be similarly invested in other productive undertakings,
the revenue from which will be devoted to educational purposes, and
in part used for educational purposes by direct expendituro. For the control, apportionment, and administration of the said indem- nity funds remitted, the Chinese Government will duly appoint a
Board of Trustees which will include a certain number of British
members.
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