CO129-337 - Public Offices & Foreign Office - 1906 — Page 381

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until the whole world knew of it. If simply because

of want of funds redemption should prove impossible

and we cast away the draft agreement not only would the

power be lost for ever but it would make all nations

talked sneer at China's representatives as people who without

making good and this would hamper in many ways all our

future international dealings. During these 7 days

A

I wandered about my abode in absolute despair and how

this business was to be accomplished I dared not surmiso.

The above was the sixth of my troubles.

Fortunately the Nupei Government bank's credit

is good and it is trusted by the foreign banke.

I called together the Commissioners and Intendants and

held earnest debate.

In consideration of the national

interests involved they agreed in taking the responsibility

So I directed the government hank to devise means to go

surety and apply first to the Hongkong and Shanghai

Bank for a loan of Taols 3,000,000 at interest, the

government bank itself collecting over 2,000,000 and so

quite beyond my hopes the telegraphic remittance duly

reached America in time.

I at once by telegram

to the Grand Council submitted to Your Majesty the final Redemption Agreement and obtained sanction to its being

executed.

At the same time I had telegraphed to

the English consul to return to Hankow and negociate the loan agreement. The English consul seeing I

had managed myself to raise temporary loan to pay the

first instalment and as the redemption of line was a

matter of high politics was also ready to assist in

putting through the grand undertaking.

Thereupon

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