Telegram from the Governor
and awu I Að dap
resided bil, da
RCC for 62 STAW
*
ted Co to aedunia
20. da bauiore od nezeri
DA BAINIKA
800
of his) over the two questions of the issue price of
the loan and the commission to the Corporation on materials purchased, and appeared to think that Legation intervention was necessary.
From the minutes it seems that Mr. Tung Shun-yi,
who is the spokesman of the Chinese negotiators, proposes a fixed price of $96 for every $100 issued, or over 4 points below the actual issue price; Mr. Bland refuses a fixed price and requires 2 points below issue price. As regards commission Mr. Tong offers 5% on purchase of British materials only, with the understanding that British goods, after tender, shall have preference at equal prices; Mr. Bland wants 5% on all materials purchased outside of China.
These two points of difference, however important to the financial interests of the Corporation, did not appear to me to be so vital to British interests as Mr. Bland evidently thought them, and from my knowledge of Mr. Tung and his strong objection to Legation intervention in questions of bargaining, I felt certain representations from me at this early stage of the negotiations, in order to obtain
Ger
تمان المتقال
and awu I Að dap
resided bil, da
RCC for 62 STAW
*
ted Co to aedunia
20. da bauiore od nezeri
DA BAINIKA
800
of hia) over the two questions of the issue ¡rice of
the loan and the commission to the Corporation on me-
torial purchased, and appeared to think that "egation
intervention was necessary.
from the minutes it seans that ur. Tung Shua-yi,
who is the spokesman of the Chinese negotiators, pro-
poses a fixed price of 964 for every $100 issued, or
over 44 points below the actual issue price: Mr. Bland
refuses a fixed price anu requires over by points be-
low insue price. As regards comission r. Tong offers
5% on purchaser of British materials only, with the
understanding that Brivis: guods, after tender, shall
have preference at equal¡ ricas: Vr. Plund wunts 5%
on all materiale purchased outside of China.
points of difference, however impurtant to the financial
interests of the Corporation, did not appear to me to
*
These tw
be so vital to Pritish interests an r. Pland ev idently
though them, and from my knowledge of r. Tung anu his
strong objection to Lagation intervention in questions
of bargaining, I fel certain representations from me
that
at this early stage of the regotiatiefs,
in order tu
obtain
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