CO129-344 - Public Offices & Foreign Office - 1907 — Page 183

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the Board was advised that the Loan could be issued immediately

at par, and in postponing the issue to meet the Viceroy18 wishes, the Directors have therefore incurred the risk of a

fall in the market.

and the price payable Should a fall occur,

to the Chinese Government be thus reduced, no responsibility

or blame can attach to the Corporation.

I have the honour to be &c.

Representative in China.