CO129-344 - Public Offices & Foreign Office - 1907 — Page 607

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experience of the Viceroy's character led him to think

that he would hardly risk this. The danger which Kr.

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Hillier saw in this course was that should it fail and sket

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should the London and Paris markets then be closed to the

Japanese,

the latter might then be driven to the dermans,

who, to counteract British influence in Japan generally,

might be disposed to assist them. This was a danser,

however, which Mr. Franer thought, our Londen financiers

knowledge of the German market placed them in a better

position to estimate.

In this view of Fr. Fraser's I concur, and I am

further inclined to think that, having regard to the

specific assurances riven to Br. Lowther at Tokio, it is

hardly necessary any longer to consider the possibility

of the Japanese again offering a railway loan to the

Viceroy without previous consultation with us.

In view of our official engagements to the wrench

Government and in order to convince my French Colleague,

who has at times appeared to me to be unduly suspicious

on the point, that we were acting strictly in accordance

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