CO129-345 - Public Offices & Foreign Office - 1907 — Page 154

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151

and,France and Germany, although the Viceroy would prefer that the

amont should be made in the name of the H&S.Bank alone,the provisa

form participation being embodied in a final clause, as in the

lodov *x*x*x 1905 agreement. Having arranged these pointa satisfac-

by with the Wal Tu Pu,I am to let him know through Mr Fraser, and

an then proceed to the discussion of the other terms of the agr-

Ent. It was not his wish,Chang told we me, to increase the amount

loan at present. If the Wai Tu Pu could be induced tosanctio

he amount of £17500,000. now proposed, this wouldserve as a preced-

for the further borrowing later if required. In the event of the

Ju Pu's opposition to this loan proving insuperable, the Viceroy

that we would allow him to resort to the contract advance system

which he asked me to draw up a memorandum.

he

vi og samler stodetudJTA You wib vioaral ed term holder schemos.

that

From the point of view of the present businessI do not look adini alantile cu modsgotab un

alno- to som helsta od banquer bisd viey pay mision from Chang as a very serious one.It seems to me

in insult to expect Ɛwn the financiers of thethree great markets

form themselves into jimportant so important a combination,for

rticipation of £500,000.each,in order to assist Chang's incohere-

To humour his preference for provincial borrowing and

ional construction in order to deprive him of any pretext for

* back on his engagements to the British, is one thing but to put

tion such important machinery for the attainment of this tempor-

object,is quite another

so to potrOZA VOʻY

dondeb a kar

fine the sa nolturablumos

all me beam 1 ens vt ma

•

The experience I have derived from the negotiations of the

few weeks forces me to the belief that no sound progress can be luebeldena Corpo antis dart 6d for in railway construction if the initiative is left to the

provincial