2
discuss with foreigners. To all queries their stereotyped reply is: "Yes, the capital is now 5,000,000 taels. The accounts are being audited and the money actually counted over by a deputy from Peking. The final survey of the railway is not yet complete; construction will begin in a few months' time.”
I have, &c.
(Signed)
HARRY H. FOX.
Note. I learn that at a general meeting of shareholders held at the railway office on Sunday afternoon (22nd September) it was decided to commence construction of the section of the line between Ichang and the Szechuan border "as soon as possible." An amendment proposing that a light line between Chungking and Chengfu should first be built in order to demonstrate the advantages of a railway to the people of Szechuan" was lost by a small majority.
[This Document is the Property of His Britannic Majesty's Government
CHINA RAILWAYS.
CONFIDENTIAL.
[40662]
(No. 136.)
No. 1.
Sir Edward Grey to Sir J. Jordan.
127
[December 10.]
SECTION 1.
X
(Telegraphic.) P.
Foreign Office, December 10, 1907. PLEASE refer to my telegram No. 134 of the 9th instant. The British and Chinese Corporation have represented that delay in signing the Ticn-tsin-Yang-tsze Agreement would not endanger that Agreement; that the loan could not be issued either here or in Berlin, in view of the present state of the money market; and that if it were signed now it would be impossible for us ever to succeed in getting the Suchow-Ningpo Agreement signed. You are in the best position to judge of this last consideration, which seems the only one of importance.
You must therefore use your discretion, as regards acting on the considerations urged in your previous telegram, if you consider that they hold good.
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