CO129-360 - Public Offices - 1909 — Page 176

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T.P.Chang r quested that I should also prepare a rough draft

of terms of the loan agreement as acceptable to the Cor-

poration. To this and I suggested, and it was arreed, that

the draft should be in alternative forn; one allowing for

construction cntract, and the other without that condition.

7.3. referred to the fact that "r.Moore and other

employes were under agreement to the Yuen Han Reilway Company

and had no doubt that, having been taken on at the recommen-

dation of Fr."raser, their services would be continued under

any loan agreement that might be made. I replied that m..

Consul General had recommended these men on the understan-

ding that it was the Chinese Government's intention to build

the Railway without foreign capital. While anticipating the

Corporation's readiness to do everything possible to arrange

matters to is Fxcellency's satisfaction, I could give no

a Burance on this point. I thought it unlikely that esrers.

Pauling and Co or other responsible contractors,

wh 090

successful work depends chiefly upon economic organisation

would be willing to employ any but their own trained staff,

As regards the upei division of the Szechuan Railway,

1 is "xcellency stated that t is undertaking remains in the

hands of the provincial authorities. Then he was Viceroy

at Tuchang he had intended to construct both lines under

one foreign loan, but in the present negotiations he ie

concerned only with the Yuch Han trunk line, which the

Government desires to have built without further delay.

In conclusior, 1.2. laid stress upon the presence in Peking of Messrs, Cordes, Odagiri, and Jaact and there world appear to be little room for doubt that these gentlemen hav

boen invited to take an interest in the business, with a

view to stimulating competition.

Mr.Tsong Kuang Yung

observed that as the bonds of the recent Luhan conversion

had