Copy.
No.14039/09.
The Secretary of State for Foreign Affairs has
the honour to acknowledge the receipt of the Chinese
Minister's communication of the 14th instant enclosing
the translation of a telegram from the Wal-mu Pu re-
garding the Canton-Hankow Railway loan.
Sir E. Grey has the honour to observe that His
Excellency Chang Chih Tung would not appear to have
realised the objection put forward by His Majesty's
Government, as their contention that the refusal of
the Chinese Government to give proper security that
the loan funds will be expended upon the object for
which they are lent is a breach of the spirit of the
assurance given on September 9th, 1905 by him to His
Majesty's Consul-General at Hankow, is not noticed in
His Excellency's telegram.
Foreign Office,
April 21st, 1909.
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