groups being ready to sign and urging the Bank to
send out the necessary instructions, the matter presses.
489
Confidential.
Copy.
As a last resort the Bank say that
(20791/09)
they could agree to the elimination of the Corpora-
tion in Article 18 of the Loan Agreement if an assur-
ance were given by the Chinese that no objection
would be raised when the Bank hereafter nominate
the Corporation as agents. If necessary you may make
use of this information.
Paraphrase of Telegram to Sir J.Jordan,
No.104, dated June 3rd, 1909.
Canton Hankow negotiations.
Please see my telegram of to-day, No.103.
In view of the fact that formal assurances were
given at Berlin and Paris that in this particular
matter the British and Chinese Corporation would re-
ceive the exclusive support of His Majesty's Govern-
ment I am inclined to agree with the Bank in thinking
that to give way now to Chang-chih Tung's unreason-
able objections by agreeing to suppress the Corpora-
tion or to change it's name would involve a heavy blow
both in China and in Europe to British credit.
The loan cannot however, now be permitted to fall
through. Do you think that there is any danger of
this taking place?
No comments yet.
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