[This Document is the Froperty of His Britannic Majesty's Government.]
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herself that all four Powers should have a direct interest in the question of currency reform, and seems to regard the joint signature as the best means of securing this end. He thinks it just possible, however, that a portion of the loan may be required for purposes other than currency reform or the development of Manchuria, and that this may account for the hesitation which the Chinese Government have shown to accept the services of an adviser. Dr. Chên's scheme of currency reform applies, it is understood, only to the open ports and to other well-recognised centres of trade, and it is believed that a limited measure of this kind would not require for its enforcement such a large sum as would accrue from the proceeds of the American loan.
I have, &c.
J. N. JORDAN.
AFFAIRS OF CHINA.
CONFIDENTIAL.
[2956]
No. 1.
[January 26.]
SECTION 3.
(No. 14.)
Sir Edward Grey to Sir J. Jordun.
(Telegraphic.) R.
YOUR telegram No. 19 of 25th January: Burmah-Yünnan frontier.
Foreign Office, January 26, 1911. Chinese Minister has communicated copy of a telegram from the Wai-wu Pu in somewhat similar terms, and instructing him to discuss question with me and arrive at a definitive settlement.
I am informing him that as soon as I am able to send a reply to you for communi- cation to the Chinese Government I will explain it to him verbally, but that as the previous negotiations have been carried on at Peking it would not be convenient to His Majesty's Government to transfer them at this stage to London.
[1850 cc-3]
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