[This Document is the Property of His Britannic Majesty's Government.]
AFFAIRS OF CHINA.
CONFIDENTIAL.
[5917]
6654
[February 17.]
SECTION 3.
Prof 17 MAR !!
No. 1.
February 17.)
Hong Kong and Shanghai Banking Corporation to Foreign Office.—(Received
Dear Sir Francis,
31, Lombard Street, London, February 17, 1911.
I WAS in Paris last Monday, and took the opportunity of seeking from M. Simon some further information on the question of Russian participation in China loan business referred to in my letter of the 26th January.
I was informed that M. Korostovetz had now definitely stated that the policy of the Russian Government was to leave us a free hand as regards all Chinese railway loans within the eighteen provinces of China, while reserving to themselves freedom of action as regards railway business in Manchuria and Mongolia, and also as regards political loans, by which I understand M. Korostovetz to mean financial loans as distinguished from railway loans, throughout the whole Empire.
I was further informed that for the purpose of carrying out this policy a powerful international group had been formed consisting of the Russo-Asiatic Bank, the Banque d'Outre-Mer, the London City and Midland Bank, Lloyd's Bank, the Bank of Scotland, and the Eastern Bank.
1 am now making enquiries with regard to the composition of the English members of the group, but have not so far succeeded in obtaining confirmation of the alleged participation of the British banks.
Yours truly,
[1909 r-3]
C. S. ADDIS.
480
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