CO129-396 - Public Offices - 1912 — Page 59

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Note from the Wai Chiao Pu to His Majesty Minister.

57

REGS 9 SC

July 25th, 1912.

Sir: -

In former times if Provincial officials had

recourse to foreign loans to meet urgent public re-

quirements, they were invariably obliged to report

the matter beforehand to the Throne, and, the consent

of the Central Government having been given, by way

of recording and authenticating the transaction an

official communication on the subject was addressed

to the Minister in Peking of the country concerned.

The foreign merchant making the loan was also required

to report the matter in the first instance to his

Minister in Peking and ascertain through the latter

from the Central Government that a memorial on the

subject had been submitted to the Throne, before he

undertook to make the loan. If there were no record

of the Imperial sanction having been thus obtained and

the foreigner lent the money simply on his own authority

the State, irrespective of any contract which might

have