CO129-396 - Public Offices - 1912 — Page 61

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even though under commercial management can be valid

unless it has been submitted to, and allowed by, the

Central Government, and also that foreign merchants,

before concluding the terms of any loan, must report

to the Minister of their nationality at Peking and

request him to ascertain definitely whether Government

has given its sunction to the transaction, before

undertaking to make the loan, with a view to securing

satisfactory safeguards.

I have the honour to communicate the above infor-

mation to Your Excellency for notification to the

British mercantile community throughout the country.

I avail &c.,

(Seal of the Wai Chiao Pu)