478
Copy of telegram despatched to Peking. May 6th, 1914
Following from the Five Groups,
Re your telegram of let May. You are authorised
to release out of the £2,000,000 set aside for reorgan-
ization of the Salt Administration whatever sum, not
exceeding £1,000,000, may be necessary to rehabilitate
the Kwangtung Note Issue, to be used solely for that
purpose, subject to the two following conditions:-
(1) Sir R. Dane to state in an official communi- cation to the Five Groups that items 1 and 4 Annex F are now no longer necessary.
(2) Chinese Government to state officially to the Five Groups that the proposed expenditure under these heads is accordingly abandoned.
Annex F (Reorganization Loan 1913)
§
(1) Capital for purchase and transportation of
$7,000,000.
Balt
(4) Capital for advances to Salt Merchants under
a banking scheme to be approved by the Banks.
$5,000,000.
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