CO129-416 - Public Offices - 1914 — Page 87

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of the Canton Goverzsent with a domontic loan not exceeding

$20,000,000, provided that the requisite foreign control

could be shown to be imposed by the Central Government

and not voluntarily subrajtted to by the lenders and the

provincial Govermant, lir. Jusisson suggested that if the

President could be induced to instruct the Canton autho-

J

rities to accept the principis of forsigi control, and if I

considered the uchema fonsible, he should be instructed

to start negotiations at Canton, He pointed out that

the depletion of the provincial Treasury wuxi the enormous

depreciation of the note issue huud resulted in the complete

stagnation or trade in Bongrong, and that a seriou

crisis was threatened.

MAN

I fully appreciate the urgent naceusity of finding

some remely for the desperate situation in Kuwagtung, and

the solution now proposed meman to tan more practical and

more in accordance with British interests than Er. Hillier'o

scheme, the dangers connected with which I indianted in my

despatch above quoted. It will be no dany latter to

secure noceptance of the conditions au to control and

oecurity

84