AS
* TIL! GOVI" -OJEVA GUT
.OTIHOITAIKORRA
Jan191-970o" .62
.70JOSTIJ
COPY.
No. 326.
Sir,
B
July 11th., 1918.
245
Reports have recently been current to the effect that the Chinese Government was about to conclude a loan with the Chosen Group of Banks forthe sum of Yen 5,000,000 in oriar to finance General Lung Chi-kuang's expedition against Canton, and that the loan would be secured on certain mining rights in the Canton Province.
In view of British interests in this area, enquiri- -es were made at the Japanese Legation, and they elicited on June 21st. a denial that the Mitsui Company was negotiating any such loan.
The Mitsui Company is believed to be associated with the Chosen Bank Group, whose activities are apparently not within the cognizance of the Japanese Legation, but the denial way be worthy of record, especially in view of the fact that well- -informed Chinese are convinced that some loan has recently been made by the Japanese through the medium of the Exchange Bank of China, on the security of mines in Kum gtung.
I have etc.,
(Sd.) J.N. Jordan,
The Right Honourable
A. J. Balfour, 0.H. M.P.,
Foreign Office.
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