[This Document is the Property of His Britannic Majesty's Government.]
CHINESE LOANS AND CONCESSIONS.
CONFIDENTIAL.
[237892]
No. 1.
183
[December 17.]
SECTION 2.
Sir C. Addis to Sir W. Langley.—(Received December 17.)
Dear Sir Walter,
THE American group.
Hongkong and Shanghai Banking Corporation,
9, Gracechurch Street, London, December 15, 1917.
I enclose a copy of the letter addressed by the American Ambassador in Paris to M. Cambon, from which you will see that the French group, as well as the British group, are being urged to participate in the currency loan preliminary advance of 2,000,0007.
suppose there will be no objection now to my informing M. Simon that a similar application has been made to us here, and that the British group, subject to the consent of the Treasury, is prepared to participate in the advance, provided the American does the same.
group
Enclosure in No. 1.
Yours sincerely,
C. S. ADDIS,
American Ambassador, Paris, to M. Cambon.
My dear M. Cambon,
American Embassy, Paris, November 27, 1917. IN conformity with the request which you expressed to me yesterday evening in our conversation, I hasten to summarise what I said to you then to the effect that my Government has been informed by the American Minister at Peking that both the French and British groups in that city do not object to the advance by Japan of 2,000,000l. to China in the contemplated Currency Reform Loan, but that neither of these groups will be able to participate. Nevertheless, it is the earnest desire of the American Government that the French group should participate in this proposed immediate advance to China of 2,000,000L
At the same time my Government is considering the formation of an American group for the purpose of participating in this proposed currency loan to China. Therefore, should the French group agree to participate in the initial advance os suggested, then the American group, when it is organised, might consider a plan to carry, temporarily, the future participation of the French group in the loan.
It is considered very important by my Government that the French participate in the first advance to the loan of 2,000,000, and it is most earnestly hoped group should that the Government of the Republic will make such an arrangement.
As I said to you yesterday, the American Ambassador at London has been instructed to take up this same matter with His Majesty's Government,
[2752 d 2]
With, &c.
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