CO129-471 - Public Offices - 1921 — Page 233

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congress of British Chambers of Commerce was

232

Shanghai,

Resolutions were passed in favor of abolishing henceforth the whole principle of special nationalistic concessions, and of co-

At the operating with the Chinese for the upbuilding of China, close of the meeting the Chairman announced that a new era for China had finally damed, All of the British newspapers in China

At the same time, Mr. lauded the wise action of the Chambers, Lament was in Paking, and was setting forth that the object of

the Consortium was the abolition of further concessions, and the uniting of the financial resources of the banke in the Censortium

By an ironical fer the monomio development of China itself, coincidence, the Hongkong-Shanghai Bank, which is the financial power behind the contract and the new company, is the leading

It is difficult to see how any British partner in the Consortium.

of the British can henceforth accuse the Japanese of bad faith if any of the banking interests of that country should enter upon independent negotiations with any goverment in China.

By the time the seene of action was transferred to Paking in order to secure the confirmation of the central government, the Aufu regine was no more, and as yet no confirmation has been

The new goverment at Canton has declined to recognise secured.

An official of the Hongkong the contract as having any validity. government has told an official of the Canton goverment that the Hongkong goverment stands behind the enforcement of the contract and that Kwantung province is a British Hinterland, within the last few weeks the Governer of Hongkong and a leading Chinese banker of

Rumours Hongkong who is a British subject have visited Paking.

were rife in the south as to the object of the visit. British sourous published the report that one object was to return Weihsiwed

to China – in case Peking agreed to turn over mere of the Kwantung mainland te Hengkong as a quid pro quo.

Chinese opinion

in the south was that one main object was to secure the Peking confirmation of the Cassell contract, in which sase 8900,000 more would be forthcoming, $100,000 having been paid down when the

contract..................