CO129-482 - Public Offices - 1923 — Page 383

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overnment were opposed to any system of doles or advances

a Vovernment with such amall elements of stability,

mable to give satisfactory guarantees that money so ad-

vanced would not be spent for military purposes; and

et the question of such advances could only be consid-

red in connection with and as forming part of a definite

abt consolidation scheme. If the Chinese Goverment

tenninely sought foreign financial assistance on these

Jer-s, they should, I advised, place themselves unreserved-

ly in the hands of the Groups, and facilitate the task of

he latter in endeavouring to elaborate a funding scheme

furnishing the fullest possible data as to China's

dabilities and assets, Wile a sufficient measure of

foreign control over both security and expenditure would

je required to satisfy the bondholders; and I added that

Werantees would probably be called for that any srich

pan or advances would not bubsequently be repudiated by

Me prosent obstructive and anti-foreign Parliament.

10.

in the meantime the various existing financial

Dittess have been reorganised into a new Financial

organisation Commission under Dr. Yen, which is to in-

ade the Ministers of Foreign Affairs, Finance, and

promications, the foreign leads of the Customs and Salt

381

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