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This Document is the Property of His Britannic Majesty's Government, and should be returned to the Foreign Office if not required for offdink namā me
CHINA
C. 1850
Sir R.Macleay, (Poking) 22 JAN 1926
Decypher.
January 20th 1926.
D.
R.
9.0 p.m. 9.0 a.m.
January 30th 1026.
January 21st 1926.
No.3.
465
CONFERENCE.
Your telegram No.13.
We do not propose unless you desire us to do so to elaborate in greater detail, arguments in regard to objections and dangers involved in new policy you suggest. To sum up position as we see it you are taking too long a view in disregarding immediate consequences which would in our considered opinion gravely prejudice prospect of ultimate restoration of unity on federal or any other basis and be dangerously destructive to whole edifice of Chinese government's finance and to customs administration in both of which British interests in Far East are so deeply concerned.
You asked for alternative policy and we suggest that this may be found on line of insisting as far as may be possible on provincial endorsement of any arrangements made by Conference and avoiding undue commitment in regard to custody of surtax revenue for likin abolition and "other purposes including debt consolidation. We may then be able if the dangers you anticipate materialize later on to dizsociaba ouzesives from assisting Central Government in collection of surplus revenue in face of provincial opposition and
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