CO129-507-1 Proposal to dispose of Boxer Indemnity funds- claim by Hong Kong university 21-12-1927 - 24-7-1928 — Page 145

SECRET

5 145

CABINET 5(28)

Extract from Conclusions of a Meeting held at 10 Downing Street on Thursday, February 2nd, 1928, at 1130. a.m.

THE BOXER INDEMNITY

(Previous

Reference: Cabinet 61 (27) Con- clusion 11)

3.

The Cabinet had before them the following

documents relating to the Chinese Boxer Indemnity :-

A Note by the Chancellor of the Exchequer (Paper

C.P.18(28)) covering a Memorandum by the Treasury

suggesting that there was ample justification for

paying over to the Exchequer the whole of the £2,000,000

accumulated from the Boxer Indemnity now lying unused, as well as the further payments of £400,000 a year

so long as the China Defence Force has to be retained.

es

A Note by the Secretary of State for Foreign Affairs

(Paper C.P. 24(28)) covering Memoranda by the Foreign

Office and the Right Hon. The Earl Buxton, Chairman

of the Indemnity Advisory Committee, and other

Papers, resisting the Chancellor of the Exchequer's

proposal.

A Note by the Acting Secretary of State for the

Colonies (Paper C.P.25(28)) covering a letter from

the Governor of Hong Kong and proposing that a part of

the already accumulated Boxer Indemnity funds, namely,

£1,404,000 be made available for the development of

Hong