CO129-510-10 Financial loan from Hong Kong government to Canton Provincial government 3-4-1928 - 3-8-1928 — Page 22

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POPRION OFFICH, 8.1.1.

July 26th, 1928.

My den. Stab

With reference to your enquiries on the

sabject of the proposed loan to the Canton Government

en the security of the two and a half per cent surtax

there appears to be some nacertainty as to tæ nature

of the negotiations wàlen have taken place and even as

to whether negotiations are still contiming. It is

possible that the wasle matter may have fallen into

abeyance, bat in view of the possibility of a renewal of

the negotiations it seeɛs desirable that I should pleoo

before you the political objestions which we see to the

Hongkong and Shanghai Bank's entertaining at tæ present

işkəng

time any such proposal me that contained in the @ngkong

telegram of June 27th, a copy of which you comanisuted

to this department.

From the purely local point of view it would

no doubt help to cement the present frary friendly

relations between ångkong and Canton if the former

sir Newton stabb, 0. 3. B.

soula/