CO129-512-4 Boxer Indemnity Settlement 22-12-1928 - 9-5-1929 — Page 33

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should rest with China. 11

3.

Doctor said however that the intention of

Chinese government would be to use money as proposed

and he would be willing to give me assurances to this

effect which might be recorded in minutes. If enquiries

were made on the subject in Parliament he would more-

over have no objection to mention being made of the

receipt of such verbal assurances. He presumes however

that the Chinese railways would not be expected to buy

British material unless it was suitable and similar in

price to that obtainable from other sources.

4. He thinks Haiho scheme which will be of general

advantage to all trade in North China is one which

national government would like to finance even though

this use might not be a productive investment in the

ordinary narrow sense. Unless however form of

expenditure were such as to hold prospect of eventual

return I am doubtful whether is Majesty's Government

would regard it as suitable investment for endowment

funds and would like definite instructions

5. As regards Hongkong University government will

be glad to transfer the sum mentioned of £250,000 and

Minister for Foreign Affairs authorized me to say that

many provinces in China feel much indebted to the

university and will welcome this allocation as en

acknowledgment of their debt. He wanted further

information regarding University of China committee but

on my giving him copies of memorandum enclosed in your

despatch No. 68 received April 25th he said he felt

fairly.....