CO129-512-4 Boxer Indemnity Settlement 22-12-1928 - 9-5-1929 — Page 72

(2).

>2

(3) That preference will be given to railways

where there is a British financial interest; and that the railway materials required will be ordered in the

United Kingdom.

(4) That, if possible, the urgently necessary

Chihli (or Haiho) conservancy work should also be

financed out of the indemnity funds under the same

conditions as the railway work.

(5)

That in order to make an immediate start

on Anglo-Chinese educational work £250,000 be

transferred to the Hongkong University out of the

deposited funds, and £200,000 be similarly transferred-

to the Universities China Committee in London.

(6) That, as future instalments of the indemnity

are paid, they should also be partly applied to

immediate educational purposes as recommended in the

Buxton Committee's report, besides being applied to

the principal purposes of railway rehabilitation and

river conservancy.

3. If some such assurances could be obtained

from the Chinese government, my intention is to

instruct you to reply that His Majesty's Government

will at once take steps to remit all payments of the

indemnity in future to the National government's

unfettered control; and that in due course, after

the necessary legislation has been passed in Parliament

His Majesty's Government will transfer to the National

government the balance of the deposited funds, after

having set aside the two sums of £200,000 and

2250,000 for the Universities China Committee and

Hongkong