CO129-512-5 Boxer Indemnity Settlement 21-5-1929 - 21-5-1929 — Page 125

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12)

£250,000 be transferred to the Hong Kong University out of the deposited funds, a sum of £200,000 being similarly transferred to the Universities China Committee in London:

(vi) That, as future instalments of the Indermity are paid, they should also be partly applied to immediate educational purposes, as recommended in the Advisory Committee's report, these instalments also being regarded as available for the principal purposes, namely railway rehabilitation and river conservancy.

2.

I gather that His Majesty's Minister at

Peking has been instructed that, if some such

assurances can be obtained from the Chinese Government,

the intention of His Majesty's Secretary of State for

Foreign Affairs is to instruct the Minister to inform

the Chinese Government that His Majesty's Government

will at once be able to remit all future payments of

the Indemnity by the Chinese Government, in the

conviction that, in due course, and after the necessary

legislation has been passed in Parliament, His Majesty'1⁄2

Government will transfer to the Chinese Government the

balance of the deposited funds, having first set aside

the two sums of £200,000 and £250,000 for the

Universities' China Committee and the University of

Hong Kong respectively.

3. I am not quite clear as to the exact

intention of His Majesty's Government in this matter.

is it intended to remit as soon as possible all

future payments of the Indemnity by the Chinese

Government? In other words, does His Majesty's

Government now propose to inform the Chinese

Government, at the earliest possible opportunity that

no