CO129-512-5 Boxer Indemnity Settlement 21-5-1929 - 21-5-1929 — Page 157

Mr. Caine 28/5 at once.

F.0.will supply cypher groups

Copy to F.0. L.F.

62708/29 Paraphrase Telegram from the Secretary of State for the

Colonies to the Governor of Hong Kong•

(Sent 10.0 p.m. 28th May, 1929.)

43

152

My Immediately preceding telegram Following is repetition of F.0.telegram No. 27 of 25th May "Following for Sir M.Lampson, Begins. Your telegrams Nos. 11 and 14 (of May 21st: Boxer Indemnity).

I approve text of draft reply in your telegram No. 14 I assume that you and Chinese clearly understand that whereas assurances from Chinese must be forthcoming before White Paper is laid before Parliament (see last paragraph of my telegram No. 189), your reply cannot be signed until White Paper has been laid before Parliament for 14 days and consent to remission of future payments thereby obtained. New Parliament will not transact any but formal business until July 2nd.

Grant of £250,000 to Hong Kong University was not intended to wipe off unpaid debts due to the University by

Chinese authorities.

An additional grant might be made from

the funds to pay off these debts if Chinese government so desire.

I do not approve currency reorganisation proposal.

This is outside recommendations of Buxton Committee, and it would not provide an investment fund for the future.