2.
give indeterminate period to Shanghai.
We are in my
view lucky to be offered Wang's ten years assuming that
later when the present crisis is over he sticks to it
which (2 groups undecypherable) (? of course) (?insure).
6. Indeterminate period with negotiations within
five years, see your telegram No.77, leaves the door open to Chinese at any time to make the whole position at
Shanghai untenable by means of which they have shown
themselves past masters. Maximum period of 10 years at least gives a definite breathing space during which our interests can adjust themselves to change which is bound
to come sooner or later whether we wish it or not,
7. Which is the wiser course to choose is for
His Majesty's Government to say. I can only judge their
views by general trend of your despatch No.303 to
Washington,
8. In any event I now see no special urgency in reaching a decision which is a very big one and I beg I
may receive earliest reply on paragraph 2 of this
telegram.
Addressed to Foreign Office No. 248, repeated to Peking, copied to Shanghai.
306
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