The Consortium: The Official Text of the Four-Power Agreement for a Loan to China and Relevant Documents (Classic Reprint) - Tapa dura

Sinopsis

Excerpt from The Consortium: The Official Text of the Four-Power Agreement for a Loan to China and Relevant Documents

Finally I notice that in his answer to the American bankers' letter Mr. Lansing states that the United States Government would be opposed to any terms or conditions of a loan which sought to impair the political control of China or lessened the sovereign rights of that Republic. His Majesty's Government presume that in making this statement the Secretary of State did not mean to imply that the United States Government would not entertain favorably any loan scheme submitted for their approval by the American Group which provided for foreign control of the collection of the revenues earmarked as security for the loan, such as exists in the case of the loans secured on the Chinese Maritime Customs Revenues and on the Salt Gabelle. Similarly His Majesty's Government conclude that the United States Government would not consider, for example, the appointment under the terms of a currency reform loan of a foreign adviser to Supervise the introduction of currency reforms in China as an infringement of that country's sovereign rights. I venture to suggest that the favorable consideration of the American pro posal would be facilitated if His Majesty's Government and the Other Governments concerned could be reassured as to the pre cise intentions of the United States Government in this matter.

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