File No. 893.51/978.
The American Minister to the Secretary of State.
[Telegram.—Paraphrase.]
American Legation,
Peking, July 1, 1912.
Peking, July 1, 1912.
The Chinese Government has reduced the amount of the proposed loan to £10,000,000, expecting relaxation of supervision. The British Minister informs me however that his Government refuses to relax the conditions even for the reduced amount. Similar information as to the attitude of the French Government.
Calhoun.