893.51/5151: Telegram

The Acting Secretary of State to the Minister in China (MacMurray)

198. The Department of Commerce has received telegraphic report from Shanghai office that the Chinese Ministry of Railways has submitted memorandum to Central Executive Committee proposing that one hundred and fifty million dollars silver be appropriated from the British and Russian Boxer Indemnity funds for the issuance of bonds, proceeds of which are to be used for the completion of the Canton-Hankow and Lunghai Railways. Please investigate and report by telegram, paying special attention to possible granting of preferential rights to countries named in supplying of materials to be purchased.

Clark