In regard to the English proposal (eventually adopted) for the issue of 4 per cent bonds by China to each Power, M. Beau says the United States representative was the first_to give his approval (fay 22nd). The German Minister soon forwards gave his support on behalf of his Government. The Belgian Government cams into line on the 3ist. On the Lith June M. Delcassé, after consulting with Count Lamsdorff, authorised Beau to agree, in accord with M. de Giers, to any financial combination, when ther a loan or bond, which should be unanimously approved, provided that the guarantees should be in proportion to the sums demanded and that such guarantees should be easy of control, without affording any pretext for interfering in the internal altairs of China, M. Bean cabled on the 15th of June that the British, United States, and Belgian representatives declared that they could not support, the proposal in regard to a loan guaranteed by the Powers. The adoption of the bond system thus became inevitable, and the diplomatic corps unanimously agreed to it. Four per cent was fixed as the minimum rate of interest, and the opinion was expressed that. the bonds to be given by China should state the amounts due in the currency selected by each Power. M. Deleassé had previously proposed that the loss on ex change should be borne by China, 5th July.
Text read from the printed page and cleaned; old type leaves the occasional error.