We print below a copy of a telegram from the Shanghai Chinese Chamber of Commerce to Sir Edward Grey, his Majesty's Principal Secretary of State for Foreign Affairs, dated June 18, 1912, requesting his Majesty's Government to persuade the Syndicate of Bankers to modify the more stringent terms of the proposed loan.
The text of the message is as folmerce in reply that so far the action of the groups has met with the entire approval of his Majesty's Government,—_ who, however, cannot urge the Banks to make any loan which does not, in their opinion, offer adequate guarantees for the proper and useful expenditure of the proceeds and satisfactory security for the payment of principal and interest; and further, that in regard to all questions connected with this loan his Majesty's Government are acting, and will continue to act, in full accord with the other Governmenta concerned.""
Text read from the printed page and cleaned; old type leaves the occasional error.