With reference to the above loan President Liang Tan-yen of the Waiwopa has observed to the President of the Yuch'uanpa, that it would be difficult to negotiate for its cancellation on the strength of mere empty word and that if the Chin in their und ing, it would affect the confidence of He was of opinion that substantial reasons must be shown before negotiation could be opened with the Syndicates' Representatives, It is stated that s Mr. Liang Shi Senior Councillor of the Yuch'annpa rather favours the loan, the Hapeh Representatives have threatened bim that, if he put it through, they will procure his assassination to vent their feelings, It is also reported that the secretaries of the Yuch'aanpa have suggested the application of the loan for railways in Yiionan and Kaeichou provinces, as a compromise in the matter.
Text read from the printed page and cleaned; old type leaves the occasional error.