The 1901 Protocol states accordingly that the Boxer Indemnity is a "gold debt,"' that it is a''sum of gold," and that "the capital and interest should be payable in gold or at the rates corresponding to the dates of payment."
In the exchange of Notes of July 2, 1902, Prince Ching, on behalf of the Chinese Government "recognizes that the sum of Ts. 450,000,000. constitutes a debt in gold" and undertakes to pay it "either in silver, according to the price of silver on the - London market, or in gold bills or in telegraphic transfers.... provided that the payments in gold,
Text read from the printed page and cleaned; old type leaves the occasional error.