The Archive · 1930

BRITISH BOXER

INDEMNITY

Nanking, Oct, 8 By an exchange of Notes effected jon September 19 and 22 between 22 Dr. C.-T. Wang, Minister of Foreign Affairs, and Sir Miles Lampson, British Minister to China, has been agreed that all payments of the British share of the Boxer Indemnity of 1901 will, subject to the necessary legislation being passed in the British Parli ment, be remitted by the Gover ment' of the United Kingdom as ror December 1, 1922, to the con-{vol of the Chinese Government, The Chinese Government will fapply the bulk of the funds thus remitted to the creation of an endowment to be subsequently devoted to educational purposes by investing the said funds in the rehabilitating and building of raile ways and other productive enter prises in China. Such investments Jshalt be regarded as loans bearing interest. and providing for eventual For the control, apportionment and administration of the endowment, the Chinese Government will area to Tis Majesty's Government Whole matter as inevitable; there surrender of land bought years ago, rather more than a whisper' that will be cancelled as from the date appoint a Board of Trustees in very real regret on the part of the decision will follow so. many of the leading Chinese who on which tie Chinese deeds: of per-'China, in which will be included a many whose residence in the port precedents in China that seem. to openly evinced their dislike of petual lease for the lots above re-certain number of British member thas cone to an end, and an even establish @ ruling that the foreign mn, and actually signed a petiferred to have been duly executed The Chinese Government will greater regret felt by those few who owner shall always receive less than tion to " the

Text read from the printed page and cleaned; old type leaves the occasional error.

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