to Mr. Bayard.
Peking , June 5, 1886. (Received July 26.)
Sir: I have the honor to forward herewith for your information an extract from the Shanghai Courier, giving a report of an interview between Sir John Walsham, Her British Majesty’s minister to China, who has lately arrived in Shanghai, and the committee of the general chamber of commerce, which was desirous of bringing to the minister’s attention several matters which affected seriously the trade of Shanghai, the most important of which being the unsatisfactory system of duty drawbacks.
Sir John Walsham replied that he thought a solution of this difficulty might be reached by making the bonds for these drawbacks the equivalent of cash, or by allowing them to be held as payable for any duties at an open port custom-house.
I have, &c.,