Foreign Relations of the United States, 1901, Appendix, Affairs in China, Report of William W. Rockhill, Late Commissioner to China, with Accompanying Documents

Mr. Rockhill to Mr. Hay.

[Telegram.—Paraphrase.]

Peking, June 15, 1901.

(Mr. Rockhill reports that 450,000,000 taels and 4 per cent bonds at par may be considered as the indemnity agreed upon. Japan can only borrow at 5 per cent, and will consequently lose heavily at that rate. She submits the difficulty of her position. Asks if Mr. Hay can suggest a way of securing her against loss. The same question has been telegraphed by the British and German ministers to their Governments. Prospects for early termination of negotiations are favorable.)