Mr. Rockhill to Mr. Hay.
(Mr. Rockhill reports that the agreement reported in his telegram of the 11th instant is imperiled by the British refusal to accept the proposal of France and Russia that, in event of irregularity in making payments by China, the eventual raising of the tariff to 10 per cent to supply deficiency be discussed; all the powers to make all reservations they choose to whenever the discussion begins. Mr. Rockhill hopes that British opposition can be overcome. None of the ministers there can see danger in the proposal, which affords satisfaction to Russia and France for relinquishing guaranteed loan in favor of bonds. * * *)