Mr. Rockhill to Mr. Hay.

[Telegram.—Paraphrase.]

(Mr. Rockhill reports that, beginning July 1, 1901, interest on indemnity will be payable semiannually. China will be given three years to pay first installment. Regular payments and sinking fund will begin January, 1902. Payments to be made to financial committee at Shanghai. Refers to his dispatch No. 95.)