Mr. Conger to Mr. Hay.
Peking, China, November 21, 1903.
Sir: I have the honor to inclose copy and translation of a plan submitted to his colleagues by the Belgian minister, proposing to continue to receive from the Chinese Government payments of the indemnity on a silver basis, but leaving the difference between this and a gold basis to be adjusted later, and granting an extension of time for the payment of this difference.
If all the governments interested agree to this, it is to be offered to the Chinese Government on condition that gold bonds shall be immediately signed and delivered.
I am informed that all the governments have signified their willingness to adopt this plan except Russia, the representative of which has telegraphed his government for instructions.
I have, etc.,