Mr. Conger to Mr. Hay.
Peking, China, July 26, 1904.
Sir: Referring to my No. 1435, of November 21 last, concerning the proposition of the Belgian Government to receive payment of the indemnity, as heretofore, in silver at the rate of exchange at the time of each partial payment, leaving any difference between this and the gold rate to be settled hereafter and adjusted at the time the last regular payment falls due, granting additional time, if necessary, for China to pay any difference that may be due, etc., I now have the honor to report that all the representatives of the signatory powers, except me, have agreed upon a joint note, a copy and translation of which I inclose, which they will at once send to the Chinese Government.
Our position upon this question has heretofore been so fully explained to the Chinese Government and to the powers that I have deemed it unnecessary for me to take any action either for or against this proposition.
I have, etc.,