Mr. Hay to Mr. Conger.
Washington, August 10, 1904.
(Mr. Hay acknowledges receipt of Mr. Conger’s telegram of the 6th and states that this Government can not pronounce on sufficiency of guaranty offered by the Government of China for Whangpu conservancy scheme, and directs Mr. Conger to suggest that banks be asked. Mr. Hay states that as organization of work and plant needed would require twice the amount of revenue Mr. Conger mentions some kind of bond measure seems indispensable.
Mr. Conger is informed that before this Government can consider the abrogation of the provisions of the final protocol a full programme of the work and maintenance must be submitted by the Chinese Government.