File No. 5315/289.

Chargé Fletcher to the Secretary of State.

[Telegram.—Paraphrase.]

Mr. Fletcher reports that Liang has informed him that he has notified the representatives of the groups here that the loan will not be concluded unless the bankers settle with the American group; adds that Liang hopes matter can be speedily adjusted; that United States will be content with equal financial participation in this instance and not insist on equal right to furnish material.