Papers Relating to the Foreign Relations of the United States, With the Annual Message of the President Transmitted to Congress December 3, 1912

File No. 893.51/1051.

The American Minister to the Secretary of State.

[Telegram.—Paraphrase.]

American Legation,
Peking, September 11, 1912.

The Chinese Government is reported to have signed a preliminary agreement for a loan of £10,000,000 secured on the salt gabelle, with Lloyd’s Bank and Union of London and Smith’s Bank.²

Calhoun.

2. This is later known as “the Crisp loan” (C. Birch Crisp & Co.); references to it occur at pp. 152, 153 and later; officially it was “The Chinese Government 5 per cent Gold Loan of 1912.”