File No. 893.51/1889
The Ambassador in Great Britain ( Page) to the Secretary of State
9411. British Government have recently had under consideration arrangements for completing construction of a section of the Hukuang [Page 146] Railways by an American firm of contractors who are financed by American International Corporation. The realization of this project would appear to entail the merging of the International Corporation in the existing American group in the Hukuang Railways agreement and the issue of a loan in United States. Foreign Office therefore inquire whether any progress has been made in respect to organization of a new American group to participate in the projected issue of a supplementary Chinese reorganization loan referred to in your 5876, November 22, 5 p.m.,1 and my telegrams 8116, January 1, 2 p.m., and 8224 [8258?], January 14, 3 p.m., and if such a group is constituted whether it will be authorized to issue on the New York market during the war loans for the administrative purpose of the Chinese Government or for industrial enterprises including railway construction in China.