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The Minister in China ( Reinsch ) to the Acting Secretary of State

Your January 4, 11 [2] p.m.88 Minister Finance has given assurance that if the Chinese Government should contract a loan secured on the tobacco and wine revenue from the financiers of any single foreign nation, the first option will be given to the Continental Commercial Bank. The Minister of Finance stated that if a consortium loan were made, the Government desires to use this security in that connection, but should this revenue be further pledged to any one nation, the option would be given as above stated.

Reinsch
  1. Ante, p. 421.