893.51/2588
The British Appointed Ambassador (Grey) to the Secretary of State
Sir: I did not fail to communicate to my Government the substance of the telegram from the State Department to the United States Embassy at Tokyo,58 which was enclosed in your note of December 3rd,59 on the subject of the attitude of the United States Government towards the loan contract recently entered into between the Chinese Government and the Pacific Development Corporation, an American Company.
I have now received a telegram from my Government stating that they are still pressing the Japanese Government to fall into line with the other Powers for an immediate advance of £5,000,000 to China.
I am at the same time directed to intimate to you that His Majesty’s Minister at Peking does not consider that China’s need for money is so pressing at the moment as to justify an independent loan on the part of any one of the four Powers.
I have [etc.]