893.51/2552: Telegram

The Ambassador in Great Britain (Davis) to the Secretary of State

3430. Your 6187 discussed yesterday with Foreign Office which informs me that the agreement was for a credit loan the proceeds of which are to be spent in Great Britain on commercial aeronautical material wholly unsuited for any military purpose whatever. Foreign Office adds that its interpretation of the joint representations to the Chinese Government of May 5th, 1909 [1919]1 is the same as ours.

The Vickers’ loan was advertised in the British press in the middle of October as £1,803,300 sterling Chinese Government 8 per cent sterling Treasury notes 1925–1929 issued to Vickers Limited and floated by Lloyds Bank Limited at £98 sterling for the above mentioned purpose.

I await further information regarding your 6192 November 19, 5 p.m.2

Davis
  1. See p. 670.
  2. Not printed.