893.51/3129: Telegram

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

433. My 402, November 24, 11 p.m. At a meeting today [of] four Legations following text was drafted for approval of the respective Governments as note to China Foreign Office:

“The undersigned representatives of America, Great Britain, France and Japan have the honor to inform Your Excellency that an agreement on the lines tentatively adopted in May 1919, at Paris, by the representatives of the investing public of the countries above mentioned covering the formation of a new consortium for the assistance of China by providing the capital required for constructive works, has now been confirmed at New York by the signatures of duly accredited representatives of the four banking groups, and that this international association thus coming into existence under the name of the consortium has received the full approval of the four Governments interested.

The texts of the consortium agreement and of the resolutions passed at the recent conference at New York have now reached the group banks at Peking and are at the disposal of the Chinese Government whenever it should express the wish to see them.”

Do you approve the above?

Crane