803.51/3279

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

No. 734

Sir: I have the honor to refer to the Legation’s telegram No. 9, of January 6th, 7 p.m.,44 and to forward herewith copy of a note addressed to the Minister of Foreign Affairs dated January 13th, 1921, and signed by the representatives of America, Great Britain, France and Japan, signifying full approval of the four interested Governments to the new Consortium.

I have [etc.]

Charles R. Crane
[Enclosure]

The American, British, French, and Japanese Representatives in China to the Chinese Minister of Foreign Affairs (W. W. Yen)

Monsieur le Ministre: The undersigned Representatives of America, Great Britain, France and Japan have the honour 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 text of the Consortium agreement signed on October 15, 1920, at the recent conference in New York, is being communicated by the Group Banks’ representatives to the Ministries of Finance and Communications.

We avail ourselves [etc.]

  • Charles R. Crane
  • B. Alston
  • Maugras
  • Y. Obata
  1. Not printed.