893.51/5927

The Minister in China (Johnson) to the Secretary of State

No. 2940

Sir: I have the honor to refer to the Department’s telegraphic instruction No. 197, July 5, 5 [6] p.m. regarding the Hukuang Loan Agreement, and to enclose for the Department’s files a copy of the joint memorandum11 which I signed in accordance with the Department’s authorization, and which was transmitted to the Ministry of Foreign Affairs by H. B. M. Minister under date of August 10, 1934.

There is also enclosed a copy of the Ministry of Foreign Affairs’ memorandum in reply dated August 21, 1934,11 pleading the insufficiency of the Customs revenues, and expressing the anticipation that with the completion of the Canton–Hankow Railway, the revenues from the Hunan–Hupeh section thereof will be sufficient to pay both principal and interest on this loan.

Respectfully yours,

Nelson Trusler Johnson
  1. Not printed.
  2. Not printed.