File No. 5315/212.

Minister Rockhill to the Secretary of State.

[Telegram.—Paraphrase.]

Refers to department’s telegram May 24, and says he has seen the president of the foreign office three times on the subject. The latter informed Chang Chih-tung of Mr. Rockhill’s reminder, assurance 1904, and United States position. Chang has not yet replied. The president of the foreign office thinks probably it is too late now to participate in the present loan, which is ready for signature, but as it only covers Hupeh section of road American capital might find employment financing construction Szechuen section. The president of the foreign office is very desirous to see America paticipate in the finance Chinese railway enterprises, and he is of opinion American capitalists should be represented in Peking as other groups are.

Asks what further action, if any, he shall take in regard to agreement about to be signed.

Rockhill.