893.51/2376: Telegram
The Minister in China (Reinsch) to the Secretary of State
Peking, August
21, 1919, 7 p.m.
[Received August 21, 1.50 p.m.]
[Received August 21, 1.50 p.m.]
Asia Banking Corporation has made a contract for a loan of $500,000 with the Hupeh Provincial Government, with Central Government sanction and guarantee security income of provincial mint, purpose not stated. Japanese bank claims option [on] all Hupeh loans. Provincial Government considers Japanese terms too high. Should the Legation approve?
Reinsch