Oral Answers to Questions — China.

Part of the debate – in the House of Commons on 4th June 1919.

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Mr. HARMSWORTH:

On the initiative of the American Government, negotiations have been proceeding for some months past for the formation of a new International Consortium for financing loans to China, and His Majesty's Government will naturally give full support to any British group which may be formed to take part in such a consortium. In regard to the alleged monopoly, His Majesty's Government have from the outset of the negotiations made it clear that there can be no question of exclusive official support to the British group unless that group is enlarged in such a manner as to render it sufficiently representative of the financial houses of good standing interested in loans to China to give no cause for criticism on the ground of its restriction.