HC Deb 17 May 1916 vol 82 cc1501-2
18. Major NEWMAN

asked the Secretary of State for Foreign Affairs whether he has any information as to the present position of affairs in China, more especially with regard to the reported declaration of a financial moratorium; and whether energetic steps are being taken to safeguard this country's financial stake in the republic?


According to the most recent information received, the rebellion in China shows no sign of abating. With regard to the financial situation, it is reported that the Bank of China and the Bank of Communications have suspended cash payments, but it is understood that Chinese Government obligations will not be affected. Any steps which may become necessary and proper to safeguard British financial interests in China will be taken.


Does the financial moratorium apply to the whole of China or only the part covered by the rebellion when the rebellion is in progress?


I am afraid I must ask for notice.