（原文）
49， Tzcheun Road，Shanghai， 20th January， 1912
To Dr.Sun Yat Sen，The President of the Republic of China，NANKING.
Dear Doctor，
I have received the following telegram from our Head office， Tokio， in reply to my telegram requesting them to push the loan negotiation.
“While negotiation proceeding Shen， Lee (盛宣怀 李维格）telegraphed their representative in Shanghai to assure arrangement made between the new Government and yourselves—Reply received is in entirely contradictory terms—We are placed in a very awkward position—Shen Lee insist upon Mr.Ho Chiung (何天炯）for explanation who are in communication with the Government—Act at once and request the Government to telegraph fully Mr.Ho (何天炯）stating principal condition of agreement at the same time urging Shen Lee expedite negotiation—Telegraph what has been done.Explain the Government whole scheme initiated from them and not at suggestion of Miitsui.”
From the above telegram you will see the delay in the negotiation is caused by Shen and Lee's information said to have been received from their representative being contradictory to the terms arranged between us.As I do not believe that you have given out the terms to others I doubt the truth of above information.
However， under the circumstances， I should think it advisable for you， in order to facilitate the negotiation， to telegraph to Mr.He Tien Chiung (何天炯）as follows：
To Mr.He， Tokio.
“We have approached and asked Mitsui to negotiate with Shen Sui Hui to raise loan amounting ￥5,000,000 on account of Hang Yeh Ping Co.(汉冶萍公司）and lend our Government that amount for one year rate of interest 8% per annum—Other terms and conditions communicated Mitsui are confirmed by us—Work together with Mitsui and persuade Shen Sui Hui to accept immediately for the sake of Hang Yeh Ping as well as his own interest.”
and also it may be advisable to telegraph to Sen Sui Hui (盛宣怀)，Shioya Hotel， Shioya near Kobe
“Mr.Ho Tien Chiung entrusted to negotiate loan from you for our Government and we have also approached Mitsui to mediate considering your connection with them.See him and request you to accept his terms immediately.”
As mentioned in Tokio telegram it is important to let Shen and Lee understand that the loan question has originated from you， and you have only asked Mitsui to mediate in this matter as you understood the relations between Shen Lee and Mitsui were very intimate.
Otherwise I fear Shen and Lee would not agree to accept your terms without taking some other courses.
I also think it may be advisable to send a copy of the draft agreement“A” to Mr.Ho though it is in possession of our Head office.
I am， Dear Doctor，Your obedient servant，
Per Pro.MITSUI BUSSAN KAISHA， LTD.
Manager
P.S.This letter will be delivered by our Mr.Shimge to whom you will phone tell what you are going to do in this matter， and when you telegraph them and me a copy to avoid any misunderstanding.
（译文）
上海四川路49号，1912年1月20日
致尊敬的中华民国总统孙逸仙博士，南京。
尊敬的博士：
我已经收到从东京总部发来的电报，答复我要求他们推进贷款谈判事宜。
虽然在谈判过程中，盛先生和李先生（盛宣怀、李维格）曾电告他们在上海的代表，确保新政府和您之间的协调安排，但所收到的答复是完全相互矛盾的。我们处在一个非常尴尬的地位。盛先生和李先生坚持要何天炯先生解释谁在这次谈判中代表政府行为，同时要求政府去电何先生说明谈判的原则，并敦促盛和李加快谈判，电告所做的一切，并解释政府的整体方案是由他们策划，而非三井的建议。
从上面的电报中您会看得出，谈判的延迟是由于盛和李收到他们所谓的代表的信息与我们的条款有矛盾导致的。由于我不相信您把谈判条件透漏给了别人，所以我怀疑以上信息的真实性。
在这种情况下，为了促进谈判，我建议您向何天炯先生发电报，电文如下：
致东京何先生：
我们已经联系并要求三井与盛宣怀协商将汉冶萍公司的贷款金额提高到500万美元，以年息8%的条件借给我们的政府，三井提议的其他条件都是我们承认的。我们与三井联合说服盛宣怀为了汉冶萍公司的股票和他自己的利益，立即接受协议。
同时发这样一封电报给盛宣怀也许是明智的：
致盛宣怀，盐谷酒店，神户附近之盐谷。
何天炯先生被委托替我们政府与你进行贷款洽谈，同时我们也要求三井调解你与他们的关系。去见他，并请你立即接受他的条件。
正如东京电报中提到的，重要的是让盛和李明白贷款问题源于您。您知道盛、李和三井的关系非同一般，所以您只是要求三井调解这件事。否则，我担心盛和李会不同意不采取其他处理方式而接受您的条件。
我还认为，应该向何先生发送一份协议草案A的副本，尽管该草案属于我们总公司。
三井物产株式会社公司经理
附笔：这封信将由重茂先生送出，您应打电话告诉他将要做些什么。当你拍电报给他们时，请给我一份复印件，以避免产生误会。