I equal sum be taken And they ask that an from the present rate for light dues. Thus as understand the work would be paid for the colonial government contributing in 3 years, each year 15000 dollars.
Noto Hong Kong is overdone with public works at present, it is a strain to use up another 15000 dollars at least; nor do I see why the alternative proposals of the Chinese government set down in Mr. Marsh's minute of the 15th inst. have been rejected except because they involve a short delay.
I do not think this work should be carried out this year, the budget having been already been brought out, but I would suggest to Mr. Marsh to bring it on for next year's estimates, to consider whether the Chamber of Commerce still consents to the Chinese government consenting to the present terms, & provided no loan is raised for any sum whatever on this account, the Secretary of State will not withhold his sanction; but add that it is not likely.
A proposal of the Hon. R. Herts to have the lighthouse constructed by the end of 1890, charging the colonial government with only half of the cost should not have been entertained.
When the draft has been written, send it to the Board of Trade for observations.
C.P.D.