direct to Hong Kong, without stopping at Manila, lest it may fall between two stools, and lose the alternate line which for strategic purposes would be very valuable.

Carre

The importance of a greater territory is perhaps felt most acutely during the anxious period just before the outbreak of hostilities, rather than during actual negotiations.

Frouse

We might rescue the Canadian Company from its fate for a limited period. Sanction. They are very anxious there to break down the Pender Monopoly. For all practical purposes, they may dismiss the Pacific Cable, as, if the engineering difficulties are got over, no cable such as I contemplated between Vancouver, Hong Kong, and New Zealand, can be a matter of practical politics for years to come.

An extreme survey, said Fraser, £36,125 would be a necessary preliminary. In these days of depression, it would not be easy to get money forthcoming for a local cable connecting the termini, which would have to compete with the Pacific Company on the one hand, and on the other hand...


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