RECO DOMESTIC. C.O 3638 Rex 1977

{Subject.) 1897 Jeb 17 accounts with statements. and audit certif brevious Paper. and report. 168 to Disposed 7231

"When I broty fliis (Minutes.) Mr Graham We had the 1895 figures in 10015/06, but I did not then notice that the footnote at bottom. o the table Assets Liabilities showed that the of the Loan amounts to nearly $200,000 more than the balance of Liabilities. In other word, poing had assets over Latrend Iralt with the Colorry has in effect been spending part of the Loan money (raised for specified Public Works) on general purposes, Dots there is really a deficit . This deficit has been caused by special plague expenditure, especially by the compensation paid for demolition of Taifungshan; and the amount will be recovered befor long by the resale of Taipingshan builde y sutes.

||1. (73)—76488–10000-11-98 bsequent Paper.

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ce or Individual.. rudit No. trong trong 3638

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