;
1 . 607 the penalty proposed should the Dock not be completed in four years, but will undertake to begin the new dock at once, and complete it as soon as possible.
2. This condition as modified by Admiral Seymour has already been accepted in my letter of 11th instant. This condition my Directors do not see their way to assent to, but they will of course take every precaution they think proper to protect the docks. These conditions are agreed to.
51 Cannot be entertained as my Directors do not understand why this Company should be called upon to provide a sufficient supply of water to Kowloon Fast Battery at a cost which they roughly estimate at $20,000.
+ This condition we regret is also inadmissible, as we think that any expenses connected with the dismantling of the Dock Battery should in fairness be included in the premium charged for the land.
In regard to your letter No.1475 and to the concluding paragraph, I should be obliged if you would kindly explain what piece of ground is referred to as your