450
March, 1899, and that the line within British territory should be constructed at the cost of the Government of Hong Kong, subsequently to be leased to the Corporation upon terms to be agreed upon and to be worked as one undertaking with the Chinese section of the line.
2.
From your letter under reply and from a memorandum of the 31st of May which it encloses, it would appear that the Directors of the Corporation, while accepting the proposal that the Hong Kong section of the line should be constructed by them at the cost of the Government of that Colony, propose that instead of leasing this section to the Corporation the management of the whole line shall be placed in the hands of a Board to which the Corporation should nominate three Europeans and two Chinese and the Hong Kong Government two European members, and that the revenue...
99