So badly torn?
1:05?
604
2.
the Board consider that the circumstances entitle the Colonial Line to special consideration in settling the division of the pooled traffic and they would agree to it's being on the basis of proposal L.
In regard to the Engineering and Construction (proposal) the Board agree that the Consulting Engineers should be the same for both lines but they do not think it necessary that it should be positively stipulated that both lines shall be built by one contractor. They would prefer a provision that both lines shall be built to the specification and satisfaction of the Consulting Engineers and that construction shall be by Contract or Contracts or otherwise as they may advise.
As regards the other proposals the only remark the Board have to make is with reference to A. They desire to draw your attention to the fact that considerable delay may arise from difficulty in getting the Chinese to agree to the terms of the Colonial Government's proposal for which the Corporation cannot be responsible, and the expression "the date of the new Agreement" in condition B of 24th June must mean the date of the Agreement finally made between the Corporation and the Chinese and ratified by the Hongkong Government.
Yours very truly,