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been signed at Shanghai. The capital is to be Tls. 4,000,000 (four million taels), half of which has been taken up by two wealthy Chinese merchants, and the remainder is to be offered to the public. It would indeed be mortifying to Hongkong if the somnolent little Portuguese colony should after all be the first to secure railway communication with the capital of Kwangtung. That, however, is a minor consideration when placed alongside the danger of a terminal port being found for the Hankow-Canton trunk line at some intermediate point on the coast instead of being continued to Kowloon.
Trusting that this menace to the progress and prosperity of the Colony will not, through further procrastination of any party, be allowed to assume a concrete form,
I am, Dear Sir,
Yours faithfully,
(signed)
R. Chatterton Wilcox
Chairman.