}
Paraphrase Telegram from
Stongkong
Governor
485
the instant. Today
Rec2 12
12 -22 fem
13
J
10
Referring
to
of 11
your
a
raising
2,000,
tetegram of
railways loan ordmance was
sum
passed for to defray
cost
of railway from Kowloon and for other railway purposes. It authorizes Governor
borrowing
a
Exceeding in
not
under the
occasion requiris sums all ₤2,000,
000
provision of General Loan Ord's 1893.
I informed members that amount was cover loan to Viceroy Wuchang
to
as well as
the
the cost of the Stongkong section of Canton Kowloon Line and of possibly other contingencies and I promised them that they
Should be told when [former?] loan
The (rown Agents will I presume continue to lead back rate until conditions are favourable for
raising loan.
wao
actually raised
If they
Qump
money
at
mable to do
this, I suggest that Hongkong and Shanghai Bank should be asked to allow overdraft
On
the sam
terus