!
36864
1.Kong. 1,100,000 Loan
ALL COMMUNICATIONS
TO BE ADDRESSED TO THE GROWN ACENTS FOR THE COLONIES,
THE ABOVE REFERENCE AND THE
DATE OF THIS LETTER BEING QUOTED
TEL.ADO."CROWN, LONDON”
PRESSMS.
sir,
PRINTED FOR USE -
EASTERN
COLONIAL
Hong Kong
In the
C. 0.
36884
(Res) 17 001 05)
208
WHITEHALL CARDENS,
LONDON, S. W.
£1,100,000 Loan.
Hewspaper
16
16th October
h
1905
spapers of the 14th instant the follow-
ing Reuter's telegram appears.
"Hong Kong October 13th.
"The Government is introducing an Ordinance in Council "raising a Loan of 22,000,000 for the Kowloon Railway "and other railway purposes.
2.
In the absence of fuller particulars it is diffi- cult to advise the Secretary of State satisfactorily in the mat ter. I beg however to point out that there would appear
to be strong objections to including in one Ordinance the
Loan which has been made to the Viceroy of Yuckang and that
which will have to be raised for the construction of the
Kowloon-Canton Railway. In the former : Je the dreement
entered into between the Viceroy and the Government of Hong
Kong provides that the Loan shall be repayable by ten
anual equal contributions and that it may, if the Viceroy
so desires, be paid off altogether after the expiration of
five years.
It is clear therefore that this Loan should be
raised in the form of Debentures and that the conditions of
the issue should be particularised.
3. In the case however of the Loan which will here-
after have to be raised for the construction of the Kowloon
der Secretary of State,
Railway
&c
&C
Colonial Office.
130 12