My telegram of today, following telegraphy from Hankow: - Hongkong loan. Have seen Viceroy who has received a telegram stating that the agreement with Morgans cannot be signed till August, consequently he could prefer money in 2 instalments, namely 2 million dollars gold, at beginning of ninth Chinese moon and remainder at beginning of Eleventh moon. Can the money be made payable to his order in New York? The Viceroy telegraphs today from Wuchang to Canton with regard to the conditions proposed. He knows nothing of the railway arrangements referred to, but if informed of the points on which opinions differ, he offers to do his best to reconcile the views of Hongkong, Wuchang, and Canton. I also asked whether to send him the text and whether the Viceroy at Canton has got copies. As he is in charge of the redemption, conception he wants guarantee under condition 5 for all 3 provinces and is telegraphing to the Canton Viceroy for his approval to this. He wants to make it clear that half the engineers will be Japanese and half British. Viceroy adds that for construction of the railway, Sheng would require £3,000,000 in instalments of £600,000 and £1,000,000, and he would like to borrow the money from British financiers. He would give imperial guarantee for it at the same time as for the Hong Kong loan if you could tell him whether this loan could be floated and at what rate of interest. Scared. The Japanese Consul offered better terms than anyone else he might offer and will probably bid for the new loan.
"Your Telegram No 33. Paragraph one. I am enquiring about 2nd instalment and whether the payment can be made in New York. Canton Kowloon agreement must be paid by instalments as originally proposed. Value of 1st instalment. Paragraph 2. Though I furnished Chinese Govt with a summary showing the full suggestions proposed on 26th of April, discussion has not yet begun due to difference of opinion. Copy of agreements can be furnished. Canton Viceroy has not yet got copies.
Paragraph 3. Condition 5 refers to all three provinces. By three provinces I conclude you mean Kwang Tung, Hunan, Hupei.
Your Telegram of yesterday. Following refers to conditions as my telegram of July 4. I agree to payments as New York dates: amounts proposed by Viceroy provided Canton Kowloon railway agreements are concluded before payment of 1st instalment. Draft of agreements in writing from Viceroy Canton being sent separately to be appended but before that agreement is signed. Shall send draft of agreements in English to Consul at Canton and be communicated confidentially to Viceroy there.
With regard to the loan of £3,000,000, cost of Hong Kong cannot do this as well as loan of £1,100,000 with funds in Hong Kong - Shanghai Bank, which for reasons you give I cannot approach. There are financiers here who can do this. It ought not to be difficult to borrow the money at a fair rate from financiers in England and should you agree, I will communicate the information you have given me to the Secretary of State for the Colonies and ask him to act in the matter.
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Jection propues ta
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Zum ABM Muista Jeking
201
To Governor Hongkong
dated 10/7/05
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My pawisas klgram of kway, followung terrisafvon. Tourul Hankow: - Angkong loan. Have seen Vicenny coho has received a belgram statuis this the agreement witer Morgas. cannot be ciguð til Auquet consequently ha crud prefer money á. 2 uistuimento hamel, 2 million doltarò gold, at beginning of ninth Chuitse tool i remainder as beginning of Eleventh mook. Can the money be made payable to his oda mNiw York? The Vicios, telepathic quoluday blin Vensyod Canton with repaid to the quacoudre proposed i
condition4. He knows holurig of the tailway apaimendo referred to, but if uiforned of the points on which opinious differs he offers to do his burt to reconcile the bitus of HongKong, Viewy Cantory a thing. I also asks whuthu sow him the text and whether lan Vicury at Canton has got copico- As he is wi chays of the redemption, concepion he wits quaraufre un condition 5 for ah 3 proverices and is telegraphing to the Canton Vianoy for his apout to this He wants to make it clear this half the Cupincers with be Japanese a half Britishe Viceroy ads this for construction of the railway Sheng would require £3,000,000 in instalment of £600,000 ₫2 £1,000,000 × he would like to borrow the money from. Britu fuiancion. He would que imperial & auction for it at the same time as for the Hong Kong loan if you could tell him whether this ban Couldbe repolished and as what take of ciherers. Scared. The Japanuu Consul offered better terme than any on,cht he might
offer and will probably bid for bon new loan. #I I have
replied. "Your Alpam FL No 33. Paragraph one. Jam Enquiring about 2nd motalment and whether the payment can be made of New York Canton Kowloon apsemondd must be paidi bijna rawly proposco Vabe of 1auistacmand. Sarapaph 2. Though I furnished Chincor 9.0. with a summary vhownig
the fuel suggestions proporate, on in 26th of April, discupion has not you begun to no difference of
opinion has shown. ibcy. Ice of apreements can be furnished Canton Vicnoy has not yet got copics.
juph Pac,
de Can you sugges by regarding a
Parapesh 3. Condition 5 refors to its al provesices. By three prosuices th. It is important I conclude you mean Kwang Jung Auner, Hupei.
the wans cubitaly Janapapl. 4. I am making Enquiries
Sahoo
thaw this is made
Why the connection of
XIII
Hoya thanghai Bant
finance.
To HBM Munisin Pchuig
From. Governor Hong Kong,
1
Lahd 11/7/05
Your Ichpamo of yesterday.«Iiday. Following numbers ufor to conditions as my telegram of Jully 4. I apie to payments as New York sto dates : amounts proposed by touching
Vicery provide Canton Kowloon railway apreemonts are concluded before payment of 1a inshaimers, Alov to apuramus m writing from Vicnusy Cautou bang qira viparately to leau apsemtid but before that agreement is xiqued. Shale Ivond draft of appcements in Englion to Consut as Canton 4 bc Commušnicahd aufidasially tan Vicusy there. 5. I ape to assurance in writing with regard to capitar and Dyniuro for rai lwap in Ha Kwary
Liany Kwany "provvica banig given viparbery to loan apreement but before that afremmt is signed and also to Equal Employment of Japanese Bri hot enjuicer."
with regard to the loan of £3,000,000 qoost of Hong Kong canned do this as well as loan of £1,100,000 + Exups in Hong Kong - Shanghai Bank, which for reasons You give I cannot approach, there are to friausius here this fean consult It ought not to be difficult to borrows tu money at t'h for cut from fuíaucias i England and should you agree I will communicate the informative you have given me to the Scenday of State for the Colonies and ask him to apics in
A Ho
the matur
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