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Enclosus Wa3 to Sound Depator of 6/1/06
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CANTO N-K OWLOON-RA ILWAY.
MIKUTES OF 3rd MEETING WITH VICEROY'S DEPUTIES HELD AT THE BRITISMAY 06
CONSULATE GENERAL ON WEDNESDAY 28th March 1906 at 3 p.m.
PRESENT. TAOTAIS WEI, WEN & KUNG, as representing His Excellency the
VICEROY OF CANTON, Mr TEBBITT, H.B.M. Vice-Consul, & Mr G.H.Ross
representing the BRITISH & CHINESE CORPORATION, Ltd.
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Mr ROSS handed to each Deputy a copy of the proposed Draft Agreement
dated 16/2/06, pointing out that this reprint had been drafted in the
name of H.E. the Viceroy of Canton (in place of that of SHENG Kungpao)
& in deference to a suggestion from Feking the amount of proposed
loan was therein stated as £1,500,000- in addition to amount required
for land, with a proviso added in Clause 2 for the issue, if necess–
-ary, of further bonds in event of this sum proving insufficient for
the completion of the railway.
With these alterations and addit-
-ions the Draft was identical with the (Blue) Draft of 9/2/05 given
to the Deputies in December last.
On the basis of this revised draft, Mr Ross was now prepared and
authorised by the British & Chinese Corporation to open negotiations.
Mr MEN enquired if Mr Ross had seen the two proposals recently made
by the Viceroy, & on receiving an affirmative reply said that the
Viceroy had decided to now recognise the Preliminary Agreement with
the Corporation as a binding document, & it was his intention to
raise a loan through the Corporation for the construction of this
railway, but he had now to consider the terms most suitable to the
conditions prevailing in his Province.
Mr KUNG said the Viceroy understood that the Northern Railways Loan
Agreement which had been made with the Corporation in 1898 was a very
satisfactory form of Agreement & had worked well.
Mr ROSS
informed the Deputies that he had no authority to discuss
any terms or proposals which differed materially from the lines indi-
-cated in the Preliminary Agreement.
Mr FEN assured Mr Ross that this was understood & appreciated by him-
-self & his colleagues, but what was now desired was to privately &
unofficially discuss the matter so that they might thoroughly under-
-stand
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