Hong Kong.
555
Government to be immaterial whether remittance to you be made by telegraphic transfer or by Bills of Exchange payable on demand.
If you are of the same opinion this Government will be ready to fall in with whichever method of remittance you may elect to adopt but the method of remitting according to the Agreement with the Viceroy would appear to be more convenient from an accounting point of view.
I have the honour &c.
(Sgd) B. Sercombe Smith
Colonial Secretary.
Crown Agents to Colonial Secretary Hong Kong.
9th August 1906.
Sir,
Hong Kong
I have the honour to acknowledge the receipt of your letter of the 29th June No. 9261/05 Confidential and to inform you that it appeared to us that it was necessary to call attention to the question of the remittances on account of the Interest and repayment of Principal of the Loan of £1,100,000 made to the Viceroy at Wuchang although the mode to be adopted for remittance is of course for the decision of the Colonial Government.
2.
The Colonial Government will no doubt have realised that the delay in the remittances will mean that the interest on the 3 per cent Stock will fall due each half year before the money is in our hands to meet it and consequently that it will be necessary for us to provide the money by means of advances
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