Hong Kong
ALL COMMUNICATIONS
TO BE ADDRESSED TO THE
CROWN AGENTS FOR THE COLONIES,
THE ABOVE REFERENCE AND THE
DATE OF THIS LETTER BEING QUOTED.
TEL. ADD. "CROWN, LONDON"
REC
C. O. 560 31260 i
(REG 23 AUG 06)
WHITEHALL GARDENS,
LONDON, S. W.
23rd
August
1906
CA Sir, 30971
Hong Kong.
I have the honour to state in continuation of
our letter of the 21st instant that if the Secretary of
State should approve of the proposals of the Governor of
Hong Kong as to the treatment of the monies which will be
periodically received from the Viceroy at Wuchang, the
object with which we had proposed to establish a Special
Fund will practically cease to exist, and it would seem
desirable that any Funds which may remain in our hands
after making the transfers proposed by the Governor should
at once be carried to the credit of the Sinking Fund for
the repayment of the 3 per cent Stock and be invested.
2. The Special Fund would thus exist merely for the
purpose of passing the transactions through our Books and
would consist on the one side of
(1) The interest received at 4½% on the outstanding
balance of the Loan made to the Viceroy.
(II) The annual repayment of £110,000 by the Viceroy
at Wuchang.
(III) The interest at £3.13.0 per cent on the total
amount of the advances made to the General
Account
and on the other side of:-
The Under Secretary of State
&c
&c &c
Colonial Office.
(1)