Inclo. No. 2 in Mr. Carnegie's Fo. 370 of September 5th, 1906.

W08

Minutes of Meeting held at the Tai Wu Pu on Wednesday the 29th August at 3 p.m.

Present:

H.B. Tang Shao-Yi

Kung Tachai and Mr. Liu representing the Viceroy of Canton

Messrs. Chu Fao Pay and Eh, Secretaries to the Tai Wu Pu, and

Mr. J.O.P. Bland representing the British and Chinese Corporation Limited.

Mr. Bland's Minutes of the last meeting having been compared with those recorded in Chinese, Mr. Tang Shao-Yi observed that they were practically identical. It was decided to forward a copy of the Chinese text to Mr. Bland for record.

Proceeding to discuss the clauses of the Viceroy of Canton's draft agreement in their order, and omitting all present reference to the preamble, Mr. Tang Shao-Yi stated the proposals of the Chinese Government, as follows:-

Article 1. An Imperial Chinese Government Loan for £1,500,000 would be issued for which the Corporation would be asked to raise one million, the remainder of the bonds being taken firm by the Viceroy of Canton. On the bonds allotted to China, the Corporation's commission and ordinary flotation expenses would be paid but no expenses for underwriting, the 2% usually expended under this heading being credited to China.

Canton-Kowloon Railway (the 2nd)

30 SEP 1906

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