Inclo.
in sir
John Jordan's No. 390 of September 29th, 1906.
*
199
CANTON KOWLOON RAILWAY.
32615
17 1906
Minutes of Meeting (the 4th) held at the Wai Wu Pu
on Thursday 27th September at 3 p.m.
(Communicated by Mr. T.O.P. Bland)
Present:-
H.B. T'ang Shao Yi
Kung Taotai and Mr. Hu, representing the Viceroy of Canton.
Messrs. Hu Pao-Tay and En, Secretaries to the Wai Wu Pu, and
Mr. T.O.P. Bland, representing the British and Chinese
Corporation Limited.
MR. BLAND stated that, by his instructions received yesterday
in a telegram from London, he was directed to state that
the money market conditions have become less favourable and
that the price now offered, waiving profit certificates, is 91*.
The Corporation would prefer to issue the loan on
commission, as agents, retaining the stipulated participation
in profits, but if this should not be acceptable the above
alternative offer was to be submitted on the understanding that
the bonds would be redeemable under the same conditions as
those of the Shanghai-Nanking Railway. He was further instructed to point out that although Shanghai-Nanking Railway
Bonds