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meet the necessities of the case.

We beg leave to request that our letter to the

Chinese Minister may be submitted to Sir E. Grey and

that he may be pleased to take note of the contents.

We propose forwarding a copy of it to our Representa-

tive in Peking with instructions to submit it to His

Majesty's Minister.

We are &c.,

The British and Chinese Corporation, Limited.

per

W. Keswick,

Chairman.

Your Excellency:-

22, ABCHURCH LANE,

LONDON, E.C.,

March 5th, 1903.

In April 1907 we had the honour to issue

on behalf of the Imperial Chinese Government, through

the Hongkong and Shanghai Banking Corporation, a

Loan of £1,500,000 for the construction and equip-

ment of the Canton Kowloon Railway.

A preliminary survey having been made in

1899 under the direction of the eminent Engineers

Sir John Wolfe Barry and Mr. A. J. Barry, and a fur-

ther inspection of the route having been made in

1906, Sir John Wolfe Barry and Mr. A. J. Barry were

able to make a report upon the project which was

published in the Prospectus and from which report it

appeared that the Railway was feasible and could be

completed as a first class line within a period of

3 years at a cost which would be covered by the

available proceeds of the Loan. They further gave

His Excellency

Li Ching Fong,

&c., &c., &c.

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