#
.174.
No.
Hongkong.
My Lord,
C.O. 24731
102
497
ALGP24 JUL 09
Government House,
Hongkong, 21st. June, 1909.
With reference to paragraph 7 of
mo.
the Comptroller and Auditor-General's report enclosed in
Your Lordship's Despatch No. 84 of the 14th. ultimo,
I
73600
have the honour to state that the loan to Tsang Keng, the
Contractor engaged on the Kowloon Waterworks now stands as
follows:-
Balance of advance made to Tsang Keng...$11,500
Repayment made on 26th.April,1909.. 2,000
$9,500
Repayment made on 16th.June,1
1909.
500
$9,000.
Interest has been paid on the loan up to 11th. June,
2.
1909.
I agree with the Comptroller and
Auditor-General that the principle of financing a Contract-
-or with Goverment money is open to objection: and I have
taken steps to prevent this case from being drawn into a
precedent.
HE RIGHT HONOURABLE
THE EARL OF CREWE,
&c.
$
800.
3.