A/123
Hong Kong.
ALL COMMUNICATIONG
TO BE ADDRESSED TO THE
CROWN AGENTS FOR THE COLONIES,
THE ABOVE REFERENCE AND THE
DATE OF THIS LETTE BEING QUOTED.
TEL. ADD "OROWN, LONDON?
C0371 19832
RECO Reg 29 JU 10
WHITEHALL GARDENS,
LONDON, S. W.
28th June 1910
190
Sir,
CAS
M.
Referring to your letter of the 15th February 1908
.4282/1908 and to Previous correspondence I have the honour
to state that at the present time the gums which we have
advanced to the Government of Hong Kong for railway construc-
tion(in addition to the sums, amounting to £140,000, which
have been repaid by the Viceroy of Wuchang and puid over to
the Colonial Government for the same purpose) amount to
£486,000.
2. The only security for this large sum are the future
repayments by the Viceroy, which it was stated in your letter
of the 15th February 1908) would be hypothecated for the
purpose.
The amount remaining to be repaid is £500,000, and
repayment is being made by instalments of £110,000 la Noveriber
of each year. It will be seen, therefore, that the margin for
any further advances is not great.
3. Moreover, we have had loan moneys hitherto in our
hands belonging to other colonies which we have been able to
use for making the advances to Hong Kong, but it seems likely
that these moneys will shortly be required by the colonies to
which they belong.
4. It has become necessary therefore, that we should
The Under Secretary of State,
be
etc., etc., etc.,
Colonial Office.