ruction of the line is advanced, the Colony paying interest on the advances at 310 %0.

32%.

In order allowing the rising (not more then

£2,000,000 for the building & availing from

Kowloon

mo

acendingly passed. The amount

spent on the eroint

(including expenses of irone I actually might.

£ 1,140,000 odd.

fund

imo

The contributions to sinking were not to commence till fire gears

after the interest on the town began to accrue

The Wan mas

floated

in

reb. 1958.

& the

contributions toward the sucking pund appear

for the first

time in this years estimates.

But I do not think that it concerns the Tresury

how the money

estn

tu

nally naches the Railway

I think sur carefully avoid expli

A loan of £1,140, 000 has been saided by the (obory

for railway purposes wunder our anangement with Trasny W.D. the

W.0. The Colony

is entitled to

deduct & from assessable revenue the money agained for the service of the tran

All that seems to be agmired is to wif Traing

+W.o. of the facts they will accept

v say

that are possume

the same principl

2

A

в ту ни

might pin

out that if matre af the Wach

Tom of that intenst for the Viceroy Kalkean Climate I

374

Stronghing as strewhere be sad also explain

mattres to Sis 7. hurgard. Intuit afte for

Choox

JR 176.

If I read him aught, Sir 7.

wants to exempt from

Lugard

assessment for hell's Cant in the extra which it has her necesy

revenue

& mise

in order to meet

debt charges: hit I do not

quite tollar para

3. at "A"

This tee that the ackand

The sinking fund dorsit

the loan anually. It is investro & Kapt

decrose

Fill

the loan maturs. The debt.

charge

the full loan neust

Mr. provided till then

argument

Liv 7.

comed why work devotes each

the S. F. whe

if the

Year

loan.

wr need

to buying up part yttre

I don't think, haurvor, that into this. The many

до

certaint

not

ари

to the

loan champs his deducted from the food revanse for

other since then the railway.

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