A.
B.Kong 123.
ALL COMMUNICATIONS
TO BE ADDRESSED TO THE
CHOWN AGENTS FOR THE COLONIES,
THE ABOVE REFERENCE AND THE
DATE OF THIS LETTER BEING QUOTED.
TELEGRAMO, CROWN, LONDON"
TELEPHONE 1832 VICTORIA.
WHITEHALL CARDENS,
0.0.
17806
6 JUN 12
285
LONDON, S. W.
4th June, 1012.
Sir,
I have the honour to acknowle
mejce the receipt of your letter of the 28th. My, No. 15604/2012, on the subject of raising the amount required to purchase e
site for the terminal station of the Canton-Kowloon
-ilway and to complete the undertaking.
2.
If the Government of Hong Kong is likely to
be in a position to meet the liability from current
revenue in the course of the next or ◊ years, we agree
that it would be advisable not to make a further issue
of inscribed stock, which would otherwise have been the
best course,
but to borrow the necessary amount for a
shorter period.
3.
We have been authorized by your letter of the
la.
14th. July 1910, No. 19892/1910, to issue bonds under
Ordinance No. 12 of 1905 up to the maximum amount of
£900,000, but we have not yet had occnsion to act upon
that authority, and we have at present funds in our
hands belonging to other Colonies for which we have to
find employment. We have already advanced £350,000
The Under Secretary of State,
to
DNKL.
&c.
20.
Colonial office.