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carried through promptly to a satisfactory conclusion. This is
475
very important for many schemes have suffered through
difficulties in completing the work. The National Electric Construc-
tion Company informed me that they would not embark on a
scheme of this kind before they had at their command all the
resources necessary to complete it, and that the firm's
reputation made it essential that if they took the work in
hand they must make an entire success of it.
Though the proposed Hong Kong South Land and Railway Ce.
would be an English Company endeavours would be made to secure a
part of the Capital from Hong Kong, and with it local intereste.
local
It is new believed this Capital will be more readily obtained for
this new development scheme if the new Company is an English Company
having the backing and security of a first class English firm, which
itself is backed by reliable and influential interests. In the
event of Hong Kong Capital not being available however this would
not affect the carrying out of the scheme and no doubt, as develop-
ment followed the opening of the railway, local capitalists would
desire to participate. Such participation would be welcomed for
a controlling principle of the Company would be to work in complete
harmony with the Hong Kong Government and local interests; in fact
this is a primary condition for rapid and successful development,
For the foregoing reasons I trust the action proposed
will meet with The Governor's entire approval and should there
still be any question to be considered or any point elucidated
can
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before the Agreement be signed the matter will be given immediate
attention on hearing from you. It would be an advantage if a copy
of this letter could be included in the correspondence being sent to
Hong Kong.
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I am, Sir,
Your Obedient Servant,
8.1. Williams.
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