dispensing with vale by auction.
This despatch goes a step freether
V
the foot. is getting undertatiing from
durers not to let to Chinese
Japanese.
It is accepted poling
in H. Kong that the Peach should
be reserved for Europeans.
the
law confines it experly to non-chinese
CONFIDENTIAL.
24630
RE 1 MAY 20
GOVERNMENT HOUSE.
HONGKONG. 19th March, 1920.
282
The extension of
the Eved pean alcan Apeement with owners
rather
by
by law
777 ay
be approved
But it
A a
bit awkward for
the
fort to
moke agreements Excluding the
Japanese by
π An
In future the agreement should be to let only to
Extreams, (hrough
•h we need not
interfere with what has been done?
Come thrines
318070
bb
Should be this in meis
possible Japanese protests.
protèce mentors we
H
the bland.
-
2
shall be pushed bodily
Seen by Lord Milner.
dr. 216
As propned. Her.
5/6/20.
My Lord,
{/
Gm 1-80116
.A.G.'ʼn Tel, of 14.8.19.
of 8.'s Tel. of 22.10.19.
With reference to the telegraphic correspondence
noted in the margin, I have the honour to report
that an arrangement has been made with the GN, 12 Humphreys Estate and Finance Company, Ltd. whereby, in considerat-
ion of a loan not exceeding $500,000 at 5%, repayable in fifteen
years, they have undertaken to build three blocks of flats, con-
taining 30 flats in all, for European occupation at an approxim-
ate cost of $750,000. I will forward a copy of the agreement,
when signed, and I will address Your Lordship separately on the
question of the extension of the system of Government leans for
building purposes.
2.
In Mr. Severn's telegram of the 14th August,
quoted above, it was mentioned that the Humphreys Estate and
Finance Company was negotiating the sale to Japanese of one of the
sites on which they are now about to erect flats for Europeans;
and the Company recently had a most advantageous offer from Japanese to purchase two large blocks of flats in the immediate
neighbourhood, which have hitherto been in exclusively European
occupation.
3.
I may refer in this connection to Sir Henry Kay's
confidential despatch of the 5th September, 1917, in connection
with the Peak District Reservation, and more especially to the
latter part of its sixth paragraph. In the early years of the
Colony
2063/7
THE RIGHT HONOURABLE
&C..
VISCOUNT MILNER, G.C.B.,
&C..
&c.