393
and I am not sure whether it will come within a five years programme. The cost would be roughly $500,000 and it would be a profitable investment proper to be regarded as a loan
work.
7.
The only other subject which I ought perhaps to mention is the Railway. If the Canton-Kowloon Railway were linked up with the Canton-Hankow line and the latter were completed it would be necessary to spend large sums on new railway sidings, etc. and on rolling stock to cope with the enormous traffic which would come to Hongkong.
I fear, however, that in view of the present
state of China it is not worth while to envisage this as a possibility within the next five years. If by some miracle it should take place, the expenditure, which would pay for itself over and over again very quickly, should be met, if necessary, by Treasury Bills which should be paid off out of the profits of the line.
8.
I have dealt with the programe of works in
great detail in order that if, as I hope will be the case, I am able to see my successor in England he may be in possession of sufficient information to enable him to discuss things fully with me. In the circumstances it does not seem worth while to endeavour to classify the various works in the manner suggested in my previous despatch. I can, however, easily do so, if desired, if the papers are referred to me in England and no appreciable delay will be involved, as I expect to arrive in England about the same time as this despatch unless my departure has to be postponed owing to the occurrence of serious strikes. I have the honour to be,
sir.
Your most obedient humble servant,
17.8. Stutts
Governor, &c.