TUC
treat
10
A
NO CONFIDENTIAL.
C. 19262
13 OCT 1926
GOVERNMENT HOUSE,
HONGKONG.
9th September, 1926.
148
Sir,
Kov15766 bov 15761/cated
Mov 11318
With reference to my confidential telegram
dated 3rd August, 1926, concerning the maintenance of a
daily steamer service between this Colony and Shameen,
I have the honour to forward for your information a letter
in duplicate signed on behalf of the Hongkong, Canton and
Macao Steamboat Co., Ltd., and the China. Navigation Co.,
Ltd., Hongkong, enclosing copies of the audited accounts
for and the estimated losses on the working of their
vessels for the period of 3rd September, 1925, to 20th
April, 1926, on this service. It will be seen that the
total loss amounts to $65,323.22 representing the excess of expenses over earnings less the estimated cost of laying up and without any change for depreciation or management.
2.
In your confidential telegram dated 5th
June, 1926, while the principle is admitted that His
Majesty's Government is responsible for at least part of
the losses thus incurred, you state that His Majesty's
Government is only prepared to bear the whole nett lossa3
in the event of the service being confined to two days a
week, and only for the period of four months from 20th
April, 1926.
3.
THE RIGHT HONOURABLE
I venture again to point out that the
continuance
LIEUTENANT COLONEL L.CM.S. AMERY, M.P.,
&c.
&C.,