?
with the funds more or less on the lines of
the Buxton Committee's Report.
(2) That the Chinese Government will
invest the moneys already in hand and due for
payment shortly in the rehabilitation of
86
existing railways;
and that the money thus
invested will be regarded as a loan to the
railways so as to form an endowment fund for
educational purposes.
(3) That preference will be given to
railways where there in a British financial
interest; and that the railway materials
required will be ordered in the United
Kingdon.
(4) That, if possible, the urgently
mecessary Chihli (or Haihe) Conservany work
should also be financed out of the Indemmi ty
funds under the same conditions as the
railway work.
(5) That in order to rake an immediate
start on Anglo-Chinese eduastienai work
£250,000 be transferred to the Hong Kong
University/