}
queation, and stating that it is their desire to
deal with the money more or less on the lines
of the recommendations of the Buxton Advisory
Comalttee, nad especially to proceed with the
expenditure on railways of moneye slready la
head and due for payment in the near future with
a view to the creation of an endowment fund ergavusia
eventually to be applied to educational purposes;
that it is intended in the first instance to
use the funds for the rehabilitation of
existing lines as being more laxediately
advantage sue to China than new construction;
a
that preference will be given to thoue railways
in which there is a British financial interest,
and that all orders fur bridges, 1000motivos,
rolling-stock, rail as all other railway
equipment. purchased out of British indoanity
funds shall be placed in the United Kingdo16
The note should go on to say that tho asnay thus
advanced by the trustees of tas indernity Fund
will be regarded as loans to the railways in
question, bearing a fixed rate of interest which
will form the eäuontional endowment envisaged
147
wy/