43
4.
As regards existing companies,
it seems undesirable to attempt to
bring them under such an Ordinance
without giving any consideration in return
but as regards the China Light and Power
Company, while I appreciate the view
expressed in paragraph 3 of your despatch.
under ack owledgment, I should have
considered that the fairly important
concession which has been made to this
Company, at the expense of the public
funds of the Colony, was sufficient
to justify a demand that in return, the
Company should pledge itself to remain
under British control.
I have, etc.
(Signed) PASSFIELD.