7
would be false economy not to proceed at once
with the larger scheme.
The Harbour Engineers have already gone
ahead with the plans for the new piers and it would be possible to let a contract in July
1930 the scheme taking about two years to
J
complete.
The re-construction of the piers
now in use on the basis of the existing system, would take some 1 years.
[If
If the Executive Council's
tive Council's decision is
it be finally decided
approved, namely, that the Government should shall
build the new piers (leaving aside for the
present the question of who should build and
run the ferry boats), the total cost of $300,000
yould be incurred as follows:-
[
1930 1931
1932
£97,500
$100,000 £7500 -050,000 £ 48,750
550,000
250
The 0..G. asks for authority by telegraph
to proceed with this work charging it to a
future loan and paying for it meanwhile from
the surplus balances of the Colony. The issue
of a loan will be necessary in the comparatively new future (the inference is sometime next year)
to pay for water works, extensions, the com-
pletion of the aerodrome and, if approved, the construction of the ferry piers and possibly,
if that course is decided upon, the construction
of the ferry boats the last costing about £56,250
¥97500 750,000 in addition to the #300,000 for the
piers. As this project was included in
earlier correspondence amongst the schemes for which Hong Kong might ask for assistance
from the Colonial Development Fund, I have