23
Kong Government is concerned, the
position is that it offered
the Admiralty $2,000,000, for which
it expects delivery of the Arsenal
free,
Yard from from encumbrances.
If
the Admiralty are not in a position to
surrender the Naval Arsenal Yard free
from encumbrances,
the Hong Kong
Offe
made by
to be modified accordingly.
I am,
etc.
bave
* COWELL
Con the date when the final instalment of $500,000 becomes due, namely, Sei P. Cualeffe-Listin
Januay 1933
1
is of opinion that the 14.K. (th wuild in fully justified in withholding payment of thar mistätment nukl the Admills are in a position to carry out their part of the Apeement.