25
Stonecutter's Island and that it
is improbable that the new Depot can
be completed before sometime in 1936.
2. I am to point out that
indicated
Their Lordships have previously enacted
that a period of approximately two years
would be required to complete the new
Depot (see paragraph 5 of Admiralty
Confidential letter of 6th Feb tuary, 1930,
to the Treasury), and it was in view of that
understanding that the payment of $2,000,000
by the Hong Kong Government was arranged
in four equal instalments at six monthly
intervals. It was also definitely stipulated
in Sir C. Clementi's letter of the 22nd of
August, 1929, in which the offer of the
Hong Kong Government was originally made,
"that evacuation shall be completed and
the two areas surrendered to the Colonial
Government as soon as the final instalment
shall be paid". In these circumstances Sir
Philip Cunliffe-Lister is of opinion that
[Emelos, to (1) m 72779]
[Enclos to (1)
am 72779
the