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3.

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I am therefore to ask that you will press the

Colony to make the payment of $500,000 in January 1933 in

accordance with the agreed arrangement.

4.

Concerning the surrender of the property to the

Hong Kong Government, My Lords regret that at present

They are unable to state a date on which this can take

place as this is dependent upon the progress made with the

New Depot at Stone cutters Island. The Government of

Hong Kong may, however, rest assured that the work will

be carried out as expeditiously as may be possible.

My Lords consider it improbable that the scheme can be

completed before some time in 1936.

I am, Sir,

Your obedient Servant,

JAH

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