No. 563. (Air Mail)
Copy to:
Peking No. 23 Canton No. 52
GOVERNMENT HOUSE,
HONG KONG,
10th November, 1933.
Sir,
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I have the honour to inform you that the
Chinese Section of the Kowloon Canton Railway is anxious
to purchase immediately in the United Kingdom six new
passenger coaches, but being now, as always, without
sufficient funds to make payment of the cost, estimated
at $200,000 - $240,000, in one lump sum, has requested
this Government to advance the required amount and be
reimbursed by instalments with interest.
2.
This request is similar to that relating to
the purchase of three locomotives which formed the subject
of Sir Cecil Clementi's despatch No.413 of 25th September,
1929, and connected correspondence, and although it is
eminently desirable that the Chinese Section should be in
a position to provide its proper share of rolling stock,
our experiences in regard to repayments under the Locomotive
Agreement have been so unfortunate that I could not entertain
the present proposition on the same terms. Two modifications
have however been accepted by the Chinese Section which
alter the whole complexion of the case. In the first place they have agreed to a deduction of $10,000 monthly from the
credit balance of traffic receipts due from the British
Section. This balance averages at present about $12,000
per mensem and being in our hands is safe from diversion
THE RIGHT HONOURABLE
SIR P. CUNLIFFE-LISTER, G.B.E., M.C., M.P.,
&c.,
&C.,
&c.
until