C I'd
Transport.
(1) 2.0.
the
en
signatures
Agreement
(2) Gw. 610
Juds
copy
relen hin
7.1.35.
1558
Debung desp. of canes
cques of
2
3.12.34.
aus d
coques
of the
(28) Agreement.
33735/34
fuds
There seems little purpose in making
a detailed comparison between the provisions of
this agreement and the previous one, since the
new agreement has now been signed by both parties.
In his despatch No.613 of the 1st December
1930 ((1) in 82742) the Governor of Hong Kong
the
stated that he proposed to use/claims of the British
Section of the Canton-Kowloon Railway for payment
of the debt arising out of the suspension of
Through traffic at various times in the past as a
counter argument against pressure from the Chinese
side for a revised ratio for the division of
earnings. The then existing ratio of 65: 35 he
considered to be "by no means over-generous to
the British Section". In the present agreement
the Chinese Section has succeeded both in
revising the ratio intheir favour to 72: 28
and in securing cancellation of the debt. On the
whole, therefore, the Chinese seem not to have
done badly in the negotiations, though their
ratio is still below the mileage ratio of 80: 20.
Mr. Howell will no doubt say whether
there is any objection to retention of the signed
originals by the Hong Kong Government. I understand
in this connection that the Foreign Office Library
normally take the view that the originals of
international