COPY
His Excellency
Mr. Ku Meng-yu,
Minister of Railways,
NANKING.
Sir,
31st October 1934.
62
CANTON KOWLOON RAILWAY
LOAN OF 1907
I beg to inform Your Excellency that the half-yearly interest and annual instalment of principal, with Bank's Commis-
sion, on this loan, becomes due for payment on the 17th November
next, as follows:-
Interest
£ 27,787. 10. 0.
Instalment of principal
Bank's Commission
85,500. 0. 0.
283. 4. 4.
£115.570. 14. 4.
As Your Excellency is aware the Canton Kowloon Railway
Administration is unable to make payment of the amount due from
revenue at the present time; I beg therefore to enquire what steps
your Ministry propose to take to make provision for this payment
on due date, in accordance with the unconditional guarantee of
the Chinese Government under Article 14 of the Loan Agreement.
The arrears of the service of this Loan amount to
£1,272,849. 3. 0, and, with the sum payable on the 17th promimo,
the very large sum of £1,386,419. 17. 4. will be due, as will be
seen from the accompanying statement which I shall be obliged
if your Ministry will confirm as correct.
/ I