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(c) R.K.G. are prepared to make an interest-frAG loan to Hong Kong up to a maximum of £3,500,000 to supplement funds avellable to Hong Kong for the construction of the
(For your projected international airport at Deep Bay,
information
(1) "the funde available to Hong Kong" would include the aum`received by Hong Kong if Kai Tak astodrone vere sold plus the 2500,000 to be met from K.K. loan funds, referred to in paragraph 25 of your despatch No.292.
(12) The terms of the load will used to form the subject of further disquesions and in particular H.M.G. would require repayment of the loan in en appreciably shorter period then the 50 years suggested by you).
(d) E.N.G. are prepared to make 2 îfree grent oF
The precise ass to €250.000 for the Hong Kong University. which that sum is to be applied would be the subject of fuather Clecaseloa between the two Governments.)
Ás regarde expauditure inowred on goodo supplied to Hong Kong by .M.G. after the civil government and heoa
e-establi had, as you are aware hitherto arrangenoats have only bren hade for the Hong Kong Government to pay over to R. M. G. phe (asa receipta from sale of the stores. H.M.0. now feel (though they are not repeat not disposed to adopt ca azconprosúdiag mitituds ia the matter) that the time has come so consider rather the apportionment between Hong Kong and
They thexofore coneider 1.M. S. of total expenditure incurred. that qurther discussions should take place between H. N.G. apt Hine Kong po the reatter and a further communication on this subjuct will be out as soon se possible.
5. The proposals in your despatch No.292 for assumption by H.4.0. of curtain liabilities were fully considered but in tas circnmotanese referred to in paragraph 2 E. M. G. regret that they did not fost able to meet your request that they should take over the responsibilities listed in your despatch.
6.
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brass tuat you will be ahle to inform me 2u the near Cature of your acceptance of His Majesty's Government's offer which I should smphacise I regard as generoca in present circumstances. It is in my view essential and you will no dombt agree that the public announcement in Hong Kong us to what details of the settlement should be issued to coincids with
nob in Malaya which es you will observe from ny telegoan No.457, must be made before April 27th. Tale telegram la thersjore being followed by another setting cut a draft publio announcement for Hong Keng on which I should be grateful for your early observatione. I on suxo that I can rely on you to make 670VY efort to ensure that B. M. G. ‘a anbion in these difficult times (the gravity of which have not parhaps alycys been fully appreciated) shall be taken by the population of Hong Kong að evidence of good-will which it is in fact intended to be.