1944
T
(3) EL.M.Q. are prepared to make an interest-fre a loan to Hong Kong up to a sximum of 23,500,000 to supplement funds available to Hong Kong for the construction of the projected international airport at Deep Bay. (For your
Information
(1) "the funds available to Hong Kong" would include tha onga`zoceived by Hong Kong if Kei Tak agroćIOMĄ WODA selė plas the 2500,000 to be inct from R.K. loan funds, referred to le paragraph 25 of your despatch No.292.
(11). The terms of the loan will need to form the subject of further discussions and in particular H. M.C. would require repayment of the loan in an appreciably shorter. parded then the 50 years suggested by you).
(4) E.B.Q. are prepared to make a fres grant of $250,000 on the Hong Kong University. (the precise use to which that son to to be applied would be the subject of further disenusion between the two governments.)
In regarda expenditure incurred on goods supplied
to Bong rong by H.M.G. after the oivil government had been re-srtabliobud, as you are aware altherto arrangements have only been made for the Bong Kong Government to pay over to H.M. the cash receipts from sale of the stores. H. M. G. now £66.l
though they are not repeat not disposed to adopt an BLOCODTOKLoing attitude ia the matter) that the time has come to coast or further the apportionment between Hong Kong and E.M.G. 2 total sxpenditure incurrsa. Tasy therefore conetder that ther discursions should take place between H. M. G. ac Hong Kong on the mattor and a further communication on this subject will be sent as soon as possible.
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4. be proposals in your despatch No.292 for aesumption ... of certain liabilities were fully considered but in sto dareurostances referred to in paragraph 2 H.M.Q. gret that
ley a not feel able to meet your request that they should take over tho responsibilities listed in your despatch.
G. I truet that you will be able to inform me in the our future of your acceptance of His Majesty's Gowriencat's crJor which I should emphasise I regard as generous in wesent circumstancea, It 10 in my vies essential and you will no doubt agree that the public announcement in Rong Kong as to the dotsils of the settlement should be issued to coincide with Shat la Malaya which as you will observe from my telegram No.457 must be made before April 27th. This telegram is therefore boing followed by another aetting out a draft public announcement for Hong Kong on which I should be grateful for your early observations. I am sure that I can rely on you to make every effort to ensure that H. M. G. 'a cation in these difficult times (the gravity of which have not purhaps always been fully appreciated) shall be taken by the population of Hong Kong as evidence of good-vill which 15 is in fact intended to be.
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