220
}
of pounds. and Shanghai Bank it would probably have cost the Colony a good many thousands for our own services. If the business had been placed in the hands of the Hong Kong 11. The account which I enclose shows that we have made no charge whatever
Kong. may be placed upon the Chinese authorities instead of upon the Government of Hong that an alteration to this effect should be made, in order that the expense of remitting and if any further transactions with the Viceroy should take place, I would suggest been better that the arrangement should have stipulated for repayment in London, however, point out that, as all sums repaid will have to be sent to us, it would have that the arrangement provides that the amount shall be paid in Hong Kong. I would, 9. As regards the repayment of the loan by the Chinese Viceroy, we understand
Shanghai Bank. the Colonial Government, we should arrange the over-draft with the Hong Kong and munerated for their services when he suggests that if we are unable, to go on financing that Sir M. Nathan can hardly have realized at what rate banks expect to be re- to the eastern banks in connection with the remittance to us of the money and I think 10. The effect of the present arrangement will be to make a handsome present
I have, &c.,
E. E. BLAKE.
Head of Service.
Financial.
Enclosure in No. 152.
THE CROWN AGENTS FOR THE COLONIES IN ACCOUNT CURRENT WITH the Government of HONG KONG, £1,100,000 Loan ACCOUNT FOR THE PERIOD
No. of
Voucher.
Name.
SEPTEMBER 21ST TO OCTOBER 25TH, 1905.
Head of Service.
1903.
No. of
Voucher.
Name.
221
1,101,019 (3 6
Sept. 21
T
Crown Agents
Advance at call at Bank rate varying (Colonial Office Letter 22272/05 of June 30, 1905).
£ 8. d. 250,000 0 0 Sept. 21
I
Samuel Montagu & Co.
For telegraphic transfer to New York payable on Oct. 6.
£ 8. d. 250,000 0 0
Sept. 28
Sept. 28
2
—
Crown Agents
Advance at call at Bank rate varying (Colonial Office Letter 22272,05 of June 30, 1905).
250,000 0 0
Samuel Montagu & Co.
For telegraphic transfer to New York payable on Oct. 6.
250,000 0 0
Oct. 6
3
Samuel Montaga & Co.
Oct. 6
For telegraphic transfer to New York.
200,000 0 0
—
Crown Agents
Advance at call at Bank rate varying.
600,000 0 0
+
Oct. 25
Crown Agents
Advance at call at Bank rate varying.
783 7 6
T
!
Samuel Montagu
Interest at 1 per £ s. d.
& Co.
cent. on £250,000
paid to Messrs.
... 154 2 2
Samuel Montagu on Sept. 21 for transfer to New York on Oct. 6, i.c.. 15 days equals Interest at 1 per cent.on £250,000 paid to Mesars. Samuel Montagu on Sept. 28 for transfer to New York on Oct. 6, i... 8 days equals 82 3 10
Hong Kong and Shanghai Bank- ing Corporation.
Oct. 25
5
Samuel Montagu & Co.
6
Crown Agents
To be applied towards the repayment of the Loan obtained by the Viceroy Wuchang from the branch of the Hong Kong and Shanghai Bank at Hankow. Commission of per cent. on telegraphic transfer of £700,000 to New York. Interest on advances from Sept. 21 to Oct. 6, 1905, at Bank rate varying.
400,000 0 0
437 10 0
582 3 6
1903
Crown Agent for the Colonies.
236 6 0
1,101,019 13 6
E. E. BLAKE,
9
PUBLIC RECORD OFFICE, LONDON ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO
PUBLIC RECORD OFFICE
Reference :-
6
5
TILLHC.O. 882