138
SCHEDULE of Payments of Interest and Repayments of Principal.
Year.
1
Data.
Payment
Repayment
of Interest.
of Principal.
Total Payment.
February 25
£ & 1,687 10
£
£ 8. 1,687 10
1901
August 25
1,687 10
7,500
9,187 10
February 25 ...
1,518 15
1,518 15
1902
August 25
1,518 15
7,500
9,018 15
February 25
1,350 0
1903
1,350 0
August 25
---
1,350 0
7,500
8,850 0
February 25
1,181 5
1904
August 25
1,181 5
7,500
1,181 5
8,681 5
February 25 ...
1,012 10
1905
August 25
-
1,012 10
7,500
February 25
843 15
1906
August 25
843 15
7,500
1,012 10
8,512 10
843 15
8,343 15
February 25
675 0
1907
August 25
4
675 0
7,500
675 0
8,175 0
February 25 ...
506 5
506 5
1908
August 25
506 5
7,500
8,006 5
February 25
337 10
1909
;
337 10
August 25
337 10
7,500
7,837 10
February 25
168 15
168 15
1910
August 25
Total
168 15
18,562 10
7,500
75,000
7,668 15
93,562 10
139
The loan is for ten years, repayment to be by ten equal yearly instalments of £7,500 each.
The interest is 4 per cent. per annum.
The toan is secured by a second mortgage on the Ichang salt li-kin, already charged with the service of the Chinese Imperial Government 4 per cent. Loan of 1898, and it ranks immediately after that loan. The Viceroy may, if necessary, supplement the revenue of the Ichang salt li-kin by other revenues of his provinces, but, in case of default with regard to payment of interest or repayment of principal, the Viceroy may be called upon by Her Majesty's Government to appropriate and place under the administration of the Imperial Maritime Customs further approved revenues as its security.
It is to be further secured by deposit with Her Majesty's Consul-General at Hankow of sterling li-kin yearly bonds equal in value to the total amount of the loan, principal and interest.
The primary object of the loan was the payment of the Viceroy's troops, who, it was represented, would obey the orders of the provincial authorities only so long as they were paid, and it was feared that, without their support, the Yang-taze Vice- roys could not continue to be a check on the Peking Government, and a general rising would ensue.
The Viceroy of Hankow stated that he would require a further loan of £75,000 in about three months from the end of August, likewise for the payment of his troops. The security offered is the same as that offered for the first loan, and is con- sidered adequate by the Hong Kong and Shanghae Bank.
A German firm has offered to lend the sum. be the Viceroy's general guarantee, with valuable mining and industrial Concessions The security is stated probably to attached, which might be made use of for political purposes.
A further offer of a similar amount has been made by the Belgians on the same terms as regards interest as the British loan on security of a mortgage on the river frontage of Hankow, an artificial embankment of more than 20 miles in length, which would, in case of default on the loan, give the Belgians a practical monopoly of the wharfage and transhipment accommodation where the railway termini are to be.
Her Majesty's Consul-General at Hankow has also reported that a French Syndi- cate are ready to lend 2,000,000 francs to the Viceroy at 3 per cent. on the same security as the British Loan, and ranking after it.
Foreign Office,
20876
November 9, 1900.
No. 104.
COLONIAL OFFICE to THE BRITISH AND CHINESE CORPORATION, LIMITED.
your
[Copy to Foreign Office, and to Governor (Confidential), June 27, 1905. L.F.] I AM directed by Mr. Secretary Lyttelton to acknowledge the receipt of
Downing Street, June 23, 1905. letter of the 16th instant, with regard to the Canton-Kowloon Railway, and to say that he has read it with satisfaction.
I am, &c.,
Signed at Wuchang by the Contracting Parties this fourth day of the eighth month of the twenty-sixth year of the Emperor Kuang Hsü, being the twenty-eighth day of August, one thousand nine hundred, Western calendar.
(Viceroy's Signature and Seal.)
SIR,
E. H. FRASER,
Her Britannic Majesty's Acting Consul-General, Hankow.
(Consul's Seal.)
For the Hong Kong and Shanghae Banking Corporation,
}
E. G. HILLIER,
Agent and Attorney.
21344
No. 105.
C. P. LUCAS.
Attached to 21344
No. 103.
MEMORANDUM.
(Communicated by Foreign Office, June 22, 1805.)
On the 28th August last an agreement was signed between the Viceroy of Wuchang and the Hong Kong and Shanghae Bank for a loan of £75,000, Her Majesty's Government guaranteeing the principal and interest.
Enclosure 2 in No. 102.
(Secret.)
SIR,
COLONIAL OFFICE to FOREIGN OFFICE. [Answered by No. 107.]
Downing Street June 26, 1905.
WгTH reference to your letters of the 15th and 20th instant, † respecting the application of the Viceroy of Hankow for a loan, I am directed by Mr. Secretary Lyttelton to transmit to you, to be laid before the Marquess of Lansdowne, a copy of a telegram which has been addressed to the Governor of Hong Kong on the subject.
• No. 97.
18885
† Nos. 94 and 101.
No. I. No 124.
A 2
PUBLIC RECORD OFFICE
Reference :-
TTIC.O. 882
6
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