CO129-147 - Public Offices - 1870 — Page 373

371

is contemplated from Manilla

4

to Singapore via Labuan and

Sara wall, but this will be

a question of additional Capital. The

of separate and

Company

have

an exclusive

oncession for 40 years from

geveral traffic

the Spanish Government, and the traffic with Hong Kong, to gether with the local haffe throughout the Group optslands, is believed by the Directors to

be capable of yielding ample Revenue. Although the trade of the Philippines is known

precise

to be important, no

Statistics in relation to it

seem to be available. The

enterprise, therefore, must in

some

degree possess

대

expernmental character, but

it has the recommendations

of not being a competitive

of the fact

one, as well as

that in the progress

Commerce the exclusive

-cession mmst.

of

con=

umst year by year.

throughout its entire term

be

expected to increase m value. The work is to be

completed for $297,000 by MWE W. J. Henley of North Woolwich, who is to take of 70,000, in

fully paid shares, and to

pay