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following resolution:
The Committee are of opinion that, having regard to the demands now made on the resources of the Colony for Defences and Extraordinary Public Works, the Colony is not in a position, at present, to contribute to the subsidy required for the direct Cable between Singapore and Hongkong.
This resolution was
mo
reported
to the Conneil.
on the 24th
ultime when
comments.
of
by a
any Kind were made.
4.
It
was stated
speaker at a recent meeting of - the Chamber of Commerce that the Eastern Extension Telegraph Company had consented to- reduse their demand for annual subsidy from twenty £20,000.
an
thousand
£15000. thousand pounde to Fifteen thousand
pounds sterling for twenty years.
I have received no communication
from the Agent of the Company on the subject, though I have no reason to doubt the statement.
I believe that the
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Colony fully recognizes the advantages, Commercial as well as Political and In
a
Military
of having direct cable between Wongkong and Singapore,
but the Revenue
of
the Col
Colony
will
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