7
of Hongkong.
38
As a despatch recently received fros. the Soome tory of State leads the Gowener Secret to believe that Her Majesty's Goverment attach come importame to the question of providing such a cable, His Excellinen would be glad to receive an -expression of : the views of the Chamber of Commerce
the above proposal.
e-
an view of the accurate :
accurate knowledge
which he believes is possessed by Foreign Govermente of the position of all
Submarnice cables, and of the
which
cable.
any
exze with
such cable can be "grappled
and cut even in deep water by means of any vessel containing the necessary apparatus, His Excellency is insufficiently impressed with the value of the proposed
for deferrsive purposes to warrant him in recommending so large a subeidy from the Revenue of the Colony on that account; and he is inclined to regard as of much
pressing importance the construction
Auore
of
re cow.
I thin
Secret 387
Sug
of
533
various much-needed Public Works, which would of themselves absorb all,
than all of even the large by
mone.
if not increased Revenue which, in the absence
of unforeseen calamity, may be expreted in the next few years .
.
Though infortunately he cannot give publicity to some of the facts and considerations which weigh with him, This Excellency at present feels very grave
doubt whether
on
any ground this direct cable is worth to the general tax-payers
the redireed subeidy of
ever
of Hongkong £7500 which the Company
the willingness to accept.
wow
indicate
Such a sable would no doubt be
and
3 general
very valuable for shipping trade-interests ; but the shipping
trade
and
and
benefited would be that offfinia Japan as well as Hongkong;
in this view it would sum
that
and
fairer
any subsidy for a cable obtained with this object should be paid not from
the
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