252
Company has also agreed, subject to the approval of Her Majesty's Government, to give to the Company exclusive privileges for Labuan and British North Borneo, and having regard to the importance to British interests, both politically, strategically, and commercially, that a second Cable should be laid without further delay, I venture to hope that the matter will receive Your Lordship's most favorable consideration, and valuable support.
I would beg to point out that the existing Cables are amply sufficient to carry a considerable increase of the present traffic, and as the additional traffic due to the establishment of the proposed new cable would be entirely insignificant in proportion to the large outlay of over £300,000 that would be involved, the project could only be carried out in consideration of the Company receiving some accession of the above indicated privileges.
Should Her Majesty's Government at any time desire to cancel the exclusive privileges applied for, the arrangement could be easily modified by the Government agreeing to purchase the cable in the same manner as was arranged when similar privileges were granted to the Eastern Telegraph Company by...
GR734/43
252
Company
has also agreed, subject
to the approval of Her Majesty's
Government, to give to the Company
exclusive privileges for Labuan
and British north, Borneo, aud having regard to the importance to British interests, both politically,
strategically, that
commercially and str.
a
second
Cable should be laid
without further delay,
I venture
to hope that the matter will
receive Your Lordship's
most
favorable consideration, and
valuable support.
out
are
a
that
I would beg to point
the existing Cables
amply sufficient to carry.
considerable increase of the
present traffic, and as the additional
(traffic
734/43
}
'
traffic due to the establishment of the proposed new bable would be
entirely insignificant in proportion to the large outlay of over
£300,000
that would be involved, the project
could only be carried out in consideration of the Company
receiving some
as
zme acce
of
above indicated
Should Her Majesty's
protection
Government at
to cancel
now
could
G.
any
time desire
the exclusive privileges
applied for, the arrangement
be easily modified by the overnment agreeing to purchase
the table in the same
manner).
as
was
arra
enged when similar
privileges
were
granted to the~
Eastern Telegraph Company by
(Iter
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