CO129-323 - Acting Governor May Governor Nathan - 1904 [6-7] — Page 35

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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No. 184.

C. O.

23637

PECS

34

(REG 4 JUL 04)

Peking,

May 11th., 1904.

My Lord,

With reference to my Despatch No. 188 of April 11th. mentioning a suggestion of the Hongkong Chamber of Commerce that the Canton-Kowloon Railway might be constructed with the aid of a guarantee of interest by the Colony of Hong-kong, it seems worth while to recall the terms granted by the French Colony of Indo-Chine to the Company formed to construct the line from Laokai to Yunnan-fu, which has been conceded by China to the French Government.

The Capital of the Company is fixed at 12,500,000 francs, and the Colony makes a free contribution of an equal sum in cash. In addition the Colony guarantees interest on the bonds to be issued by the Company up to an amount of 8,000,000 francs. Further, the Colony engages to construct the line from Haiphong to Laokai, and hand it over to the Company with rolling-stock complete. The Company on its side has to construct and equip the workshops, to furnish the stations and provide the tools for maintenance of the line, in return for a payment by the Colony of 5,000 francs per kilometre completed.

Bonds for the Laokai-Yunnan-fu line may be issued, as soon as one-fourth of the share-capital is paid up, at a price of not less than 76 francs per 100 francs now in. The paid-up capital will receive 4% interest during the period of construction.

The Marquess of Lansdowne, K.G.,

&c..

&c..

&c...

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No. 184. C. O. 23637 PECS 34 (REG 4 JUL 04) Peking, May 11th., 1904. My Lord, With reference to my Despatch No. 188 of April 11th. mentioning a suggestion of the Hongkong Chamber of Commerce that the Canton-Kowloon Railway might be constructed with the aid of a guarantee of interest by the Colony of Hong-kong, it seems worth while to recall the terms granted by the French Colony of Indo-Chine to the Company formed to construct the line from Laokai to Yunnan-fu, which has been conceded by China to the French Government. The Capital of the Company is fixed at 12,500,000 francs, and the Colony makes a free contribution of an equal sum in cash. In addition the Colony guarantees interest on the bonds to be issued by the Company up to an amount of 8,000,000 francs. Further, the Colony engages to construct the line from Haiphong to Laokai, and hand it over to the Company with rolling-stock complete. The Company on its side has to construct and equip the workshops, to furnish the stations and provide the tools for maintenance of the line, in return for a payment by the Colony of 5,000 francs per kilometre completed. Bonds for the Laokai-Yunnan-fu line may be issued, as soon as one-fourth of the share-capital is paid up, at a price of not less than 76 francs per 100 francs now in. The paid-up capital will receive 4% interest during the period of construction. The Marquess of Lansdowne, K.G., &c.. &c.. &c...
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COPY. No. 184. C. O. 23637 PECS 34 (REG 4 JUL 04) Feking, May 11th., 1904. My Lord, With reference to ry Baspatch No. 188 of April 11th. mentioning a suggestion of the hongkong Chamber of Commerce that the Canton-Kowloon Railzay might be constructed with the aid of a guarantee of interest by the Colony of Hong- kong, it seems worth while to recall the terms granted by the French Colony of Indo-Chine to the Corpany formed to construct the line from Leckai to Yunnan-fu, which has been conceded by China to the French Government. The Capital of the Company is fixed at 12,500,000 francs, and the Colony makes a free contribution of an equal sur in cash. In addition the Colony guarantees interest on the bonds to be issued by the Company up to en amount of 8,000,000 francs. Further, the Colony engages to construct the line from Haiphong to Laokai, and hand it over to the Company with roiling-stock complete. The Company on its side has to construct and equip the workshops, to furnish the stations and provide the tools for maintenance of the lina, in return for a payment by the Colony of 5,000 francs per kilometre completed. Eonds for the Laokai-Yunnan-fu line Lay be issued, as soon as one-fourth of the share-capital is paid up, at a price of not less than 76 francs per 100 francs now insi The paid-up capital will receive 42 interest during the perioù of construction. The Marquess of Lansdowne, K.G., &C.. &o.. &c... Bhen
2026-06-01 18:01:27 · Baseline
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COPY.

No. 184.

C. O.

23637

PECS

34

(REG 4 JUL 04)

Feking,

May 11th., 1904.

My Lord,

With reference to ry Baspatch No. 188 of April 11th. mentioning a suggestion of the hongkong Chamber of Commerce that the Canton-Kowloon Railzay might be constructed with the aid of a guarantee of interest by the Colony of Hong- kong, it seems worth while to recall the terms granted by the French Colony of Indo-Chine to the Corpany formed to construct the line from Leckai to Yunnan-fu, which has been conceded by

China to the French Government.

The Capital of the Company is fixed at

12,500,000 francs, and the Colony makes a free contribution of

an equal sur in cash. In addition the Colony guarantees

interest on the bonds to be issued by the Company up to en

amount of 8,000,000 francs. Further, the Colony engages to

construct the line from Haiphong to Laokai, and hand it over to

the Company with roiling-stock complete. The Company on its

side has to construct and equip the workshops, to furnish the

stations and provide the tools for maintenance of the lina, in

return for a payment by the Colony of 5,000 francs per kilometre

completed.

Eonds for the Laokai-Yunnan-fu line Lay

be issued, as soon as one-fourth of the share-capital is paid

up, at a price of not less than 76 francs per 100 francs now insi The paid-up capital will receive 42 interest during the perioù

of construction.

The Marquess of Lansdowne, K.G.,

&C..

&o..

&c...

Bhen

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