450
March, 1899, and that the line within British territory should be constructed at the cost of the Government of Hong Kong, subsequently to be leased to the Corporation upon terms to be agreed upon and to be worked as one undertaking with the Chinese section of the line.
2.
From your letter under reply and from a memorandum of the 31st of May which it encloses, it would appear that the Directors of the Corporation, while accepting the proposal that the Hong Kong section of the line should be constructed by them at the cost of the Government of that Colony, propose that instead of leasing this section to the Corporation the management of the whole line shall be placed in the hands of a Board to which the Corporation should nominate three Europeans and two Chinese and the Hong Kong Government two European members, and that the revenue...
99
450
March, 1899, and that the line within British
territory should be constructed by end at the
cost of the Government of Hong Kong, subau-
quently to be leased to the Corporation upon
terms to be agreed upon and to be worked as
one undertaking with the Chinese section of
the line.
2.
From your letter under reply and
from a mancrandum of the 31st of May which it
encloses, it would appear that the Directors
of the Corporation, while accepting the
proposal that the Hong Kong section of the
line should be constructed by una at the
cost of the Goverment of that Colony, pro-
pose that instead of leasing this section to
the Corporation the management of the whole
line shall be placed in the hands of a Boura
to which the Corporation should nominate three
Europeans and two Chinese and the Hong Kong
Government two Furopean members, and that he
99
revenue
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