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a whole by the co-operation of the Hongkong Government without which support Mr. Barry stated it would not be possible for the Corporation to raise the money for the construction of the Chinese section. I told him that I should not recommend any other rethod
he
of sharing the profits and stated that he would communicate this to his directors. I am under the impression that he was quite pre- pared to find my opinion fixed on this point.
3.
I also informed him that from my calculations the local traffic alone on the British section would be sufficient to pay interest and sinking fund, running and maintenance expenses for that section and I gave him the general figures on which I based this view. He considered that my estimate of expenditure was more than ample but that with regard to receipts 1 had assured a somewhat high goods rate. He was much surprised at the considerable local traffic anticipated and told me that the directors of the Corpora- tion thought that there would be scarcely any traffic of this na-
ture.
4.
We discussed the relative advantages of crossing the Kowloon hills by a low level tunnel or by high level tunnels and viaducts and he was of my opinion that the former method would pro- bably be more economical in construction and certainly more so as regards running and maintenance. The main difficulty connected .. with it was the time the tunnel would take to pierce. On a rough estimate this might be as much as three years but much would depend on the exact tine chosen after careful examination by experts.
1 have the honour to be,
Sir,
Your most obedient,
bumble servant,
Duration
Governor &c..
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