2006
534
(doeak)
From Governor, Hongtions
TXI
Pefcering to your telegrams of 11th October,
State
To Secretary of
Dcop - 3.25. 13/10/05
Railways doar Ordinance to raise sum of £2,000,000 to depay the "Cord of the railway from Kowloon and for other Railway purposes was passed this afternoon, and authorizes the Governor to borrow, as occation requires, Jums not Exiceðung / 1,000,000 in all by the sale of Suscribed Stock under the provicious of the General Loan Ordinance of 1893. I informed the member, this the amount was to cover loan to the touchang Viceroy as with as the cost of the Hong Kong section of the Canton- Kowloon line and of possible other contingentes and ✓ promised them that they should be informed when was actually raised. I presume this the Crown Agents with continue to lend the money at bank rate until tîn conditions au favorable for raisuig loan. Should they not be able to do this I suggus applying to the HongKong & Shanghai Banking Corporation to allow an owndraft for the amount of the samiz
toms.
ary
Loan
Wathan
From Govomer Hongkong.
To Scoredary of State (Deop2 5-25μm 13/10/05
My telegram te discupancy of the 4th of October. The Viceroy has now asked for a further lear of £450,000 idedical terms co as to Enable kimi to racem, the Cantou Hankow Railway bonds of a premium of two and a half fourcend as ly the American agreement and says that the Belgian Minister
poscuber Supported by the French makes thuse bang unpaid a pretext for claiming rights to take up the lapsed conception.
The Viceroy has been negotiating with an British Chinese Corporation.
for this further loan but thin forms are too high.
If you can induce tuu Corporation to lown then forms to that they wih be more advantageous than those which the Viceroy can get from any fortigu source this would be the bad arrangemat, Otherwin ↓ propose if Sir Guest Satow advisse it to maks supplemendary loan, but I do not want to do this if it can be
a
avoided.
Nathat
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