CO129-329 - Governor Nathan - 1905 [7-12] — Page 560

Mem

THE BRITISH AND CHINese CorporATION. LIMITED,

557

C

TRANSLATION OF TELEGRAM DESPATCHED TO JARDINE, MATHESON & CO.,

SHANGHAI, 24TH. OCTOBER 1905.

Canton Hankow Railway Loan guarantee or undertaking by

the British Government or by the Hongkong Government is not

obtainable.

You are authorised to negotiate loan on the same

terms (vide foot note) offered by Central Chinese Railways, Ld.

for Szechuen Railway with the following exceptions.

We understand that amount may be £2,500,000 including

£450,000 to be advanced immediately Loan Contract has been

ratified and to be refunded on the issue of the Loan.

NOTE.

TERMS REFERRED TO ABOVE WERE: Amount £2,000,000.

Period 20 years.

Redeemable ir 15 instalments commencing

Security Imperial Guarantee and Hupeh Lekin.

Lenders to purchase material on commission of 5%. Principal 5%. Service of Loan to Hongkong Bank with 17 on

sixth year.

amount required.

Interest on

Price 95 or if necessary 95 provided

amortisation of Loan does not commence until tenth year.

}