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27/7.
похо
7/7.
No. 128
PRINTED FOR USE ON
EASTERN
RD.
88 COLONIAL OFFIC
GOVERNOR, Hong Kong, to SECRETARY OF STATE.
My telegram of July 15th. With reference to £3,000,000 loan for construction, }.05. following is an extract from a telegram just received from Satow :-
"Owing to anxiety of the Viceroy, railway construction loan to be signed after yours. Fraser informed the Agents of the Hong Kong and Shanghai Bank and the Chartered Bank that British financiers would have first option in raising this sum, which would shortly be required. Viceroy wants it at 4 per cent., but he does not propose to convey such control over the railway as in the case of the Pelan Railway (he says he has other security than the line to pledge), so I am afraid the banks may not be able to do the loan. Please communicate as you suggest in the last sentence of your telegram of July 11th."
Will you now see what arrangements can be made in London in the matter of construction loan?
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