CO129-329 - Governor Nathan - 1905 [7-12] — Page 652

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Artich If tîm loan agreemens. a sum of £1,500,000 as tin maximum amours

Im loan and by providing for its i fent in three instalments of hot mome Quan í 500,000 sách, tifad

5. bitu

to ttu vicend point lawed by the Vricogr, viz the heasy freigh preponderance of the Board of Management, in pround proposal is that when the line approaches Completion tim jound board to be formed should consics of dix membero, lso apponiho by Chuic, two by Hongtrong and our key the Corporation, in cixth being the Genual Hangjur of tt Railway to be selects by agreement betwven time too contracting Govrumments. Mit Fraser suffects that it might be possible to meet Im Vicuoyê objection by combining in our the repuscudation of the Hong Kong Jovoumad and of the Corporation Jam not sure, howson, that he fully appreciates the fact that the inflents of tut Caporation who are to receive 20% of the profits of the Chain suction of the Railway may I funnits be of variance with the interests of tiongtong. Eva with the arranycement as it stands the members representing the Hougtions Scation could be ondromed by the mambas reprcounting tin Canton sistion undifo the Genuse Manager had a casting as with as as original vobe. At any rate Jam not fupaus to mate as the presund time any concession in the matur 6. Though for action of the Wailon the as stated in Sis Cruel Sabow's telegram of ltu 28′′ of October shows that there to some probability of nediations baris how started for the conclusion of a loan apeemend with the Brilist . Cluin, Capuation. I su as you he lesson

to change ther Opinion Expleped in patopish 5 of my dispatch of the 18th of Octobert other ou bur chance of getting the Canton section of

"Railway complend as the same time as the Slouptione vection and tim subsequend journs working of the two sections settled by valisfactor agreement with be by the surrender by the British «Cherise Corporatio of their commpion on tu conditions & specified

In Canton-Kowlosu

I have to honour bobc

Your modd obediens, humble suvand

M. Zathans

Govenor

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