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THE BRITISH & CHINESE CORPORATION LIMITED.
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Ross's letter referred to in your telegram that the Chinese
would conclude the line was to cost two millions the Board
decided subject to the approval of the Colonial office to wire
you to seek the concurrence of the Governor of Hongkong and if
obtained to make the Loan £1,500,000 plus the amount to be
inserted in Article 7 for the provision of Land. Also to inser
after line 17, page 6, of the draft Agreement the provision you
will find in Article 2 of the draft Soochow Hangohow Ningpo
Railway Agreement, vizim
"In the event of the proceeds of this Loan being insuficient
"for the completion of the Railway, the amount of the
"deficiency shall be provided by a supplementary issue of
"Bonds with corresponding Net Profit Certificates, such
"Bonde to be upon the same terms and subject to the same
"conditions in all respects as in the case of this Loan,
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We hope our Chairman will be able to see the Coloniai
Office and that we may be able to wire you early next week.
Yours faithfuliyə
for The BRITISH & OHINESE CORPORATION, Limited,
(Signed) A. N. FREWER,
Secretary.
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