Sub. Endos In the C.O. 19701 13 REC
Loan £1,500,000 at 90
£1,350,000
Deduct interest and service of loan during construction, 2 years at 5% and 1%
150,376
Add interest on Loan funds pending expenditure, say
34,198
Available for purposes specified below
£1,199,624
£1,233,622
Expenditure, say as a purely arbitrary figure
£1,000,000
£1,200,000
The question of providing more margin must be considered, and as work is to begin simultaneously with the British section and the British section is estimated to occupy four years against two years for the Chinese section it follows that for two years after
ཙ,
Sub. Endos In the
C.0.
19701
13
REC
The British and Chinese Corporation Bidftet.
Rough Proforma Estimate of Amount of Loan required for Canton Kowloon Railway. (Chinese Section).
ban £1,500,000 at 90
£1,350,000
educt interest and service of loan during construction,
2 years at 5% and 1%
150,376
dd interest on Loan funds pending expenditure, say
vailable for purposes specified below
£1,199,624 34,198
£1,233,622
and, say as a purely arbitrary figure
onstruction and Equipment, 101 Miles.
Engineer's estimate
British and Chinese Corporation's
commission on materials say
orking Capital, say as a purely arbitrary figure
£ 100,000
£979,659
20,341
£1,000,000
100,000
£1,200,000
Margin
33,822
The question of providing more margin must be
considered, and as work is to begin simultaneously
with the British section and the British section is
estimated to occupy four years against two years for
the Chinese section it follows that for two years af-
ter
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