CO129-331 - Public Offices - 1905 — Page 14

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