JAN 1905
MO
(a) & monáda un
Ou
C.O.
THE BRITISH AND CHINESE CorporATION, LIMITED
204
1218
3. Lombard Three Fandanga
January 13th. 1905.
Painé
TED
FOR USE
EASTERN
No.
COLONIAL
88.
OFFICE
C. P. Lucas Esq.,
CB.
colonial Office,
Downing Street,
S. W.
sir,
CANTON KOWLOON RAILWAY.
I beg leave to acquaint you for the information of Mr. Lyttelton that the Board have considered your letter to me of the 16th. ultimo and that they accept for submission to the Chinese Authorities the conditions therein specified as a basis of the terms for a final Agreement.
Several of the conditions, and in particular the conditions in Clause L, are pretty certain to be objected to by the Chinese Railway Administration but in the desire to raise no obstacle to the negotiations of terms which must necessarily be discussed and settled by the Colonial and Chinese Governments, the Board who have no mandate to commit the Chinese Authorities acquiesce in the insertion of the conditions.
The Board gather that Mr. Lyttelton will not consent to any reconsideration of the basis on which the net profits or losses are to be divided between the two Governments, but they hope he will recognise that in the cost of the Railway the discount at which the Chinese are obliged to place their Loan Bonds should be included. Experience has made it
YOR
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