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THE BRITISH AND CHINESE CORPORATION, LIMITED.
G.V.Flades Esq., C.B.,
457
3 Lombard Street, London, E.0.,
December 5th, 1904.
Colonfal Office,
Downing Street, S.7.
Dear Mr Fiddes,
I have submitted your letter of the 17th ultimo to the Board who have given it their careful consideration.
The Board and particularly those mambers who are conversant with Railway practice feel that we could not justify Condition L.to the Chinese and to the public who will be invited to take up the Loan.
The common practice in working Agreements appears to be to pool and aivide in agreed proportions the through traffic but not to pool the traffic which is entirely confined to one or other of the associated Railways.
This practice seems to the Board to be the equitable method of dealing with the traffic and I am request d to express the hope that you will see your way to arrange a further conference to consider the matter which the Board regard as important.
I may add that if this principle should be adopted the Roard consiner that the circumstances entitle the Colonial Line to special consideration in settling the division of the pooled traffic and they would agree to its being on the basis of proposal L.
In regard to the Engineering and Construction (proposal ) the Board agree that the Consulting
Engineer a
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