CO129-335 - Governor Nathan - 1906 [8-10] — Page 249

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

245

to report the situation to the Board and to convey their reply in due course.

The meeting then proceeded to consider the remaining Clauses of the Canton Viceroy's proposals.

Article 10.

No discussion.

Article 11.

H.E. TANG SHAO-YI considered that the question of railway telegraphs was an internal matter for regulation by the Chinese Government and that this clause was therefore superfluous in the Loan Agreement; it would, however, find a place in the working agreement to be arranged with the Hongkong Government.

Article 12. The Chinese representatives agreed that all receipts from traffic should be deposited in the Hongkong and Shanghai Bank, but H.E. TANG SHAO-YI claimed that the usual market rate of interest on the daily balance should be allowed, as in the case of other Chinese Government railways: also, that in the event of large accumulations of profits, the Chinese Government should dispose of the same in the manner as those of the Northern Railways.

MR. BLAND undertook to obtain the views of the Bank in the matter, suggesting at the same time, that the procedure adopted for the Shanghai Nanking Railway should be followed.

Article 13.

No discussion.

Article 14.

H.E. TANG SHAO-YI stated that the Chinese Government would henceforward charge all railway construction with the proper amounts payable for duty and likin, this also being a purely Government question. No taxes, or stamp fees would be imposed on the interest or revenues of the line. The question of likin on goods carried by the railway was a matter for arrangement under

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3 245 to report the situation to the Board and to convey their reply in due course. The meeting then proceeded to consider the remaining Clauses of the Canton Viceroy's proposals. Article 10. No discussion. Article 11. H.E. TANG SHAO-YI considered that the question of railway telegraphs was an internal matter for regulation by the Chinese Government and that this clause was therefore superfluous in the Loan Agreement; it would, however, find a place in the working agreement to be arranged with the Hongkong Government. Article 12. The Chinese representatives agreed that all receipts from traffic should be deposited in the Hongkong and Shanghai Bank, but H.E. TANG SHAO-YI claimed that the usual market rate of interest on the daily balance should be allowed, as in the case of other Chinese Government railways: also, that in the event of large accumulations of profits, the Chinese Government should dispose of the same in the manner as those of the Northern Railways. MR. BLAND undertook to obtain the views of the Bank in the matter, suggesting at the same time, that the procedure adopted for the Shanghai Nanking Railway should be followed. Article 13. No discussion. Article 14. H.E. TANG SHAO-YI stated that the Chinese Government would henceforward charge all railway construction with the proper amounts payable for duty and likin, this also being a purely Government question. No taxes, or stamp fees would be imposed on the interest or revenues of the line. The question of likin on goods carried by the railway was a matter for arrangement under

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3 245 to report the situation to the Board and to convey their reply in due course. The meeting then prosceded to consider the remaining Clauses of the Canton Viceroy's proposals. Article 10. No discussion. Article 11. H.E.TANG SHAO-YI considered that the question of railway belographs was an internal matter for regulation by the Chinese Government and that this clauso was therefore superfluous in the Loan Agrecment it would, however, find a place in the working agreement to be arranged with the Hongkong Government. Article 12. The Chinese reprosentatives agreed that all receipts from traffic should be deposited in the Hongkong and Shanghai Bank, but I.E.TANG SHAO-YI clained that the usual market rate of interest on the daily balance should be allowed, as in the case of other Chinese Government railways: also, that in the event of large accumulations of profits, the Chinese Government should dispose of the sane in the manner as thoseof the Northern Railways. MR BLAND undertook to obtain the views of the Bank in the matter, sugresting at the same time, that the procedure adopted for the Shanghai Nanking Railway should be followed. i Article 13. No discussion. Article 14. H.E.TANG SHAO-YI stated that the Chinese Government would henceforward charge akl railway construction with the proper amcunts payable for duty and lekin this also being a purely Government question. Ko taxes, or st stamp fees would be imposed on the interest or revenues of the line, The question S bkin on goods carried by the railway was a matter for arrangement under

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245

to report the situation to the Board and to convey their reply in

due course.

The meeting then prosceded to consider the remaining Clauses

of the Canton Viceroy's proposals.

Article 10.

No discussion.

Article 11.

H.E.TANG SHAO-YI considered that the question

of railway belographs was an internal matter for regulation by the

Chinese Government and that this clauso was therefore superfluous

in the Loan Agrecment it would, however, find a place in the

working agreement to be arranged with the Hongkong Government.

Article 12. The Chinese reprosentatives agreed that all

receipts from traffic should be deposited in the Hongkong and

Shanghai Bank, but I.E.TANG SHAO-YI clained that the usual market

rate of interest on the daily balance should be allowed, as in the

case of other Chinese Government railways: also, that in the event

of large accumulations of profits, the Chinese Government should

dispose of the sane in the manner as thoseof the Northern Railways.

MR BLAND undertook to obtain the views of the Bank in the matter,

sugresting at the same time, that the procedure adopted for the

Shanghai Nanking Railway should be followed.

Article 13.

No discussion.

Article 14.

H.E.TANG SHAO-YI stated that the Chinese

Government would henceforward charge akl railway construction with

the proper amcunts payable for duty and lekin this also being a

purely Government question. Ko taxes, or st

stamp fees would be imposed

on the interest or revenues of the line, The question

bkin

on goods carried by the railway was a matter for arrangement under

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