Nai San Yat Po of 5th November, 1908.
284
Scheme of inviting people to take shares in the Canton-Whampoa Railway.
3387
TO
REGE 28 JAN 07:
The Canton-Whampoa Railway is to be constructed by the money subscribed for shares. Choung Pat-sz has undertaken to invite people to take up shares. No pecuniary aid of the Government is required. He has drawn up 21 rules which have been sent to the Board of Trade to be kept on record. At present the expenditure for the commencement of the work is heavy and a close estimate of the cost of land, material, etc., shows that about 800,000 to 900,000 taels are required. H.E. Cheung, Lord High Chamberlain, will advance from 100,000 to 200,000 taels to get the work started, and he will offer the shares to be taken up in the South at 100 taels each. The number of shares is fixed at 8,000 and Chinese subscriptions only are to be accepted.
As to the survey and scheme of construction of the whole line, the rate of customs duties and the track for the railway, although a general plan has been decided upon, a great many things have not been discussed, and when the New Viceroy arrives, the whole scheme will be discussed and carried out.
It was originally decided that the work of opening Whampoa as a commercial spot should be included in the Canton-Whampoa railway. It has been time after time surveyed by foreign surveyors, all of whom have been of opinion that it would be a suitable spot being on the route for vessels trading between Canton and Hongkong and there being an extensive area and deep water - more than ten fathoms in depth. If wharves and godowns are erected, it will be proved a suitable port for trading vessels of all nations. A clear and simple plan has been made and sent to the Viceroy who will submit it to the Board of Trade for consideration. When nearly all the shares have been taken up, a decision will be arrived at as to whether both schemes shall be carried out simultaneously or one before the other.
TRANSLATION.
Nai San Yat Po of 5th. November, 1908.
284
Scheme of inviting people to take shares in the Canton-Whampoa
Hailway.
3387
TOT
REGE 28 JAN 07:
The Canton-Whampoa Kaliway is to be constructed by the money sub- scribed for shares. ..Choung Pat-sz has undertaken to invite people
to take up shares. No pecuniary and of the Government is required. He
has drawn up 21 rules which have been sent to the Board of Trade to be
xept on record. At present the expenditure for the commencement of the
work is heavy and a close estimate of the cost of land, material,etc.,
shows that about 900,000 to 900,000 taeis are required. H..Cheung, Lord
High Chamberlain, will advance from 100,000 to 200,000 tuels to get the
work started, and he will offer the shares to be taken up in the South
at 100 taels each. The number of shares is fixed at 8,000 and Chinese
subscriptions only are to be acceptei,
As to the survey and schere of construction of the whole line,
the rate of custor duties and the track for the railway, although a
general plan has been decided upon, a great many things have not been
discussed, and when the New Viceroy arrives, the whole scheme will be
discussed and carried out.
It was originally decided that the work of opening Whampoa as a
commercial spot should be included in the Canton-Whampoa railway. It has
been time after time surveyed by foreign surveyors, all of whom have
been of opinion that it would be a suitable spot being on the route for
vessels trading between Canton and Hongkong and there being an extensive
area and deep water - more than ten fathoms in depth. If wharves and
godowns are erected, it will be proved a suitable port for trading
vesseis of all nations. A clear and simple plan has been made and sent
to the Viceroy who will submit it to the Ecard of trade for considera-
tion. When nearly all the shares have been taken up, a decision will be
arrived at as to whether both schemes shall be carried out siaultaneous-
ly or one before the other.
!
No comments yet.
Private notes are available after approval.