CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 444

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

439

that certain other proposals by the Viceroy were inexpedient and would be met by explaining to him the facts in such case.

8.8. T'ANG SHAO-YI objected to the inclusion in the preamble of any reference to the preliminary agreements as calculated to create an erroneous impression on Chinese public opinion - he also desired that instead of making the Viceroy responsible for the railway, the agreement should refer to the representative of the Chinese Government; this because of certain administrative changes impending in the Chinese Government's system.

It was agreed that, in order to submit a complete draft, finally corrected, at next meeting, the Canton Viceroy's delegates would go over the text again with Mr. Bland.

Referring to the question of price, W. BLAND submitted a telegram received from the Directors of the Corporation in which it was stipulated that the loan should be issued within 30 days of receipt of the documents in London and under conditions similar to those of clause 12 of the Northern Railway Loan Agreement. W. BLAND was of opinion that the Board, as the result of further representations, might agree to the order of issue at the fixed commission of points over a longer period than that above-named, and suggested the possibility of compromise on the understanding that no extension of the time-limit be stipulated; he had been given to understand that this latter condition could under no circumstances be included. He took occasion also to point out that the uncertainty (entailing serious risk of a considerable fall in Chinese securities) arising out of the present position of the Shanghai Nanking Railway Bond Issue, must of necessity be removed before the Board could reasonably be expected to incur the further responsibility of issuing the Canton Kowloon Railway Loan; he hoped therefore that the decision in this matter might no longer be postponed.

H.E. T'ang Shao Yi stated that the authority to issue the Bonds would be given in five days, but that the Chinese Government would expect to receive 96, this being the rate mentioned in his Memorial

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439 that certain other proposals by the Viceroy were inexpedient and would be met by explaining to him the facts in such case. 8.8. T'ANG SHAO-YI objected to the inclusion in the preamble of any reference to the preliminary agreements as calculated to create an erroneous impression on Chinese public opinion - he also desired that instead of making the Viceroy responsible for the railway, the agreement should refer to the representative of the Chinese Government; this because of certain administrative changes impending in the Chinese Government's system. It was agreed that, in order to submit a complete draft, finally corrected, at next meeting, the Canton Viceroy's delegates would go over the text again with Mr. Bland. Referring to the question of price, W. BLAND submitted a telegram received from the Directors of the Corporation in which it was stipulated that the loan should be issued within 30 days of receipt of the documents in London and under conditions similar to those of clause 12 of the Northern Railway Loan Agreement. W. BLAND was of opinion that the Board, as the result of further representations, might agree to the order of issue at the fixed commission of points over a longer period than that above-named, and suggested the possibility of compromise on the understanding that no extension of the time-limit be stipulated; he had been given to understand that this latter condition could under no circumstances be included. He took occasion also to point out that the uncertainty (entailing serious risk of a considerable fall in Chinese securities) arising out of the present position of the Shanghai Nanking Railway Bond Issue, must of necessity be removed before the Board could reasonably be expected to incur the further responsibility of issuing the Canton Kowloon Railway Loan; he hoped therefore that the decision in this matter might no longer be postponed. H.E. T'ang Shao Yi stated that the authority to issue the Bonds would be given in five days, but that the Chinese Government would expect to receive 96, this being the rate mentioned in his Memorial

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439 น that certain other proposals by the Viceroy were incraticable and would be met by explaining to him the facts in sach case. 8.8. T'ANG SHAO-YI objected to the inclusion in the preamble of any reference to the preliminary agreements as calculated to create en erroneous impression on Chinese public opinion - he also desired that instead of making the Vicercy responsible for the rail- way, the agreement should refer to the representative of the Chinese Government; this because of certain adminstrative changes impending in the Chinese Government's system, It was agreed that, in order to submit a complets draft, finally corrected, at next meeting, the Centor Viceroy's delegates would go over the text again with Mr. Bland, Referring to the question of price, WB.ELAND submitted a telegram received from the Directors of the Corporation in which it was stipulated that the loer should be issued within 30 days of receipt of the documents in London and under conditions similar to those of clause 12 of the Northern Railway Loan Agreement. WK BLAND wes of opinion that the Board, as the result of further represerta- tions, might agree to the ortier of issue at the fixed commission of points over a longer rerico thar that above-nared, and suggested the possibility of compromise on the understanding that no extension of the time-limit be stipulated; he had been given to understand that this latter condition could under no circumstances be included. He took occasion also to point out that the uncertainty (entailing serious risk of a considerable fall in Chinese securities) arising out of the present position of the Shanghaj Nenking kailway Bond Issue, must of necessity be removed before the board could reasonably, be expected to incur the further responsibility of issuing the Canton Kowloon Railway Loan; he hoped therefore that the decision in this matter night no longer he postponed. H.8. T'ang Shao Yi stated that the authority to issue the Bonds would be given in five days, but that the Chinese Government would expect to receive 96, this being the rate menticed in his Memorial

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439

น

that certain other proposals by the Viceroy were incraticable and would be met by explaining to him the facts in sach case.

8.8. T'ANG SHAO-YI objected to the inclusion in the preamble

of any reference to the preliminary agreements as calculated to

create en erroneous impression on Chinese public opinion - he also

desired that instead of making the Vicercy responsible for the rail-

way, the agreement should refer to the representative of the Chinese Government; this because of certain adminstrative changes impending

in the Chinese Government's system,

It was agreed that, in order to submit a complets draft,

finally corrected, at next meeting, the Centor Viceroy's delegates

would go over the text again with Mr. Bland,

Referring to the question of price, WB.ELAND submitted a

telegram received from the Directors of the Corporation in which it

was stipulated that the loer should be issued within 30 days of

receipt of the documents in London and under conditions similar to

those of clause 12 of the Northern Railway Loan Agreement. WK BLAND

wes of opinion that the Board, as the result of further represerta-

tions, might agree to the ortier of issue at the fixed commission of

points over a longer rerico thar that above-nared, and suggested

the possibility of compromise on the understanding that no extension

of the time-limit be stipulated; he had been given to understand that

this latter condition could under no circumstances be included. He

took occasion also to point out that the uncertainty (entailing

serious risk of a considerable fall in Chinese securities) arising

out of the present position of the Shanghaj Nenking kailway Bond

Issue, must of necessity be removed before the board could reasonably,

be expected to incur the further responsibility of issuing the Canton

Kowloon Railway Loan; he hoped therefore that the decision in this

matter night no longer he postponed.

H.8. T'ang Shao Yi stated that the authority to issue the

Bonds would be given in five days, but that the Chinese Government

would expect to receive 96, this being the rate menticed in his

Memorial

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