CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 548

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

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

CROWN AGENTS FOR THE COLONIES,

THE ABOVE REFERENCE AND THE

DATE OF THIS LETTER BEING QUOTED.

TEL. ADD. CROWN, LONDON"

Enclosures

Hong Kong

REC

30971

IRE. 22 AUG 06

WHITEHALL GARDENS,

542

LONDON, S. W.

21st August

1906.

Sir,

I have the honour to acknowledge the receipt of your letter of the 13th instant No.27897/1906 enclosing a copy of a despatch from the Governor of Hong Kong with regard to the procedure to be adopted in the administration of the Special Fund which has been opened on account of the repayments of interest and principal of the Loan of £1,100,000 made by the Government of Hong Kong to the Viceroy at Wuchang.

2. I would point out in the first place that in adopting the rate of 3 per cent as the interest to be paid on advances made in respect of the Railway from the Special Fund, Sir M. Nathan has apparently overlooked the fact that the rate of interest which the Colonial Government is paying for its Stock Loan is somewhat higher viz. about £5.13/- per cent and it is obvious that the Railway Account should be charged at the same rate for advances made to it for construction.

3. The proposals which we had made with regard to the fund are embodied in the following correspondence which has passed between ourselves and the Colonial

Under Secretary of State

Government

&c &c &c

Colonial Office

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H.Kong ALL COMMUNICATIONS TO BE ADDRESSED TO THE CROWN AGENTS FOR THE COLONIES, THE ABOVE REFERENCE AND THE DATE OF THIS LETTER BEING QUOTED. TEL. ADD. CROWN, LONDON" Enclosures Hong Kong REC 30971 IRE. 22 AUG 06 WHITEHALL GARDENS, 542 LONDON, S. W. 21st August 1906. Sir, I have the honour to acknowledge the receipt of your letter of the 13th instant No.27897/1906 enclosing a copy of a despatch from the Governor of Hong Kong with regard to the procedure to be adopted in the administration of the Special Fund which has been opened on account of the repayments of interest and principal of the Loan of £1,100,000 made by the Government of Hong Kong to the Viceroy at Wuchang. 2. I would point out in the first place that in adopting the rate of 3 per cent as the interest to be paid on advances made in respect of the Railway from the Special Fund, Sir M. Nathan has apparently overlooked the fact that the rate of interest which the Colonial Government is paying for its Stock Loan is somewhat higher viz. about £5.13/- per cent and it is obvious that the Railway Account should be charged at the same rate for advances made to it for construction. 3. The proposals which we had made with regard to the fund are embodied in the following correspondence which has passed between ourselves and the Colonial Under Secretary of State Government &c &c &c Colonial Office
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H.Kong ALL COMMUNICATIONS TO BE ADDRESSED TO THE GROWN AGENTS FOR THE COLONIES, THE ABOVE REFERENCE AND THE DATE OF THIG LETTER BEING QUOTED. TEL, ADD. CROWN, LONDON" Enclosures Hong Kong REC 30971 IRE. 22 AUC 06 WHITEHALL GARDENS, 542 LONDON, S. W. 21st August 190 6. Sir, I have the honour to acknowledge the receipt of your letter of the 13th instant No.27897/1906 enclosing a copy of a despatch from the Governor of Hong Kong with regard to the procedure to be adopted in the administration of the Special Fund which has been opened on account of the repayments of interest and principal of the Loan of £1,100,000 made by the Government of Hong Kong to the Viceroy at Wuchang. 2. I would point cut in the first place that in adopting the rate of 3 per cent as the interest to be paid on advances made in respect of the Railway from the Special Fund, Sir M. Nathan has apparently overlooked the fact that the rate of interest which the Colonial Government is paying for its Stock Loan is somewhat higher viz. shout £5.13/- per cent and it is obvious that the Railway Account should be charged at the same rate for advances made to it for construction. 3. The proposals which we had made with regard to the fund are embodied in the following correspondence which has passed between ourselves and the Colonial Under Secretary of State Government &c &c &c Colonial Office
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H.Kong

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

GROWN AGENTS FOR THE COLONIES,

THE ABOVE REFERENCE AND THE

DATE OF THIG LETTER BEING QUOTED.

TEL, ADD. CROWN, LONDON"

Enclosures

Hong Kong

REC

30971

IRE. 22 AUC 06

WHITEHALL GARDENS,

542

LONDON, S. W.

21st August

190 6.

Sir,

I have the honour to acknowledge the receipt of your letter of the 13th instant No.27897/1906 enclosing a copy of a despatch from the Governor of Hong Kong with regard to the procedure to be adopted in the administration of the Special Fund which has been opened on account of the repayments of interest and principal of the Loan of £1,100,000 made by the Government of Hong Kong to the Viceroy at Wuchang.

2. I would point cut in the first place that in adopting the rate of 3 per cent as the interest to be paid on advances made in respect of the Railway from the Special Fund, Sir M. Nathan has apparently overlooked the fact that the rate of interest which the Colonial Government is paying for its Stock Loan is somewhat higher viz. shout £5.13/- per cent and it is obvious that the Railway Account should be charged at the same rate for advances made to it for construction.

3. The proposals which we had made with regard to the fund are embodied in the following correspondence which has passed between ourselves and the Colonial

Under Secretary of State

Government

&c &c &c

Colonial Office

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