CO129-337 - Public Offices & Foreign Office - 1906 — Page 571

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

562

year.

And yet the railway is not pledged, simply the three Provinces' own prepared opium excise stands as security: no right of interference with any rights is granted. This loan, principal and interest is repayable in 10 annual instalments, none of which exceeds $100,000 odd. The three Provinces share it in 7ths, Hunan and Kuangtung taking up 3 sevenths each and Hupei 1 seventh.

The stipulated rice excise for charitable relief of the two lu annually brings in 7 or 8 hundred thousand. The Canton Viceroy I-sen undertakes the provision of actual funds to meet his share and besides in Kuangtung has the profit on running the completed line, some two or three lacs of Taels a year. Thus there are ample funds to meet the general loan charges. The Agreement also provides that at any time after 5 years China may if she chooses pay off the whole balance due; so once there are funds to redeem there can be no obstruction or trouble. As to the prepared opium excise serving as security, in all previous loans there have been security funds. In all finance measures every fund is part of the State's revenue and simply because this is a newly raised fund of late years is it for the time being in a separate category utterly dissimilar in nature and importance from the long established regular Treasurer's and customs' funds and the likin office's funds which affect the whole province.

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562 year. And yet the railway is not pledged, simply the three Provinces' own prepared opium excise stands as security: no right of interference with any rights is granted. This loan, principal and interest is repayable in 10 annual instalments, none of which exceeds $100,000 odd. The three Provinces share it in 7ths, Hunan and Kuangtung taking up 3 sevenths each and Hupei 1 seventh. The stipulated rice excise for charitable relief of the two lu annually brings in 7 or 8 hundred thousand. The Canton Viceroy I-sen undertakes the provision of actual funds to meet his share and besides in Kuangtung has the profit on running the completed line, some two or three lacs of Taels a year. Thus there are ample funds to meet the general loan charges. The Agreement also provides that at any time after 5 years China may if she chooses pay off the whole balance due; so once there are funds to redeem there can be no obstruction or trouble. As to the prepared opium excise serving as security, in all previous loans there have been security funds. In all finance measures every fund is part of the State's revenue and simply because this is a newly raised fund of late years is it for the time being in a separate category utterly dissimilar in nature and importance from the long established regular Treasurer's and customs' funds and the likin office's funds which affect the whole province. Further 4

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562 year. And yet the railway is not pledged, simply the three Provinces' own prepared opium czolso stends as security: no right of interference with any rights is granted. This loan, principal and interest is repayable in 10 annual instalments, none of which exoceds $100,000 odd. The three Provincos share it in 7ths, Hunan and Kuangtung taking up 3 sero ths each and Hupci 1 seventh. The stipulated rice oxcise for chari- table relief of the two lu annually bringe in Fla *7 or & hundred thousand. The Canton Vicoroy Is'en undertakes the provisions of actual funds to meet his sharo and besides in Kuangtung has the profit on running the completed line, some two or three lace of Taols a year. Thus there are amplo funds to meet the general loan charges. The Agreement also provides that at any time after 5 years China may if she chooses pay off the viole balance due; so once there are finds to redeem there can be no obstruction or trouble. As to the prepared opium excise surving cu security, in all previous loans there have been security funds. In all finance measures every fund is part of the State's revenue and simply because this de a newly raised fund of late years is it for the time being in a separate category utterly dissimil- ar in nature and importance from the long established rogular Treasurer's and customs' funds and the likin office's funds which affect the whole province. Further 4

2026-06-02 15:00:31 · Baseline

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562

year.

And yet the railway is not pledged, simply the three Provinces' own prepared opium czolso stends as security: no right of interference with any rights is granted. This loan, principal and interest is

repayable in 10 annual instalments, none of which exoceds $100,000 odd. The three Provincos share it in 7ths, Hunan and Kuangtung taking up 3 sero ths each and Hupci 1 seventh.

The stipulated rice oxcise for chari- table relief of the two lu annually bringe in Fla

*7 or & hundred thousand. The Canton Vicoroy Is'en undertakes the provisions of actual funds to meet his sharo and besides in Kuangtung has the profit on running the completed line, some two or three lace of Taols a year. Thus there are amplo funds to meet the general loan charges. The Agreement also provides that at any time after 5 years China may if she chooses pay off the viole balance due; so once there are finds to redeem there can be no obstruction or trouble. As to the prepared opium excise surving cu security, in all previous loans there have been security funds. In all finance measures every fund is part of the State's revenue and simply because this de a newly raised fund of late years is it for the time being in a separate category utterly dissimil-

ar in nature and importance from the long established rogular Treasurer's and customs' funds and the likin office's funds which affect the whole province.

CO129-337 - Public Offices & Foreign Office - 1906 — Page 571

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