21220
to Oke of 'RADIO% adot : mt
H MOO.TROS KOMAD
1
Bonds could now be issued at 102, the Canton Kowloon Railway was considered as a decidedly inferior security.
H.E. T'ANG SHAO YI absolutely declined to consider this offer. He was not prepared to conclude a contract on the fixed commission basis, nor would the Chinese Government agree to allow participation in profits.
even at the price which,
200
wildes to go unt
He understood, the Corporation had previously suggested it would not make an agreement the Chinese Government being in a position to command better terms elsewhere. T'ang intimated that if the Corporation's terms were finally unacceptable to the Chinese Government, it would be justified in financing the railway in other quarters and observed that the terms now offered were conceded solely in recognition of the right conferred by the preliminary agreement - he laid stress on the liberal terms given by the Government of Hongkong in the loan to H.E. Chang Chih-Tung last year.
MR. BLAND stated that in accepting several important modifications of the conditions properly claimable under the preliminary agreement, the Corporation was earnestly endeavouring to place its relations with the Chinese Government on a footing of mutual interest and goodwill.
Should these endeavours prove to be unavailing, the only possible course would be to return to the original terms of the Concession which had received the Imperial Sanction and was therefore binding. He hoped, however, that the present negotiations would result in an amicable settlement of the matter. With a view to facilitating the same, he would urge upon the directors the advisability of making the most liberal offer possible, compatible with the prospect of a reasonable profit and reimbursement of expenses of the Loan issue.
At the same time the Chinese Government would no doubt recognise the justice of the Corporation's claim to be compensated for the annulment of its rights to participation in the profits of the enterprise, rights enjoyed under the several railway agreements.
Gufgel
21220
to Oke of 'RAD10% adot : mt
H MOO.TROS KOMAD
1
Bonds could now be issued at 102, the Canton Kowloon Railway was considered as a decidedly inferior security.
H.E. T'ANG SHAO YI absolutely declined to consider this
to allow participation in profits.
offer. He was not prepared to conclude a contract on the fixed commission basis, nor would the Chinese Government agree
Iven at the price which,
200
wildes to go unt
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he understood, the Corporation had previously suggested (93) it would not make an agreement the Chinese Government being in a
1.3. Teang position to command better terms elsewhere. intimated that if the Corporation's terms were finally unacceptable to the Chinese Government, it would be justified in financing the railway in other quarteraand observed that the terms now offered were conceded solely in recognition of the right conferred by the preliminary agreement - he laid stress on the liberal teras given by the lovernment of Hongkong in the loan to H.E. Chang Chih-Tung last year.
MR. BLAND stated that in accepting several important modifications of the conditions properly claimable under the preliminary agreement, the "orporation was earnestly endeavour- ing to place ite relations with the Chinese Government on a
Should t ese footing of mutual interest and goodwill.
J
with a
endeavours prove to be unavailing, the only possible course would be to return to the original terms of the Concession which had received the Imperial Sanction and was therefore that the present n gotiations binding. He hoped, however would result in an amicable settlement of thematter. view to facilitating the same he would urge upon the directors
the advisability of making the most liberal of the corporation offer possible, compatible with the pros pect of a reasonable
At the profit and reimbursement of expenses of the Loan issue. same time the Chinese Covernment would no doubt recognise the justice of the Corporation's claim to be compensated for the annulment of its rights to participation in the profits of the enterprise, rights enjoyed under the several railway)
agreement#
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