74
paid only on the net profits, if any, derived from the Agencies. In calculating the profits the Agencies must be regarded as a whole, i.e. the deficits occurring in these Agencies which do not pay their way must be deducted from the profits accruing from other Agencies.
4 The point raised in para 4 of the despatch with regard to the transit charges over the Siberian route is being referred to the G.P.O.
5 Lord Elgin will be glad to receive an answer to this letter at their Lordship's early convenience.
I am &c
Sun Joh. 22.11.97.
To Thank
with
Anod!
1679% 18
ce
Eings
th
8 Fan: gos.
dinated to forward a copy of a despatch from the Governor of Hong Kong with regard to the British Postal Agencies in China together with a letter which has been addressed to the Treasury on the subject.
2. His Lordship will be glad
74
paid only on the net profits, if
any,
derived from the Agencies. In
calculating the profits the Agencies F27
wust be regarded as a whole, i.e. á
IIEX the deficits eccurring in
these Agencies which do not pay
their way must be deducted fremA
the profits accruing from other
Agencies.
4 The point raised in para
4 of the desp with regard to the
transit charges over the Siberian
route is being referred to the
G.P.O.
5 Lord Elgin will be glad to
The See ĥ
8
2:
receive an answer to this letter
at their Lordship's early cen-
venience.
I am &c
Sun Joh. 22.11.97.
To Thank
with
Anod!
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8 Fan: gos.
dinated {
to forward torm
laid befne the
the end
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copy of a desp: from
the fort of Hong Kong
with regard
eat
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the
British
Postal Agencies in
China
a
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стри д
wh. has
letter
hen addressed!
to the Treasury o the subject
2. His Lordship will G. glad
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