CO129-353 - Public Offices - 1908 — Page 507

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

503

Formerly when I was in office in Hupei, I had long proposed to raise a loan for the construction of the line in that province, and had definitely discussed it with the British Consul-General and informed the Board of Foreign Affairs. The only result was that it was pigeon-holed by the Board, and the matter was shelved for the time being.

I now hear that the Board of Communications say they have received a telegraphic reply from His Excellency Ch'ên to the effect that he wishes the financial management to be left to the Board. His Excellency is constrained to this by absolute lack of funds. Assuredly he is not trying to saddle the Board with the task. I have now arranged satisfactorily with the Wai Wu Pu to sanction such a loan on the unalterable understanding that it will rest with Hupei province to make the necessary arrangements.

The Railway to be constructed in Hupei on the north side of the River Yangtze is to start from Hanyang and proceed by way of Shasi through to Ching Mên; from Ching Mên the line is to split up into two branches, one proceeding west to Ichang to join the Szechuan-Fankow, and the other going north from Ching Mên through Hsiang-Yang to Hsiang-Shui to join the Peking-Hankow, the approximate length of the two lines would be 1600 li, and the estimated cost of construction would average twenty thousand taels per li, necessitating an expenditure of about three million, two hundred thousand taels.

When I was formerly in Hupei, I made proposals to British financiers for a loan of two million pounds, which, reckoned at the present sterling rate of exchange, comes to sixteen million taels. For raising the balance, the rent-rate system which it is now proposed to introduce in Hunan should, I suggest, be employed; this would yield one million taels per annum, or a total of 5,000,000 taels in five years. All such additional levy should entitle to issue of share certificates representing...

10,0002,000,0006,000,000 ,000,000 ... ,200,000

Page 504

becomes

503

10,000 2,000,000 6,000,000 000 1,000,000

Formerly when I was in office in Hupei, I had long proposed to raise a loan for the construction of the line in that province, and had definitely discussed it with the British Consul-General and informed the Board of Foreign Affairs. The only result was that it was pigeon-holed by the Board, and the matter was shelved for the time being.

I now hear that the Board of Communications say they have received a telegraphic reply from His Excellency Ch'ên to the effect that he wishes the financial management to be left to the Board. His Excellency is constrained to this by absolute lack of funds. Assuredly he is not trying to saddle the Board with the task. I have now arranged satisfactorily with the Wai Wu Pu to sanction such a loan on the unalterable understanding that it will rest with Hupei province to make the necessary arrangements.

The Railway to be constructed in Hupei on the north side of the River Yangtze is to start from Hanyang and proceed by way of Shasi through to Ching Mên; from Ching Mên the line is to split up into two branches, one proceeding west to Ichang to join the Szechuan-Fankow, and the other going north from Ching Mên through Hsiang-Yang to Hsiang-Shui to join the Peking-Hankow, the approximate length of the two lines would be 1600 li, and the estimated cost of construction would average twenty thousand taels per li, necessitating an expenditure of about three million, two hundred thousand taels.

When I was formerly in Hupei, I made proposals to British financiers for a loan of two million pounds, which, reckoned at the present sterling rate of exchange, comes to sixteen million taels. For raising the balance, the rent-rate system which it is now proposed to introduce in Hunan should, I suggest, be employed; this would yield one million taels per annum, or a total of 5,000,000 taels in five years. All such additional levy should entitle to issue of share certificates representing...

1,200,000 destače a og da I ni

Page 504

Edit History

2026-06-07 07:17:48 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct
Live
View comparison
AI Proofread
503 Formerly when I was in office in Hupei, I had long proposed to raise a loan for the construction of the line in that province, and had definitely discussed it with the British Consul-General and informed the Board of Foreign Affairs. The only result was that it was pigeon-holed by the Board, and the matter was shelved for the time being. I now hear that the Board of Communications say they have received a telegraphic reply from His Excellency Ch'ên to the effect that he wishes the financial management to be left to the Board. His Excellency is constrained to this by absolute lack of funds. Assuredly he is not trying to saddle the Board with the task. I have now arranged satisfactorily with the Wai Wu Pu to sanction such a loan on the unalterable understanding that it will rest with Hupei province to make the necessary arrangements. The Railway to be constructed in Hupei on the north side of the River Yangtze is to start from Hanyang and proceed by way of Shasi through to Ching Mên; from Ching Mên the line is to split up into two branches, one proceeding west to Ichang to join the Szechuan-Fankow, and the other going north from Ching Mên through Hsiang-Yang to Hsiang-Shui to join the Peking-Hankow, the approximate length of the two lines would be 1600 li, and the estimated cost of construction would average twenty thousand taels per li, necessitating an expenditure of about three million, two hundred thousand taels. When I was formerly in Hupei, I made proposals to British financiers for a loan of two million pounds, which, reckoned at the present sterling rate of exchange, comes to sixteen million taels. For raising the balance, the rent-rate system which it is now proposed to introduce in Hunan should, I suggest, be employed; this would yield one million taels per annum, or a total of 5,000,000 taels in five years. All such additional levy should entitle to issue of share certificates representing... 10,0002,000,0006,000,000 ,000,000 ... ,200,000 Page 504 becomes 503 10,000 2,000,000 6,000,000 000 1,000,000 Formerly when I was in office in Hupei, I had long proposed to raise a loan for the construction of the line in that province, and had definitely discussed it with the British Consul-General and informed the Board of Foreign Affairs. The only result was that it was pigeon-holed by the Board, and the matter was shelved for the time being. I now hear that the Board of Communications say they have received a telegraphic reply from His Excellency Ch'ên to the effect that he wishes the financial management to be left to the Board. His Excellency is constrained to this by absolute lack of funds. Assuredly he is not trying to saddle the Board with the task. I have now arranged satisfactorily with the Wai Wu Pu to sanction such a loan on the unalterable understanding that it will rest with Hupei province to make the necessary arrangements. The Railway to be constructed in Hupei on the north side of the River Yangtze is to start from Hanyang and proceed by way of Shasi through to Ching Mên; from Ching Mên the line is to split up into two branches, one proceeding west to Ichang to join the Szechuan-Fankow, and the other going north from Ching Mên through Hsiang-Yang to Hsiang-Shui to join the Peking-Hankow, the approximate length of the two lines would be 1600 li, and the estimated cost of construction would average twenty thousand taels per li, necessitating an expenditure of about three million, two hundred thousand taels. When I was formerly in Hupei, I made proposals to British financiers for a loan of two million pounds, which, reckoned at the present sterling rate of exchange, comes to sixteen million taels. For raising the balance, the rent-rate system which it is now proposed to introduce in Hunan should, I suggest, be employed; this would yield one million taels per annum, or a total of 5,000,000 taels in five years. All such additional levy should entitle to issue of share certificates representing... 1,200,000 destače a og da I ni Page 504
Baseline (Original)
..... 503 |0,000 2,000,000 6,000,0 000 ,000,000 Formerly when I was in office in Hupei, I had long proposed to raise a loan for the construction of the line in that province, and had definitely discussed it with the British Coneul-General and informed the Board of Foreign Affairs. The only result was that it was pigeon-holed by the Board, and the matter was shelved for the time being. I now hear that the Board of Communications say they have received a telegraphic reply from Wis xcellency ch'ên to the effect that he wishes the financial manage- ment to be left to the Board. His Excellency is constrained to this by absolute lack of funds. Assuredly he is not trying to saddle the Board with the task. I have now ar- rangod satisfactorily with the Wai Wu Pu to sanction Buch a loan on the unalterable understanding that it will rest with Hupei province to make the necessery arrangements. The Railway to be constructed in upei on the north sido of the River Yangtze is to start from Hanyang and proceed by way of Shani through to Ching Yên; from Ching Mên the line is to split up into two branches, one proceed- ing west to Ichang to jointhe Seuchuan-Fankow, and the other going north from Ching Vên through Hsiang-Yang to Ruang-Shui to join the Peking-Hankow, the approximate length of the two lines would be 1600 11, and the estimated cost of construction would average twenty thousand tacls per 11, necessitating an expenditure of about three mil- lion, two hundred thousand tnels. Then I was formerl Hupei, I made proposals to British financiers for a loan of two million pounds, which, reckoned at the present sterling rate of exchange, comes to sixteen million taels. For raising the balance, the rent-rate system which it is now proposed to introduce in Hunan should, I suggest, be employed; this would yield one million taels por ennum, or a total of 5,000,000 taels in five years. All such addi- tional levy should entitle to issue of share certificates ,200,0 000 destače a og da I ni representing
2026-06-07 07:17:48 · Baseline
View content

.....

503

|0,000

2,000,000 6,000,0

000

,000,000

Formerly when I was in office in Hupei, I had long

proposed to raise a loan for the construction of the line

in that province, and had definitely discussed it with the

British Coneul-General and informed the Board of Foreign

Affairs. The only result was that it was pigeon-holed by

the Board, and the matter was shelved for the time being.

I now hear that the Board of Communications say they

have received a telegraphic reply from Wis xcellency

ch'ên to the effect that he wishes the financial manage-

ment to be left to the Board. His Excellency is constrained

to this by absolute lack of funds. Assuredly he is not

trying to saddle the Board with the task. I have now ar-

rangod satisfactorily with the Wai Wu Pu to sanction Buch

a loan on the unalterable understanding that it will rest

with Hupei province to make the necessery arrangements.

The Railway to be constructed in upei on the north

sido of the River Yangtze is to start from Hanyang and

proceed by way of Shani through to Ching Yên; from Ching

Mên the line is to split up into two branches, one proceed-

ing west to Ichang to jointhe Seuchuan-Fankow, and the

other going north from Ching Vên through Hsiang-Yang to

Ruang-Shui to join the Peking-Hankow, the approximate

length of the two lines would be 1600 11, and the estimated

cost of construction would average twenty thousand tacls

per 11, necessitating an expenditure of about three mil-

lion, two hundred thousand tnels. Then I was formerl

Hupei, I made proposals to British financiers for a loan

of two million pounds, which, reckoned at the present

sterling rate of exchange, comes to sixteen million taels.

For raising the balance, the rent-rate system which it is

now proposed to introduce in Hunan should, I suggest, be

employed; this would yield one million taels por ennum, or

a total of 5,000,000 taels in five years. All such addi-

tional levy should entitle to issue of share certificates

,200,0

000

destače a og da I

ni

representing

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.