504
representing commercial shares, and an deficit still outstanding could be met by calling for share subscriptions. Should there still be a deficit, it would be quite easy to raise a further loan from British financiers on the security of the earnings of the line itself. The adoption of the above proposals would, by ensuring abundance of loan capital, accelerate the completion of the work. After, when the line was finished, the advantages of it would be felt by the Hupei public, the mercantile community would reap the benefit and it would be a feather in Viceroy Chien's cap. It is indeed a perfect scheme.
Since I have been honoured with the Imperial appointment to devise a complete scheme for the three provinces, after mature consideration and my familiarity with Hupei's position assure me that only thus can Hupei's people be blessed and her difficulties relieved. I have bestowed special pains in drawing up this detailed report, and I sincerely and earnestly hope that His Excellency Viceroy Chien, and all the officials in the various Departments and Bureaux, as well as the leading gentlemen in the province of Hupei, will thoroughly debate the scheme, and that His Excellency will favour me with the result of their deliberations promptly by telegraph.
If this line is to be subject to the management of the Board of Communications, Hupei will only get the construction of the one money-losing line from Ichang to Yochow, and the resulting gross injustice to Hupei in the loss of a certain profit and the deprivation of an opportunity for prosperous expansion is diametrically opposed to my own wishes.
The difficulties in connection with the line in the two provinces of Hunan and Hupeh are endless. The Board has passed them on to me, but my trifling talents are...
504
representing commercial shures, and an deficit still
outstanding could be met by calling for chare subscrip-
tions. Should there still be a deficit, it would be quite
easy to raise a further loan from British financiers on
the security of the earnings of the line itself. The
adoption of the above proposals would, by ensuring abun-
dance of loan ospital, accelerate the completion of the
work. After, when the line was finished, the advantages of
it would be felt by the Hupel public, the mercantile com-
munity wold reap the benefit and it would be a feather in
Viceroy Chiên's cap. It is indeed a perfect scheme.
men!
Since I have been honoured with the Imperial appoint-
device & c mplete scheme for the three provinces,
mature consideration and my familiarity with Hupei's posle
tion asSUTO ME that only thus can upei's people be blessed
und her difficulties relieved. I have beloved special
pains in drawing up this detailed roport, and I sincerely and earnun÷ly hope that His Excellency Viceroy Chiên, and
All the officials in the various Departmenat and Bureaux,
as well as the leading gentlemen in the province of Hupei,
will thoroughly debate the scheme, and that His Excellency
rill favour me with the result of their deliberations
promptly by telegraph.
If this line is to be mibject to the manager:ut of
the board of Communications, Rupel will only get the con-
atruction of the one money-losing line from uchang to
Yochou, and the resulting gross injustice to Hupei in the
1 ss of a certain profit and the deprivation of an oppor-
tunity for prosperous expansion is diametrically opposed
to my own wishes.
The difficulties in connection with the line in the
two provinces of Hunan and hangtung are endless. The
Board has passed them on to me, but my trifling talents
are
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