CO129-356 - Governor Sir Lugard - 1909 [4-6] — Page 511

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.174.

No.

Hongkong.

My Lord,

C.O. 24731

102

497

ALGP24 JUL 09

Government House,

Hongkong, 21st. June, 1909.

With reference to paragraph 7 of

mo.

the Comptroller and Auditor-General's report enclosed in

Your Lordship's Despatch No. 84 of the 14th. ultimo,

I

73600

have the honour to state that the loan to Tsang Keng, the

Contractor engaged on the Kowloon Waterworks now stands as

follows:-

Balance of advance made to Tsang Keng...$11,500

Repayment made on 26th.April,1909.. 2,000

$9,500

Repayment made on 16th.June,1

1909.

500

$9,000.

Interest has been paid on the loan up to 11th. June,

2.

1909.

I agree with the Comptroller and

Auditor-General that the principle of financing a Contract-

-or with Goverment money is open to objection: and I have

taken steps to prevent this case from being drawn into a

precedent.

HE RIGHT HONOURABLE

THE EARL OF CREWE,

&c.

$

800.

3.