CO129-376 - Governor Sir Lugard - 1911 [3-4] — Page 386

[A.520

where, only the net earnings fouch ranhways 5.15.40 atti deducting the total cost & maintenance p.14 of W. and, if a loan be mised, If interest romiking fund, who he nichaded in the resine contribution purposes.

for

A Kong

was again left out of common when in 1904 too. &tuasing agreed that in the case of railways

of bilt from revenue 4% & capital expenditure

sad he deducted from gros urcume

the assessable racting

Ижтив

in computing

The W.0. Then

4.0.6

to apply the

p.40.

the other

Vint[

Trasmy

said. "The Council id. also propose same principle to in the case of the

Karten Colonies". The Treasury agred to this general pinciple, which was cotidied in the order of the three colonies then possessing saitway 1. Cayton. Straits, Mauritius.

A

I do not think that the Treasury the 2.0. can or

with mine. ation to it kong ping treated

ang in accordance with these anangamento. But

with

Sir 7. hugard ratherally is not regummited

them & hence he has rather" "gone off the sails

in this despatch, especially

contribution

h

on good milong

to paying there

restimi l

Laur

There may

373

be some slight difficulty in connexion

with the deduction of sinking fund interest on the town since the cires an so say pearlier.

You will remember that in 1905, while negotiation were proceeding

to the Wan apeement for

the Chinese section of the Carston Kowloon Railway, the Keeroy & Wonchang ingently regained a tan to buy out the Amension (Purport Morgan) interest in the Canton - Meukow Line). As Iguat

A

tho 70. remarked, though the matter was

to British interests in China, importines it was quite useless to ark the Treesany produce the money. It King accordingly advances £ 1,100,000 to the Kerry, (bermond from C.H.) which is bring repaid in gearby mistalment & £110,000 phes interest at

41270.

for some mason

which I compers / Do not under-

stand, the C.A. proposed & Lad Elgin approved

A

scheme whenly

whenly all manego ue? from

The

Keeroy are paid to the CA. for a quical fund from which

(af

the interest on the stock wired to provide the Z 1,100,000, is paid.

(b) the cassetruction money regained for the British