CO129-376 - Governor Sir Lugard - 1911 [3-4] — Page 594

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

Ithe deep is

Aminono

But putting it at $120,000 for capital expenditure, this means

£ 10500 at 1/9.

<

On My Lindsey's Figmes I mocking expenses

$12.045 Sudhi's proposed interest

ود.

on the capital cost (which

seems or an excessive amount to alwr)

the annual expenditure maks out at

£1788 (20445).

The

Earnings

^^^

put at $20, 900, on that sen akorning,

LA

thave done, pe some

excers in the

cost of hilding & to 7% interest an capital, the line might pay it's

way.

I won't see the food Inferning to the Cons. Engmanis

there is not enough

technical wift or details tornable them to form a saluable opinion.

On the whole Lam inclined to recommend

that the proposal sus he approvd.

Her is sened I Wank that

Twitte or mor oper tom can't chorst- the 410 taking

581

As for the finance / the constinction, i 1

I take it the branch live must pay main

tim for the material then our, rahued at

$410955 there will be of 44027

The advanced : call it & 100,000

be

$

at last.

It Special account will be getting putty tangled hat that can't to helped.

The Colony pays 3/20 20

a money ads and

to it from the Special account for the Main Line constinction. I do not see why the trauch lie sad pay more. His note

mure matter of accounting (cc. peper hansactions) for this reason

a prospect of the hire paying its

dren, my the with sexenne

x

there is

way: is it

after deducting interest & working expenses will be assessable to mal try contribution (for the accounts an to be kept separate from the main line). In that case, interest

at 7% might nince the ant resemme to wil while the interest paid into the

special fund is hible to mihtay

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