CO129-385 - Public Offices - 1911 — Page 151

Enclosure in his John Joopane to 30% of September 1901911.

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Letter from The Ministry of Posts and Communicatie

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Sir John Jordan.

September 18, 1911

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sir,

IT NOV 1911 Article 4 of the Hongkong Government Loan Agreement for

the Redemption of the Canton-Hankow Hallway signed on Septem-

ber 9, 1905 states as follows:-

"All payments of interest and repayments of princi-

pal shall be made in accordance with the amounts and dates of

the schedule attached to this Agreement to the Treasurer of

Hongkong at Hongkong etc.

2

Now the 5th instalment of principi viz. £110,000 sterling, and interest viz. £12,375 sterling falls due on

October 6, 1911 representing a total sum of @ 172,375 sterling.

We have the honour to observe that the 1st, 2nd,,

3rd and 4th instalments have been paid over by the provinces

of Kwangtung, Hunan and Hupei respectively and hitherto these

three provinces respectively notified the Governor of long-

kong that the money would be paid over at the due date.

In the case of the present instalment viz. £122,375

our Ministry will make the payment instead of the three pro-

vinces and the Imperial Bank of Chins at Shanghai has been

instructed to prepare the necessary funds for handing over

to the Treasurer of Hongkong against his recaipt.

We have the honour therefore to request Your Excel-

lency to notify the Governor of Hongkong in advance so that

when the Imperial Bunk of China transmits the above sum of

£122,375 the amount may be checked and a receipt given in tha

terms "Roceived the 5th instalment of principal and interest

of the Canton-Hunkow Redemption Loan". This receipt will be

forwarded by the Bank in question to our Ministry.

Instructions in this sense have been sent to the Imperial Bank of China at Shanghai. At the same time we beg that Your Excellency will take note and act accordingly.

We have etc.

Ministers of the Ministry of Posts and Con-

munications.