Enclosure 3 in Sis John Jordan's No. 414 November
со
4 DEC 1911 BEC 19
286
45285
to UM. JM a'anitol. ariel 180 at 8 aume Lord
Kemorandum.
39334
Rece
REGE & FC II
November 13th, 1911.
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On September 12th last "ls Majesty's Minister
received a letter from the Ministry of Ports and "OREur 1-
cationo stating that the sixth instalment of principal and
interest of the Hongkong Jovernment Loan Agreement for the
Redemption of the Canton-ankow Railway signed on September
9th, 1908, would be paid by them instead of the three pro-
vinces of Euangtung, Hunan and Pupel and that the Imperial
Bank of China at Shanghai had been instruated to prepare
the necessary funds for transmission to the Treasurer of
Hongkong.
Bubsequently in a second letter dated October 6th
the Ministry of Posts and Communications informed His
Majesty's Minister that for the payment of the sixth
instalment of £123,375 due on October 6th the sum of
£101,562.10 had been transzitted from the Tondon Branch of
the Yokohama fpecie tank to the Imperial Bank of China at
Shanghai and that the latter had been instructed to pur-
chase the balance in sterling at current rate and pay it
over on the due date.
The Governor of "ongkong was accordingly informed
by telegraph of the above arrangement and a despatch has
now been received from his announcing the payment on the
6th ultimo of the instalment dus.
With regard however to the question of payment fir Frederick
Lugard observes as follows:-
"This alteration by telegram of the method of payment
"on the very date of payment has caused some trouble
to
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