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(1).
Article 29A gives the right to construct certain
piers.
(J).
4.
Article 30 is now. The road to Deep Water Bay
from Aberdeen is now being constructed with a
clear width, apart from side drains and walls
where necessary, of 16 feet and it is probable
that before long it will be desirable to continue
it to Stanley and Tytam. In view of the exclu-
sive rights of transport granted to the promoters
it was considered equitable to provide that they
should contribute to the cost of widening and
constructing where necessary that portion of the
road which ran through their concession. $30,000
is approximately half the estimated cost of
widening the portion of the road from I to J and
to L and constructing a new road from ♬ to F.
(k). Articles 31 and 32 are new. Article 31 provides
for possible development. Article 32 protects
the Promoters from competition within the area
which is the subject of the agreement.
(1). Article 33 has been inserted in accordance with
the suggestion made in paragraph 2 of your des-
patch under reference.
(m). Articles 35 and 36 are formal.
I enclose a copy of the resolution passed by the
Legislative Council and you will observe that it concludes with
the words "on condition that the promoters furnish to the
"Government satisfactory proof of their financial ability to
"carry out the scheme". The promoters have not yet furnished
such proof. As far as I can learn it is not likely that they
will find the necessary financial support in the Colony. It is
probably their intention to endeavour to find it in London. It
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