CO129-452 - Others & Individuals - 1918 — Page 480

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carried through promptly to a satisfactory conclusion. This is

475

very important for many schemes have suffered through

difficulties in completing the work. The National Electric Construc-

tion Company informed me that they would not embark on a

scheme of this kind before they had at their command all the

resources necessary to complete it, and that the firm's

reputation made it essential that if they took the work in

hand they must make an entire success of it.

Though the proposed Hong Kong South Land and Railway Ce.

would be an English Company endeavours would be made to secure a

part of the Capital from Hong Kong, and with it local intereste.

local

It is new believed this Capital will be more readily obtained for

this new development scheme if the new Company is an English Company

having the backing and security of a first class English firm, which

itself is backed by reliable and influential interests. In the

event of Hong Kong Capital not being available however this would

not affect the carrying out of the scheme and no doubt, as develop-

ment followed the opening of the railway, local capitalists would

desire to participate. Such participation would be welcomed for

a controlling principle of the Company would be to work in complete

harmony with the Hong Kong Government and local interests; in fact

this is a primary condition for rapid and successful development,

For the foregoing reasons I trust the action proposed

will meet with The Governor's entire approval and should there

still be any question to be considered or any point elucidated

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before the Agreement be signed the matter will be given immediate

attention on hearing from you. It would be an advantage if a copy

of this letter could be included in the correspondence being sent to

Hong Kong.

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I am, Sir,

Your Obedient Servant,

8.1. Williams.

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