CO129-460 - Governor Sir Stubbs - 1920 [1-4] — Page 284

dispensing with vale by auction.

This despatch goes a step freether

V

the foot. is getting undertatiing from

durers not to let to Chinese

Japanese.

It is accepted poling

in H. Kong that the Peach should

be reserved for Europeans.

the

law confines it experly to non-chinese

CONFIDENTIAL.

24630

RE 1 MAY 20

GOVERNMENT HOUSE.

HONGKONG. 19th March, 1920.

282

The extension of

the Eved pean alcan Apeement with owners

rather

by

by law

777 ay

be approved

But it

A a

bit awkward for

the

fort to

moke agreements Excluding the

Japanese by

π An

In future the agreement should be to let only to

Extreams, (hrough

•h we need not

interfere with what has been done?

Come thrines

318070

bb

Should be this in meis

possible Japanese protests.

protèce mentors we

H

the bland.

-

2

shall be pushed bodily

Seen by Lord Milner.

dr. 216

As propned. Her.

5/6/20.

My Lord,

{/

Gm 1-80116

.A.G.'ʼn Tel, of 14.8.19.

of 8.'s Tel. of 22.10.19.

With reference to the telegraphic correspondence

noted in the margin, I have the honour to report

that an arrangement has been made with the GN, 12 Humphreys Estate and Finance Company, Ltd. whereby, in considerat-

ion of a loan not exceeding $500,000 at 5%, repayable in fifteen

years, they have undertaken to build three blocks of flats, con-

taining 30 flats in all, for European occupation at an approxim-

ate cost of $750,000. I will forward a copy of the agreement,

when signed, and I will address Your Lordship separately on the

question of the extension of the system of Government leans for

building purposes.

2.

In Mr. Severn's telegram of the 14th August,

quoted above, it was mentioned that the Humphreys Estate and

Finance Company was negotiating the sale to Japanese of one of the

sites on which they are now about to erect flats for Europeans;

and the Company recently had a most advantageous offer from Japanese to purchase two large blocks of flats in the immediate

neighbourhood, which have hitherto been in exclusively European

occupation.

3.

I may refer in this connection to Sir Henry Kay's

confidential despatch of the 5th September, 1917, in connection

with the Peak District Reservation, and more especially to the

latter part of its sixth paragraph. In the early years of the

Colony

2063/7

THE RIGHT HONOURABLE

&C..

VISCOUNT MILNER, G.C.B.,

&C..

&c.