CO129-463 - Governor Sir Stubbs - 1920 [10-12] — Page 290

:

Copy.

or al die bпatnoo of ser

283

Ti: id diet od voda sie odnamɔoubni Jneiolitua

promo di

Į

„deinvolt of batosqre eď toɑnso smes adt zoning

ed don Ivorte solang on -niqyida deiðina Jadi Tabla

1.

4. _mitlid ote reinegloo manyıda aranıyob ned: semit esant

D

八

[flw /

A

MAJIT? cosim,[Iiw Ea? #19897 BVOLTIONS

L

MUA PLUSAHoo elfiomni emodef,batatao?

olve atma

da reï end ni qilsioəqsə‚STRİNİ

J

MENYOW Bild 30 mзly wi

co bre flat (divni atanwo off doide to d ́agast

Davon arid men. [looxź sill dart sqor stammo add,cold (Iritmajadue viet of ver nid aro

Baratto rom

At sa croni

To nuorisst niet delive BINTO BIT

PATĮ (KCİTS.. Tik de yer aföln-cg yteve ni Jnemisvoù Idepneser Vino for ni duuuper Jnsasng Tiedt derid rabiemoo breast mittuq ni heitij-pj ere yada se dove ceonetariozło Jasseng and 19 LOU doark trouper reikinci o sden, of eri asů examwo vứt dojde nění roční trvat od svintroyri lativ to meb osle yarij

13 sd suger misdi danas mon) evitað esetqoz e Jeds si ada to siti moc-fne arið að vontavou and panellooza si♫ vď Jess tad vid ni ydayu aid to ban asllendao0 smigginƐ nobnoj

and seibuten, Juortir maddivu vi rodiel sift beritance ad Jon Jeum bar Araqeer vrave mi adıklı 'arAMWO

-paw yun ni qoienirke na

Janderel & tien-

*f**

„t Ved gi

Gentlemen,

Colonial Secretary's Office,

Hongkong, 15th April, 1918.

I am directed to acknowledge the receipt of

your letter of the 11th April regarding the local shipping requisition scheme.

2.

You were informed at the meeting held on the 28th March that this Government has definite instructions "to see that remuneration of colonial registered vessels is "not appreciably higher or lower than that of competing "vessels registered in the United Kingdom". The remunera- tion payable in respect of the latter class of vessels is, it is understood, under discussion; but this Goverment is advised that the rate actually in force is appreciably lower than that now offered to your clients. In the circumstances this Government is precluded, by its instructions, from offering more favourable terms than those which have been put before you; but it will watch closely the progress of negotiations in the United Kingdom, in order that any con- cession made there may be introduced also in the local scheme.

I'may state, however, that this Government is unable to accept the figures which you have put before it. In the case of the S.S. "Telemachus" for instance the owner's commission is reckoned upon the sum of 345,907; whereas it would in fact, under the calculation given, be payable on a sum of 858,800. Depreciation is allowed for upon a value of 8600,000 or roughly £90,000; whereas, apart altogether from the question whether or no depreciation is a proper charge, it is customary to take the value, for purposes of depreciation, as the purchase price plus renewals less the amount already

ere. Deacon, Looker, Deacon & Herston,

Solicitors, Hongkong.

!