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To: The Under Secretary of State.
538
are satisfied that with the sympathetic co-operation of the Colonial Government, they will bring the matter to a satisfactory conclusion. The Promoters realise that it may be very difficult for the local Government officials to appreciate that the postALT. donditions are such that no precedent can be worked to, and though this is, doubtless, apparent to the Colonial Office, it
The may be necessary to make the situation clear to Hong Kong. existing conditions require the raising of a sum of over 2300,000.
The Promoters are prepared to raise the sum of £25,000 to be used to pay the deposit, and to cover ooste in floating the Company if they have the Government's assurance that a minimum of six clear months will be given, from the date the sum is raised, in which to procure the necessary capital for the development of the Company. This would enable a representative to be sent out to Hong Kong to arrange for a simultaneous flotation in the Colony and in this Country, Several gentlemen have expressed some of them well known to the Colonial Office themselves as satisfied with the scheme, and willing to come on the Board of Directora.
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Finally, I am to add that should the Government agree to these proposals, the Promoters would be prepared, as soon as the Agreement is signed, to arrange for a regular means of pubic motor transit between Victoria and Repulse Bay, pending the completion of the tramway, thus enabling the district to be
This is an undertaking made readily accessible, without delay.
which it is felt will go a long way in enabling His Excellency, the Governor, to deal with the matter to the satisfaction of all parties.
I have the honour to be,
sir,
Your obedient Servant,
Hervertsmuch.
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