CO129-471 - Public Offices - 1921 — Page 388

888

British Legation.

387

Peking.

July kath, 19 a.

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JOUST JUSA ve duela bna mali a 13 10 nalja vaso

eda to emit vid da awab bici voting and eð

bonfidential :

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Dpy tor bengkong.

Bir.

On receipt of your despatch No, 46

Confidential, of thị dând ultimo, 2 consulted Mr. May (8,

represent stive of the British and Chinese Corporation,

ne to the effect on the bondholders' interests of the

Measures proposed by you for the protection of the

Canton-Kowloon Railway,

it appears that the earnings of the Hailway

are at present barely sufficient to pay working spennen

and the suns das half-yearly for interest and mmortizatio

have to be met by the Ministry of Communications from

ether saard st.

The amounts are 176,530 per annua fer

amortization and a diminishing figur, which is now

about 135,000 per mous for interest. The Chinell e

devament here thus to find about $120,000 per ann

to meet the loan charges due to the bondholders; they

had great difficulty last month in mesting the half-

yearly payment than due and indeed were several days

Late in maiting payment.

if the Chinese Government ware giran the

eteuse that the Railway had passed out of their

control

by reason of my motion of the British authoritieb.

1. 1. Juni esan, mquire, 0.1.0..

it

Hão Maj otty's Censul-General,

UANTOL