CO129-481 - Governor Sir Stubbs - 1923 [8-12] — Page 398

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„CETILI YA MOO HAFORINT REJISHIW B'IMODRAM

„ESEI „redoto0 dƒAS prożaroł

•

„VIRJATDeð Íminolo)

antom sist To noidserswoo tuo of palme?of

-:7/8

(tvo Intomes a un griwollo? add Sirdum vllitjoeqser I tinne od gmilliw sď binow ow fożce robnu sneiðibnoo to „Anożnof! ni yoqangeled neolatke to dromgoloveb add videcoup diminish oð beragarą „estino to jeta ut (1)

trenqiupa odź do sisa Juşităm ada to? anoitapitioeqa

bær solvien badalogije a zabnet oð besðnerang noitadu

I droo a moqu to dosrdnoo Tabeu tertia drmiq eit doeTO

„nised apedresTaq

arid somenit of Indiqao Inool 19?w nłoj bloom of (S)

bros mieties rebnu noktada a to moideraqo brim mokJoote

a moltoimitando add sonant? „asvisstvo,bloom off (8)

unea eď bivoo d'andnevni quo ti noidada a to moitmego

madreregneris sidedium bom molausonoo svinulore me vď

Synolod add to inermevoð arð dáiw

JORDT TOT „vær dramniovoð oft .(†) gribergselt

noidade a dosta od sidasivba di tebienos „two mặt Yo

„#DİTOMĀ „OqOtok dżiw moldsoinumoo Joezib Yo siɗaqno diantoquet antaa of strained Jégim Jud „odo silenduck

reqanq eď bluow of vinaig a doi To reiteraqe oda vod

to Boronard eti ila ni moldadu add to erogeneli va doe

180 and to epednaoteq basrga na að oð VoldemanIMPORT

Stew seoivien [noimfost zuo vino i „10 .e#qienet Ta aldanonser a dremqture and to somanoðnism orið mi

„bedoeqre ed biwow

With regard to (2). The formation of a local Company might be considered in which the Government jointly with ourselves, or the Government jointly with local 391 capitalists, or any combination of these three interests, could participate. Under such a scheme the project would, naturally, have to be considered as a commercial under- taking to attract other than Government capital. however, the strategical importance of the station warrant- ed an investment and operating costs in excess of commercial limitations the Government might be found willing to subsidise the station until sufficient traffic could be developed to pay operating charges and a reasonable return

on the investment,

If,

Commenting on (3), If we are permitted to erect and operate, wholly for our own account, a station within Hongkong we would be prepared to guarantee the Colony a continuous wireless service of a character to be agreed

upon but would expect an exclusive license for a long term of years and a grant of land for the erection of our plant. In consideration of the foregoing we would be willing to pay to the Government, anually, a given percentage of the net receipts after making suitable allowance for capital charges and redemption.

I possess full authority to negotiate, and

conclude, an Agreement to furnish wireless service under either of the above headings, or any alternative which may be acceptable. Whilst in Hongkong I shall be pleased to discuss the subject with anyone interested or to answer, as impartially as my long association with the Marconi Company will permit, any question upon wireless matters.

When I return to Peking, as I probably will next week, I shall always be free to come to Hongkong for any discussion that may be difficult by correspondence.

I have, &c.,

(Sd.) A. H. Ginsan,

Representative for the Orient.