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$5,000,000 Hongkong currency, and the time to complete about four years from the date of commencement.
4.
The Company is anxious to proceed with the work as quickly as possible, but in view of the large additional
amount involved, and its national importance not only to the Colony of Hongkong, but to the Empire, feel that we should get some little assistance from the Hongkong Government.
5.
The method we propose is this:-
The Hongkong Government to place the necessary amount for the construction of the dock during its construction, and for a period of ten years thereafter on deposit with The Hongkong
Shanghai Banking Corporation at Hongkong getting their fixed deposit receipts. Interest will be paid at four per cent for this deposit. We in turn will arrange with the Hongkong Bank to advance us the money on terms to be arranged by us with them.
The Hongkong Government will therefore be safeguarded as to the capital and interest of the loan.
6. We enclose a plan of our main Dockyard at Kowloon, shewing the site of the proposed dock, and will be glad to give you any further information on the subject that you may deem necessary.
Sir Paul Chater and Mr. Dyer will be in this country until early in October. Should you wish to see us on this
matter
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