CO129-485 - Governor Sir Stubbs - 1924 [8-12] — Page 160

Copy.

No.1 in 750/1917.

gir,

Enclosure 6.

143

Colonial Secretary's Office, Hongkong,

let August, 1924.

With reference to your letter of the 14th

July, and the interview which I had with the trustees and

others at this Office on the 26th July, I am directed to

inform you that after careful consideration of the whole

question of the Sailors' Home the Governor-in-Council has

decided that subject to the consent of the Secretary of

State for the Colonies the Trustees (to be constituted by

law) should be offered the site for the new Sailors' Home

at Kowloon Point and a sum of £900,000 for building and

fumishing it, any balance to be used for purposes of an

endowment fund.

The lease to be granted for so long as the

property continued to be used as a Sailors' Home,

Money would be advanced by the Govemment as required for the building, interest not being payable on the balance of the sum of 2800,000 in the hands of the

Government at any time.

On the completion of the building the present home at West Point would be vacated and the land handed over to the Government.

I am to request you to be so good as to let me know at an early date whether the above terms are accepted by the trustees in order that the matter may be referred to the Secretary of State for the Colonies.

I am,

(Sd.) Claud Severn,

&c..

B. D. F. Beith, Esq.,

Colonial Secretaryt

Messrs. Jardine, Matheson & Co.