CO129-492 - Governor Sir Clementi - 1925 [12] - 1926 [1-5] — Page 377

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& aquaoloni

.OSTINI: .00 TROHMAKTE OMAM 8 HOTZAD DHONDRICH YHT

Vucel dared br¿S „nożynоH

„Viadutool Iminoloj

.300k goof

uld go soagol yatamur exit of spustoler dis

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Əsel yr widen ¥2800¬L Julidw "madata¶"...e gatoalqor 3.2l yourɗaTvisuais l doont

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STA CUVI Tuder, aŭ tedio soasol besattoni ant

"a20p!" .■.a sdt Fact dont cilt of

BAN ŽAR Wİ▼ro- riidzot tot ditmus sa owerkitiw ed oð had

"madagnu!* ..a zdi yď bosaiq÷1 trany kocrivani við denizga na 100,00% raw dot de

to der somamani c

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$30,000 on a... "Honam", and being a much larger boat the running costs were naturally increased in proportion.

We estimate the monthly running losses on 8.8.

"Lungshan" as $14,000:00 and on s.s.

"Tatshen" as 7.500:00

321.500:00 per month

362

→

the Directors

Without assurance of indemnity against loss regret that they will be reluctantly compelled to withdraw the boats at the end of this month, leaving Hong Kong without communication with Canton save for such assistance as H.M.

Navy can give.

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I would further point out that it was on the urgent representations of this Government that the Steamboat Company re-opened the Canton Service on the withdrawal of the Chinese-owned a.s."Tung On" chartered and run by H.M.

Navy

and on the definite assurance that should heavy losses be sustained in keeping the river open and maintain- ing communication with Canton the Government would be prepared to assist in meeting such loss,

The Company has consistently maintained the service at continuous loss ever since - as these statements

and has no hesitation in saying that it feels that prove the loss is one which should only be met by H.M. Imperial

Government.

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4

I have. &c..

(S2.) P. H. Holyoak,

Chairman of the Board of Directors,

Ltd. Hongkong, Canton & Macao Steamboat Co.,

I should explain that the principal part of the Company's loss is occasioned by the fact that throughout this per ind it has been practically impossible, owing to the Boycott.

to obtain any cargo British cargo existing in Canton upon which the boats are principally dependent for theat profit, and under present conditions still are.

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(Initialled) P.H.H.