CO129-492 - Governor Sir Clementi - 1925 [12] - 1926 [1-5] — Page 520

F

Biz vt adedi to va

Amma več náð að æ:lmalað

(1) a loan for railway works.

501

:

0

•

salde" bo potraŭ ni Jaeemi finoİTE

bala" que, malbumes asi110 m lase? #01% malðaðligae max end m} mveľko↑ Juów bez nozaki bits kid in wapelet vodil troy Yo ditoll mit al meluara E burent Land sourmlet anlie" to tre dona” déos

(1) Smautonte ed Slu w 11 Ardá mbleton far ob al prevadh ga? mjole y[[owrzod darunt; ad wdowḥ, sich da baltosen to parang ni ndanibal ya ung dun

vímate e

:

HALİNDE

1:

A

4..

4

** ed' al slefs a duon

Prima od nolápojde zu að alne? #rodt

taza 11 hr soðin gard To moliniele SUNILTAS

**cm z mit no otra o te mat adt ei afrog ul 31 rozel día to requelaż TUOT

vikimesha matka? al pilvedba valaleters

at der el fand get at #d? #1# zindal Pensamento dans

Jou kind area

(0:

- -, . abigail to [tag” at mben fxpects al nie in

[{{w

CANNE DEO] (9)

(a) could not be open to public subscription.

(b) would have to be confined to Kwangtung Province

as otherwise we would be exposed to a charze by signatory Povera of infringment of consortium agreement.

(ii) See Pekine telegram No.133.

The rights of Peking "overnment to sanotion all financial contrasts made with local authorities in China bave hitherto been recognised by His Majesty's Tøvernment.

(111) Any proposal that an endeavour should be made to secure the participation of His Majonty's Government in suợờ lean (whether by guarantee or othergise) would in view of present financial situation result almost inevitably in delay which would defeat your purpose,

In these circumstances it would not appear that a loan would be prastiesble unlessfirstly it was devated to works (preferably other than railway) within Kwangtung Province and secondly the sɩm required was within the resources of Hongkong. It is "ossible that arran ements could be made for a portion of the balance of the trade lean to be made available for this murvose,

If you consider that this modified procedure zould KOTTÓ TEPTĂne in view please telegraph estimate of num likely to be required. I imagine that in order to ensure mped behaviour over maximum period the.prosedure would be to dole out advances from the lean as slowly as possible. In the meantime so far an immediate negotiations are concerned you are authorised at your discretion to fake the line that if the Canten Severnment on their

side