CO129-502-4 Acquisition of Kai Tak for an aerodrome- provision of funds 11-1-1927 - 12-5-1927 — Page 45

You

I

The loan is required for:

(1) thing Mun

(2) Diocesan Boys School

Purchase

Loan

3,500,

45

of

site $253,000

75,000

428,000

(3) Aerodrome (orig. est)

To bey out Kai Tall to 1,000,000

To completi uclamation 738,000

Covering hullaho

275,000

Resuming extension D

23,500

2036,000

5,965,000

We have also to Catte

into account

(4) Additional & (3) due to use

dredged

matinal. Driginally estel at

of

753,000 (as of 5 mica). Estimate? now reduced

owing to tit

of 4 way, but in

any

case add

is loan

heed

753,500

6,718000

Amount of stating toan we therefore be £650,000

or at

curst

£ 700,000,

V

which the part in

which the Empurial foot is interested is £200,000.

he arranging terms

J

Loan

we should bear

in wind (a) that it is

The

cardo

Though

in proposing

I feel less optimistic that for. did in