CO129-510-10 Financial loan from Hong Kong government to Canton Provincial government 3-4-1928 - 3-8-1928 — Page 23

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sould be of any material assistance to the Provino is2

Government financially or curvise. A period of

prosperity and stability in Canton would also naturally

be very beneficial to the trade of äugkong. Ent too

revenno waich it is proposed to pledge ao security for this

and which is indeed the only revenue available for

lend

-

say loan is derived from the surtaxes, comonly known

鮮

as the Fushing ton surtaxes,

As it was largely oring to

the initiative taken by Mis Majesty's Goverment that the

Powers acquiesoos in this increase in the Customs duties

it might give ríme to misconceptions if bany were now

made security for a British loɑn, Boreover ege sartuz S

anfortunately are not levied by the Maritime Customs but

by a variety of native bareɛux operating ander ton

authority of the Finance Department of the Provincial

dover zent. These bureaux and the department itself

habitually behave in a cost arbitrary and traculent maker

et

tovarda British merebants who are thas deprived of the

valuable safeguard which an honest Customs Administr» tio a

in former years afforded. The Chinese collecting

organisation does not soasiet of one properly regulated

department/