wira the funds more or less on the lines of
the Burton Committee's Report.
(2) That the Chinese Government will
invest the moneys already in hand and due for
payment shortly in the rehabilitation of
existing railways; and that the money thus
02
invested will be regarded as a loan to the
railways so as to form an endowment fund for
educational purposes.
(3) That preference will be given to
railways where there is a British financial
interest; and that the railway materials
required will be ordered in the United
Kingdom.
(4) That, if possible, the urgently
necessary Chihli (or Haiho) Conservalry work
should also be financed out of the Indemi ty
funds under the same conditions as the
railway work.
(5) That in order to make an immediate
start on Anglo-Chinese educational work
2250,000 be transferred to the Hong Kong
University/
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