CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 23

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the

The agreements of the Company with the Govern-

ment for public lighting and supply do not

appear to afford proper opportunity for imposing

any stipulations as to the personnel of the

Directorate. If such a restriction were to

involve a change in the Directorate, one might

agree, but as it is understood that the Company

is in fact not yet under foreign control, I

should have thought that it was a fair quid pro

quo to have been demanded by the Government. I

suggest therefore that we should write to the

Governor in a secret despatch in the sense of

paragraphs 2, 3 and 4 of Sir John Campbell's

minute of the 11th March and, as regards the

Governor's reply to our telegram about the China

Light and Power Company, say that while the

Secretary of State appreciates the view expressed

in paragraph 3 of No.14 in this file, he would

have considered that the fairly important

concession made to the Company at the expense

of the public funds of the Colony was sufficient

to justify a demand that in return the Company

should pledge itself to remain under British

control.

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