CO129-523-1 Reclamation work at North Point- a general plan of port of Hong Kong showing extent... 27-12-1929 - 12-6-1930 — Page 16

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may confidently be anticipated, to a conclusion of

the whole difficult question. I would add that

this loan is included in the Colony's assets under

"Building Loans" and the remission proposed while

reducing the balance of Assets over Liabilities will

not affect the Colony's liquid balances inasmuch as

no cash payment is involved.

9.

The result of this arrangement will be not

only that a matter which contains the germs of long

drawn and expensive litigation will be entirely

disposed of, but also that this Government will be in

a position to proceed at once to the consideration of

very important proposals for developments to the

East of Mr. Kwik's property, consideration which has

necessarily been delayed pending settlement of all

outstanding questions with Mr. Kwik.

10. I concur in the foregoing proposals, and

shall be glad to receive Your Lordship's approval

them by telegraph.

I have the honour to be,

My Lord,

Your Lordship's most obedient, humble servant,

Here

Governor, &c.