CO129-526-7 Proposed vehicle & passenger ferry for Hong Kong Harbour- plans of the development of the... 22-4-1930 - 22-4-1930 — Page 8

discussed it with Mr. Freeston, who tells me

that it would appear a suitable scheme for

submission to the Advisory Committee, and that

8

the sort of assistance which could probably be given would be

a free grant of the interest for five years on

the capital cost of the work. The 0.... G. does

not in this despatch mention the possibility of

such assistance from the Fund. There is to my

mind little room for doubt that the construction

of the new piers and the consequent re-organisation

appear

in new of the of the ferry system essential if the develop- Scarcely tolerable

conditions under the existing system ment of two Colony is not to be satiek, but

before approving the course proposed by Mr.

Southorn, I suggest that we consult Mr. Freesion more

fully with a view to suggesting to the Governor

that he should submit in the detailed form

required by the Colonial Development Advisory

Committee an application for assistance from the

Fundrain respect of these works of her bour development.

M Freestor sht in

(M

Cale

any

Love the duplick.

ather desp.

un dos combe

1

の

of the suply

10 HK

HK.)

for rent

бил

6.6.30

The scheme is one technically within the scope of

the Act. The objections I see are:-

(i) that it is, to the extent of roughly half,

a replacement scheme, and not a scheme of develop-

ment. This assumes that wharves only are constr-

ucted)

(ii) that the proportion of the expenditure to be

incurred in the UK will--probably--be small. That

is not a vital consideration; but it will naturally

influence the C D A C to some extent.

Page

Page

9

Jagree

4.9.

(iii) inasmuch as the reasonable anticipation

is that there will be ample revenue to pay

the loan charges, and as the construction period,

will be short--say two years--the maximum

assistance which the CD A C are likely to give

would, I think,be somewhere in the nature of

a free grant of the interest,on half the loan,

for a period of two years--with possibly some

slight margin to allow for contingencies, etc.

This works out to-say- 4300. The total grant

is not likely to exceed-say- 4500 or 5000. 2. That assistance, is, however, worth having?

z.

I suggest that we should ask the advice of the

C As,and meantime that we should consult Sir

Basil Blackett, semi-officially. It would be

inadvisable to hold out any hopes of aid until

we had ascertained that the application had a

reasonable chance of succeeding. In my own view,

it is rather on the border-line.

The 11th: June 1930.

11/6/30

my pinion if that riall

inget for the

un

C. D. al.

nicht the delar

it is not nocht

invoren. Should ich the

6-

to punt the intrust fr 5-

There will be years.

the

t

differuelty in raising "Town requires fre untuunt, &c. unles

China improns. condition of

the

age 9

age 9

Page

If I think it might be way autused if expositility for

this town also came

bery

in zymes time. Ifferent Pie H. Blackell

on C. lehe

this bin's gu

thei adrien_

Walter R. Ellis

So proceed?

1/6

But I am suspicious about the existing ferries.

Will they not

have

a claim to compensation?

10

We might inquire by despatch meanwhite

whelle

the Gov. is satisfied that the

-existing ferries will have

compensation

?

no claims for

1.6.0 6.6.

Page

Родне

8.A. 6.

12.6.30.

atonce

a

After speaking to MW. Freesture, I summis Meunandum based in M. Gent's minise of the 6.6.30 herein for reference to fir

B. Blackett. Sunderstand

ge 10

ge 10Page 11