CO129-533-4 Hong Kong Water Supply Scheme 28-1-1931 - 20-1-1932 — Page 38

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next year.

If however Your Lordship will approve of

further work on the second part of the shing Lumater

Works scheme proceeding, and of the gaol being paid for

from a loan, it may be necessary to arrange for the issue

of Treasury bonds, or for a temporary overdraft early

next year, and for a loan towards the end of the year to

provide funds for the additional works and to repay the

Public Works loan of 1927. In any event, a further

loan may be desirable for the latter purpose with a

view to securing money at a lower rate of interest.

12.

I enclose a statement, setting out our present

and anticipated liabilities, and indicating how these

can be met from surplus balances up to the end of 1932.

13. I may add that private companies are being

invited to provide ferry boats for the Vehicular Ferry

and I do not anticipate that Government will be called

upon to make such provision.

I have the honour to be,

by Lord,

Your Lordship's most obedient, humble servant,

(sd.) W. Feel.

Governor, &c.