CO129-538-1 Hong Kong University 31-12-1931 - 6-8-1932 — Page 264

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first took shape when the anti-British

cott of a few years ago were at their height,

openly advocated in Chinese circles as a means of ruining

the shipping business of Hong Kong, which is entirely de-

pendent for its prosperity on its shipping facilities and south its trade with Canton and MN China.

As a means for the profitable investment of British indemnity funds, the Whampoa scheme may or may not prove in the long-run to be a sound one; but it may be noted that the port will take ten years to construct, and perhaps the enterprise may not become a remunerative one for a much longer period. Meanwhile it will be of interest to observe what (if any) arrangements are to be made for the payment of interest to the Board of Trustees.