CO129-538-6 Naval Armament Depot- correspondence 19-6-1931 - 31-3-1933 — Page 23

23

Kong Government is concerned, the

position is that it offered

the Admiralty $2,000,000, for which

it expects delivery of the Arsenal

free,

Yard from from encumbrances.

If

the Admiralty are not in a position to

surrender the Naval Arsenal Yard free

from encumbrances,

the Hong Kong

Offe

made by

to be modified accordingly.

I am,

etc.

bave

* COWELL

Con the date when the final instalment of $500,000 becomes due, namely, Sei P. Cualeffe-Listin

Januay 1933

1

is of opinion that the 14.K. (th wuild in fully justified in withholding payment of thar mistätment nukl the Admills are in a position to carry out their part of the Apeement.