CO129-538-6 Naval Armament Depot- correspondence 19-6-1931 - 31-3-1933 — Page 41

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of $2000,000 will be paid by the Hong

Kong Government to the Admiralty, and

no question of expenditure falling on

Naval Funds will arise.

5.

If for any reason it should not

possible to reach an agreement on these

lines, I am to point out that Sir

Philip Cunliffe-Lister cannot agree

that the question of the retention of

should

this ropeway be treated as an

entirely separate matter from the

agreement to pay the Admiralty $2,000,000,

in return for which the Hong Kong

Goverment expect delivery of the

Naval Arsenal Yard free from encumbrances.

I am

>

etc.

(Signed) H. R. COWELL