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Government House and the City Hall and the principal
Government offices and no mention has been made of
This
the proposed sale of the City Hall premises.
scheme was set out in Sir William Peel's confidential
qu• despatch of 17th December last and the first stage was
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CA
926** approved in your confidential telegram No.78 of 28th
92624/32
June.
The Government is at present engaged in
negotiations with the Hong Kong and Shanghai Banking
Corporation for the sale to the Bank of the portion
required for the Bank's rebuilding scheme and until
these negotiations have been concluded no progress can
be made. The scheme is to be self-supporting and
the funds for proceeding with the scheme are to be
furnished by the sale of the City Hall property.
matter will be laid before the Legislative Council in
due course.
5.
The
No public announcement has been made as to
the financing of the loan works or the repayment of the
existing six per cent Public Works Loan pending a
settlement of the question as to whether Military
Contribution is to be paid on the interest and sinking
fund of the new loan. In this connection I invite
referance to my confidential telegram No.159 of 30th
26 July and your confidential despatch of 24th August
last.
I have the honour to be,
Sir,
Your most obedient, humble servant,
to.d. Southorhis
Officer Administering the Government.
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