CO129-551-4 Canton-Kowloon Railway Working Agreement 16-11-1934 - 5-12-1935 — Page 27

Copy.

(F 5440/10/10)

19E/1935

Copied to:- Dip. Mission. Foreign Office. Comm. Couns. Canton.

BRITISH EMBASSY,

PEIPING.

13th July, 1935.

Sir,

With reference to Your Excellency's note

of the 22nd January 1935, transmitting a statement

made by the Ministry of Railways with regard to the

principal and interest outstanding in respect of the

Canton-Kowloon Railway Loan of 1907, and to previous

correspondence on the same subject which has passed

between Your Excellency's Ministry and this Mission,

I now have the honour to invite attention to a further

default in payment of the half-yearly interest on this

loan, due for payment to the bond holders on the 1st

June, 1935, which occurred on the 18th May, and amounted

with Bank's commission to £27.856.19.4. The total

default in the service of this loan now amounts to the

very large sum of £1,414,276.16.8.

I must once more remind Your Excellency that by

the provisions of Article 14 of the Loan Agreement

the Chinese Government unconditionally promised to pay

the principal of the loan, and the interest on the loan,

on due dates, and I have the honour to request that

Your Excellency will again make strong representations

to the Government Departments concerned with a view to

the immediate adoption of effective measures, not only

His Excellency

Monsieur Wang Ching Wei,

Minister for Foreign Affairs, a.i.,

Nanking.

to

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