CO129-551-4 Canton-Kowloon Railway Working Agreement 16-11-1934 - 5-12-1935 — Page 66

(58/19.D/1984)

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Foreign Office

Sub-Legn. Coma. Couns. Canton.

BRITISH LEGATION.

PEIPINO.

90th December, 1984.

66

sir,

With reference to Your Excellenay's Note of the 8th

July last, I have the honour to invite attention to a fur-

ther default which occurred on the 17th November in payment

of the half-yearly interest and annual instalment of prin-

cipal of the Canton-Kowloon Railway Loan of 1907, amounting

with bank's commission to £113,570. 14. 46. The total default

in the service of this loan is now £1,386,419. 17. 4d.

I venture once more to remind Your Excellency that by

the provisions of Article 14 of the Loan Agreement the

Chinese Government unconditionally promised to pay the prin-

eipal and interest of the Loan on due dates, and I must again

request that Your Excellenay will make urgent representations

to the government departments concerned with a view to the

immediate adoption of effective measures, not only to prevent

the continued increase of this great load of debt, but to

reduce the amount now in arrears by payments from other

sources if the earnings of the railway are insufficient for

the purpose.

I avail myself of this opportunity to renew to Your

äxcellency the assurance of my highest consideration.

(BOD) ALEXANDER CADOGAN.

His Excellency

Monsieur Wang Ching-rei,

Minister for Foreign Affairs, a.1.,

MANKINO.