CO129-615-4 Harbour craft used by Hong Kong Government- financial arrangements 30-1-1948 - 12-1-1949 — Page 12

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the ar office list to the Ministry of Transport list. The list of Ministry of Transport craft

accompanying your despatch No. 19 of the 30th January 1948 therefore inclused these vessels; and it included them (except for MINTOON D.P. 6 and MINHOP 17) at the valuations given on the Director of Marine's earlier lists. The values of MINTOON D.P. 6 and MINHOP 17 were reduced on the list accompanying your despatch Wo.19 because the vessels were taken over incomplete. One vessel, PHOENIX 1, appears on the list accompanying your despatch No. 19 which did not appear on any of the three previous lists.

40 The net result of these changes is that the valuations on the three lists now stand as follows:-

Ministry of Transport £199,175

Admiralty

War Office

(as on list

accompanying your despatch No.19).

L

£173,350 1,600

The valúation of £199.175 appearing on the list accompanying your despatch No. 19 18 Leing taken as the basis for negotiation with the Ministry of Transport so far as Ministry of Transport oraft are concerned.

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5. Before proceeding further however I should be grateful for your comments about the craft appearing on the Admiralty and war office lists.

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