Sessional_Paper_1885-1886 — Page 86

83

No. 3.

HONGKONG.

DESPATCH RESPECTING THE PROPOSED LOAN.

Presented to the Legislative Council by Command of His Excellency the Governor.

(1.)

The Earl of Derby, K.G. to Governor Sir G. F. Bowen, G.C.M.G.

HONGKONG

No. 19.

3rd March, 1885.

SIR,

DOWNING STREET,

6th March, 1885.

I have the honour to acknowledge the receipt of your despatch No. 9 of the 5th of January respecting the loan of one million dollars ($1,000,000) proposed to be raised by the Hongkong Government, and I have to convey to you for your information and guidance in the matter a copy of a letter from the Crown Agents for the Colonies, enclosing the draft of an Ordinance for raising the sum in question.

2. This Ordinance will, I trust, be found suitable to the circumstances of the case, but I shall be glad if it is eventually found unnecessary to borrow up to the full amount authorised; and have noted with satisfaction that the Colonial balances will suffice for the requirements of the present year.

3. I have to convey to you my approval of the revised Estimates for 1885, enclosed in your despatch No. 11 of the 6th of January, and of the Estimate of extraordinary works to be defrayed from accumulated balances in 1885, which is contained in your despatch No. 8 of the 5th of January,

I have the honour to be,

Sir,

Your obedient humble Servant,.

Governor Sir G. F. BOWEN, G.C.M.G.,

&C.,

&c.,

&c.

DERBY.

(2.)

Crown Agents to Colonial Office.

DOWNING STREET, LONDON, 3rd March, 1885.

SIR,

Referring to Despatch No. 9 of the 5th January last from the Governor of Hongkong, I transmit herewith a draft Ordinance for raising a sum not exceeding £200,000 for the completion of certain Public Works in that Colony,