Settling the detailed financing arrangements for the British and Chinese sections proved to be complicated because the funding of the British Section (as it became known) depended on the raising of the loan for the Chinese Section. The arrangements were finally ratified by the Hong Kong Government's passage of the Railway Loans Ordinance in 1905, clearing the way for construction of the British Section. It took until 1907, however, for the loan agreement for the Chinese Section to be concluded, with the financing being provided by way of a bond issue floated in London in April of the same year.