a submission to the Treasury about Kai-Tak,
we have not actually yet sent it. The
fact is that it is extremely difficult to see
what source there can be for this loan. I
do not want to pre-judge the matter, but if
as I have heard, there is rather more
optimism in the Colony nowadays about the
outcome of this Kai-Tak application than
there has been in the past, then I scarcely
to
think that optimism, be justified.
W. S. Carba
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