Las been received (I am

reminder ) further.

can go

It may & necessary

submithing

a

int

thi quation

kombuist competing

claims WC.I.D. and in It's connection

hom must remember that 14 T/M are sokem

on purchase. if agreed to in spite of the

Washington Tualy. that kij

There remains the qustion of Exchange

Og

Jombard lime

ask Trees. for the

many of

Itk cannot find it...

Relief

su 22681/26 and pp

in

Sep. Sundh atid.

Although

exta. W the sliding

scale is the correct

we have fell all along that an

meeting the position I am

way;

1

afraid that the addle. saquas

exp. involved put it out of the question

present circumstances.

Scheme how in

hot heave

Exhi

The

- cost 1: Gart of the

opcation is quite smak. probably Han $30,000 $40,

dokar remains at 1/11 - 2/-.

Seah

07

the shi Sing

adakh. cxp. of

an

the procut therefore

drop the proposal.

p.a. if the

An exclu. of

He other hand would involve

ove

I think

$110,000 p.a. For

www

Lad Sche

on the same

I showed add that provision has been

made for the Kowloon. Canton Rly.

lines

Hy

In a

1kup

lad year. In the pisting Scing

state of efficiency irrespection of

Whether trade through traffic

This is Briand

Brioudy

Sound.

am

prosible

Pallets Suck

3.1.26

ILS

or wit.

Jafree

$16.

7.1.27.

atonce

scrime lute

Jager _ the portion is nsoms

Whirl the but foling is to pr

policy

the hipe

for the percent that things

in

will right themorers.

Walter D. Ellis

4/

Jagru genually, though the Goot

might well be asked to consider

11

waly

confidentially beforch and what drastic

cuts could be made

in 1928 if the position remains adverse throughout-

1927.

hope,

For the prescut

cwe <

But

a

avoid all penis mranules

which would

Send

7

the situation worse.

the telegram, but before we write the despatch we should

So in to

the question of the fs Trader Loan. I do wit understand why

no

provision is made for interest which is

1

prayable out of public funds,

Loan is not shown as

A

of why that liability. Generally

we know for too little about the

local administration of the Loans

671-2) G.G

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