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against United States interests
in Hong Kong.
The amendments
suggested are:-
(i) In the last sentence but one,
for the words "to confine grants in
future to British insured concerns",
substitute "that for the future they
would only recognise, for the purposes
of grants, insurance with British
Companies". The original wording
suggests that the decision referred
to insurancesto be effected in
connection with further grants from
the Trade Loan Fund. Paragraph 3
of Hong Kong despatch of the 3rd of
July, in which the Officer Administering
the Government reported the facts as
to the insurance, is not entirely
clear but it is understood to mean that
the decision referred to proposals
to effect new insuranceswith American
Companies in connection with the
existing grants from the Fund
inst ead