32 END

:

to their continuation when insure a red with

the same

#hen however British companies

drow attention to the intensive efforts of United

States companies to obtain control of insurance busineOS

in Hong Kong it wan felt that the nature and purpo

woo

or the trad Loan Aund, namely azulatance to Aritian

trade in Hong Kong to tide over the period of acute

dogression caused by the Canton noyeott, fully luatired

Rovements decision that for the future they

would only recognise, for the purposes of grants,

insurance with pitish com食材付き。

The decision was not

natoroed zetpooooctively, and ran the Trade

Loan fund no no Oractically eased. I trust that

further triotion on this point will not ari.

Your very sincerely

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