Ne CONFIDENTIAL.

240 1440

THE RIGHT HONOURABLE

LORD PASSFIELD,

GOVERNMENT HOUSE.

HONG KONG

19th May, 1930.

h

My Lord,

With reference to Mr. W.T. Southorn's

confidential (3) despatch of the 4th of March, 1930,

on the subject of the Hong Kong Trade Loan, I have

the honour to enclose a statement of the position of

the Loan at the end of the first quarter of 1930.

I have the honour to be,

My Lord,

Your Lordship's most obedient, humble servant,

&c.

&C.

&C.,

Governor. &c.

39

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