23

oning to go on 82818/3, Loans for Public Woir.

Telegram from the Governor of Hong Kong to the Secretary of

State for the Colonies.

Dated ?4th December. Received at 11-15 am 24th December 1931.

15

No 252 Confidential.

Your talogram of 4th December No 145 Confide ential. I do not consider that it will be necessary to raise any loans for sene months. Date will depend on whether the prezent catiefactory income is maintained. When loan is required I am advised that it will not be necessary to raise the money in England as the money will be obtainable squally cheap here.

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