7
*
7 CA.
In obern
Memorandum
du
O
30/5-
the
in ●
I do not think there is anything in (17) which necessitates modification of our
H.K. loan proposals may
one
our view that the
be afforded. There is
uson. in connection with
point that weeds conson.
the redemption of the $5,000, 500 1927 PWD low. The Colony is paying 6% interest and over 62% sinking fund on that loan-say $625,000 f. amme. That is exempt from military contribution, which
clear gain to the Colony of $125,000/.. A reduction of the rate of interest in the loan itter from 6% to 5% will mean a gain openly
means a
$50,000 f.a.
The W.O. would never agree
Wo
переходни
to the interest and inking fund
m
the
proposed loan of $25,000, soo being exempt.
In the other ride we may
have to
refect ration 15 of ind. 14 / 1827 in my
159f case, &
my
might meanwhile have lost a favourable
conversion Crance:
? Telegraphs affering the thing Men scheme, raging se despatch follows offroving generally the loan proferals but that he should await that desfatel before taking any steps apart from starting the thing Mung scheme; " follow by despatih