c.co.
Mr.
Calder.【S^/6/32.
Mr. Cowell
Mr.
Mr. Parkinson.
a
Mr. Tomlinson.
Sir C. Bottomley.
Sir J. Shuckburgh.
Permt. U.S. of S.
Parly. U.S. of S.
Secretary of State.
な
DRAFT.
HONG KONG.
CONFIDENTIAL.
0.1.
C.
Fr.Crown Agents.
30th May.
(7)
92639/1952. Hong Kong.
Downing Street,
16
June, 1932.
75-
(1)
Sir,
I have, etc. to ack.the Sir litlan let's
receipt of your confidential
despatch of the 10th of March
on the subject of the loan
requirements of the Colony,
and to confirm my telegram
(acc.dft)
of the.
Cofy wittant enches. to CA. for infor LF
2 drafts.
JJune
stating
that the loan proposals were
approved.
2. The Treasurer's
proposals assume that in the
immediate future revenue
will balance ordinary expenditure
without recourse to surplus
balances, and, moreover, that
over the next few years, દો
"normal
expansion of revenue
may