Ne. CONFIDENTIAL.

Sir,

GOVERNMENT HOUSE.

HONG KONG, 10th March, 1932.

94

13 on

82818/31

Cu

82443/3

In continuation of my Confidential despatch of the

7th August, 1931, on the subject of loan requirements for this

Colony, I have the honour to forward for your consideration

the accompanying copy of a memorandum prepared by the Colonial

Treasurer which I have fully discussed with him and with which

I concur.

2. In this connection I would refer you to my confidential

despatch of the 5th November, 1931, on the subject of the

construction of the Shing Mun Gorge dam, proposals for the

financing of which are enclosed in the memorandum.

3.

I should be glad if your instructions regarding the proposals now put forward could be communicated to me as early

as may be convenient and in particular that I may be informed by telegraph of your decision on the proposed conversion in November 1932 of the present Public Works Loan of 1927, in order that sufficient notice of the Government's intention in this

matter may be given to the public.

Ansi: 9.

THE RIGHT HONOURABLE

I have the honour to be,

Sir,

Your most obedient, humble servant,

Line

Governor, &c.

SIR P. CUNLIFFE-LISTER, G.B.E., M.C., M.P.,

&c.,

&C.,

&c.

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