3

The ban now to be issued to redeem

the P.W. Loun 1927 is however for

20 years

and is to have a

binking fund (at the rate of 3.45%)

The interest is to be 4%

I think we

ought

to have

received intimation by disp of

the auction which is

but I see no

being taken Mjestion to the proposals

? Sir J Campbell should all

الشعار

19/2/37

The opting to convert who the

how loan

had to be excused

by the 11th of July. Wh

We west

wait for

i Ordinance.

шивать

19/9

This seems to boil down to con version,pure and

simple. The period originally contemplated is

apparently being extended by one year only.

I have no tables here with which to check the

adequacy of the sinkin, fund payment; but it

looks fairly all right, considering the period.

That can easily be checked.

22/7/15

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