11
for the sinking funds worth be repaid
available) the starting loan would be repaid, the balance being
used
to reimburse surplus balances.
It is considered that the
disadvantage of having to pay 31⁄2%, or whatever his rate may be, for the money borrowed at a time when it is not actually wanted o / while lying would eam considerably
might well be set off against the advantage? obtaining long term
on deposit
money
M?
less h
at the present low rate.
present
4? Taylor is available for discussion at any
time. Hes address
is 22 Porchester Mews W2 Thus telephone
Paddington 0946.
I suggest that in the first
place Sir J. Campbell's news might be obtained on the general question of raising the loun
9 on the
michiods of raising it which are proposed
M. Theylor
was ancious that if
Possible nocive to redeem the loan should be given on the 15th for 1934 when is the date halfway between two interest
Fewramero
1342-33