M? fameson 18/12/33
M? löwell is.
это
18 CONFIDENTIAL.
مله
in). Shting 18/12/33
DRAFT TELEGRAM,
THE GOVERNOR
HONG KONG,
atoo
16
13789/33
18
www.8.0/19/12/33.
Codedosent
ho.111
Confidential.
2.
20
Proposals for rising
ne loan and for repaying 3) Stock
1918/43 have been under discussion b-
Auso
a
33706
Crown Agents
n
're surer,
3
Lonn
issued here now
De M
at just
under par en presnt time may be
regarded as favourable for raising low219.
Treasurer thinks equally good teres
oso be obtained in Hong Kong snc
recommends local is-ue through the
cedium of the Hong Kong lank. Crown
take
вору
to b. A (1)
Copy to en
'LE Conf 2°F Dey (17)
Agents think that/zás might b
firm of
by inviting tenders for a 3. issue
Λ
redeemable by snusl drevins et par.
With
a currency of 20 yaura 3:
95) is equivalent to 3 at nar
( assuming
Bum anclied mach year
for interest and drawings combined)
and with a currency of 30 years 3°
at 94 is likewise equivalent.
Iznder: