by advantage of securing this rate over
a loan period of 20 or 30 years.
Oinance of course would show full
alount and would specify as one of its
reasons redemption of Sterling stock.
if so it is desirable to give as
as possible six months notice in
19
London of redemption of Sterling loan.
Taylor advises that from Colony's point
of view convenient date/would be 15th
Jarmary 1934, Point for immediate
consideration is whether a loan of
fr ivme of notice
the size indicated above can be raised
in Hong Kong for a period of 20.25
or 30 years with repayment by annual
drawings after first year on terms
not less favourable than those indicated
above. Telegraph your views. Further
Aetails ordinance etc. can be considered
after Treasurer's return to Hong Kong.
All consultations should be treated as
strictly confidential in order to avoid
publ le i ty
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