83
of the sterling loan. The latter
is 3 per cent stock ani neen not
I am adorsed that
be redeemed before 1943. It would
Loerefore be difficult to justify
borrowing at 4 per cent in order to
That
reieem it earlier, Even if there were
e exceptional circumstances whier o
at justify such a course, the
reasons could not easily be explained
in such a way as to avoid public
criticism in the Colony.
I have, etc.
(Signed) PLYMOUTH.
(for the Secretary of State)
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