'C. O.
Mr.
Mr.
چا!
Bader 3/8/34.
Cowell 14
Mr.
Mr. Parkinson.
Sir G. Tomlinson.
Sir C. Bottomley.
Sir J. Shuckburgh
Permt. U.S. of S.
Parly. U.S. of S.
Secretary of State.
33756/34 Hong Kong.
28
3.0. for Mr. Cowell's signature.
Downing Street,
16 August, 1934.
DRAFT.
Dear Newling,
With reference to
A.J. NEWLING, ESQ., M.√D.
(6)
Gent's letter of the 13th July on
WAR OFFICE.
the assessment of Defence
the subject of military Contribu-
tion in Hong Kong, I am, in his
absence, replying to your letter of
(5)
the 9th July.
FURTHER ACTION.
The position is that the
Hong Kong Government decided, in
view of the market conditions, to
deal with the 1927 6% Loan by a
separate operation last year, and,
their
on similar grounds to redeem um
31% Sterling borrowings this year
by means of a local dollar issue.
We will of course ask the Governor,
as desired, for his observations
on