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I should add that the Government's expenditure in
past years has included provision for the charges on their.
Sterling debt, consisting of the Hong Kong 32% loan, 1918/1943.
This was repaid on the 15th October last, and the annual charges,
which amounted to £66,856. will no longer have to be met. Some
reduction in their sterling requirements may, therefore, be
anticipated in future. There is no other sterling debt.
I return the minute paper.
Yours sincerely,
Renamon