20

value of the dollar,

with The

Hollan

Standing at -

fairly shendes rate

recently

at 1/7? - 1/8?

The

actual

recache

ده

If the

year enemy

31c 17π 1934

a re

bhely

1 6x

better than

sahay بیام

Zan

been

estimated

in Septembe.

For 1935

the

Treasura

has

estimated on a

much on

only be

the

reponded

as

verz

arcops rak h the join himment on h f: 18/11/18: Ale.

I don't know many!

to the foschian

finien

Lo Lave

MAA

thes faint at

fusund

4/12/24

ود

baris of 1/45 which

Aun

Conservative side in new off the Incant outlook for silou prices. If events

force Hory Kong

on

to a sterling

or other basis divorced from

silver

the Fort; financial position is likely to be strengthmed by

Such a

change.

Expenditur

works is

prozacím

the thief

rs

m

C

ou

apital

tricted in

for

as

items are

water supply,

n

then muy

which by Hok

As

M

The budgetary

horseth, ent

concerned with

Larbour developments

nature are

essental

• great port to great

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