3 Lo N.K. 501 (land.)
4 % D.C.A. (fc102) 8/12A
4%%
5/
you.
Tel. 409 Corp.
29.12.39
4.1.40.
020-11-39
Seeks views on possibility of raining a sterling
ser out.
6
Xanch to 27) on 33706/34
X
The 1934 Dollar Loan Ordinance authorised.
the raising of
$25,000,000
for public works, and
in that
year 31⁄2% Dollar Bonds to a nominal
value of $14,000,000 at- 99%
$13,860,000.
were issued
producing
Since then the method of financing
the works
authorised in the Schedule to the Ordinance has been
by
advances from surplus funds,
a method which
has been found both convenient and economical since
Goulonment words paying interest on
the unissued
part of the loan until absolutely necessary.
By
X
This figure is
for advances
against the 1934
the end of this year, however, it is estimated that the
whole
9
the parts 25,000,000 will have been spent, of
which $11,140,000 will have been advanced from
Loan only. There
ourplus funds;
are more
min.
NYSA.
mey
Note also that
معله
x
This sum does
and provided the revised estimates
revenue and expenditure are realised his
year,
on
the 31st Dee. the outplus of assets is expected to
бу
stand
at 13,627,526 -
not allow for
expenses of issue
NYSA
-24/4
Now, in order to li
lignefy
the nominal surplus, it
is desired to issue the balance.
J
the 1934 loon,