17
suggest:--assuming small sales of the bonds,
and taking the latest market price for the
loan. It seems to me rather a gamble--principally
on the "
liquidity" side, but partly also on the
price side.
Para 6. This is correct; but, if there is
a very great attraction to speculators", that
should be reflected in the issue price.
Para: 7. This links up with the remarks under
para: 4 above.
Lo
3. All we can do is, I think, press for an early
Treasury decision; and, if that is adverse,
inform the Govr: of the C Ags: comments, with
such further remarks as may be considered
desirable from the S/3.
Personally, 18â be
inclined here to let H K do its own criticism,
without any lead from us.
The th: December, 1939.
5/12/19
It is not clean at all way it
is agent
to raise new money
the end of the year.
rsentrally meined.
hope this
is
haw auch
ww
money
This
حمد
The CA
Seemity
Subscantral
し
Că praide-on
& call
fairly
but hunted)
مال سی
finds if the HK Gout
in temporang need in the few weeks.
was
nexp
2 shtrel on in dh.