Telephone No.: WHITEHALL 1234.
Any reply to this letter should be addressed to-
NATIONAL
FORD
SCHER
SABLED
THE SECRETARY,
TREASURY,
WHITEHALL, London, S.W.1.
and the following number quoted:
F.8986.
:
Љ
TREASURY CHAMBERS.
30
30th December, 1939.
Sir,
COOUN
COP
I have laid before the Lords Commissioners of His
Majesty's Treasury Mr. Blaxter's letter of 28th November,
1939 (53593/39) enclosing a copy of a telegram from the
Governor of Hong Kong on the subject of the issue of the
balance of the loan authorised by the Hong Kong Dollar
Loan Ordinance No.11 of 1934.
As the Secretary of State will be aware, issues
of capital in the United Kingdom require the consent of the
Treasury under Regulation 6 of the Defence (Finance)
Regulations, 1939.
The purpose of the control exercised
by the Treasury under that particular Regulation is to
edy HK..
Q
restrict the demands upon the United Kingdom capital market,
wherever possible, to those which are essential in the
national interest and thus to retain that market, to the
maximum extent, for United Kingdom war needs.
My Lords have given careful consideration to the
suggestion made by the Governor of Hong Kong that the loan
The Under Secretary of State,
Colonial Office.
which
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