3
which might appear over the transaction. The
Governor is of the opinion that the scheme would show
a return to Government of income from land sales,
over
for a period of years, sufficient to justify the
financing of the initial expenditure from loan funds
if others are not available.
? Approve the general lines of the scheme
and convey authority for carrying the discussions a
further stage.
A. N. Saloworthy
16.2.39.
The proposed trans ction stands by itself, and
des not concern the ilitary Tands Account. It can,
therefore, be considered solely on the merits of
its advantages to the nong Yong Government.
The Governor end the Executive Council
are satisfied that the scheme is to the advantage
of the Colony, and it does not appear that, in the
long run, it wil involve any material financial
burden. ssuming that it is sati. "actory to the
military authorities, there is no ground for
withholing assent.
we need hardly complicate matters by opening
simult neous negotiations with the War Office.
give general approval to the continuance of
negotiations with the “ilit ry Authorities on the
lines proposed.
Zou any
Sav
Fruend frounds
point of view?
#Klowell
17.2.39
Either
comments to make caller in
from the Hongkong Defence
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