ruthen be inclined to

>shu

Can it

10

the Gov's

diseration

22nn

made

Mr Clauson,

reir

4

The alteration.

не

in the off Hel

Wint

27/2

I should be grateful for

your

this. Hong Kong must have

"till money", but it would probably be

better to wait on

waiting may

the other hand

be risky,

الله

-1.5.40.

سكس جب بلسم

Cowl is "

Always bow

borrow

The normal

the mony

wham

you

want it, ex aplin

wait because unusual cites. If you

you think that the market is moving in

wrong will move against

be

your favour, you may market may just

you: But I raten think that these

unusual. The Govt here

down the rate of

intu

cirão is trying to kup -est, & the Cr. As. unequivocally of the Treasury by implication say that the think that they will succeed, & that the Bank are opening their mouths too wide. If the Sino-Japanese dier down, as now

looks probable, utions in the Rost too will improve,

condi

but

test move the market

that mightDLESS either way. tone settect conditions might lower the rate of interest, but equally they might give new openings for investm

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