No. 357 of 1948, viz:-
(a)
reducing pressure on loan funds
(b) creating substantial`reserves against
possible leaner
(c) checking inflation
years
(d) reducing any demands on F..G.
C
(sti]
still hold, (c)`possibly with even greater
cogency than last year in view of recent
considerable refugee influx from China.
4. As regards further borrowing, f
I am
!
see my telegram No,,...
telegraphing separately in near future.
(5)
1948 file
Lav
para of of your telegrarn
:
273