C.O.

REGISTERED No.

DRAFT AND RECORD COPY

DRAFT

Emanuel

15/1/47

MR.

MR.

MR.

To

ENCLOSURES

FURTHER ACTION

LETTER SENT }

DATE

15',

147

34

Dover House,

whitehall, Wow.1.

Is January,

January, 147.

54126/4/46

Dear Serpell,

would you please refer to your letter of the 31st December, 3.52894/04, to almer about Hong Kong' Proposed loon. I spoke to you on the 'phone and mentioned that we were anxious to have your further letter as soon as possible.

JA

keuntime, there is just one point that Would like to make at this stage. we are not at all clear what you have in mind in your 3rd paragraph. It is te unusual in Colonial Loan (rdinances to ventãoa anything about advances from the Joint Colonial Fund, still leas about their repay:ent. Any advanoss qbtained by long kong against the prospect of a loen 2111, of course, appear in the Colony's statement of asueta and liabilities, but otherwise it does not Been to us neocosary to define the conditionʊ under ghich the sðvanoes are made or repaid in the loan legislaton..

Yours sincerely,

D.R. AKIMlu, vis V.B.b.,

TRE JURY.

(A, Exonuel)

[4264A] Wt. 11439/415 50m. 5/45 C.N.Ld. 748

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