Wt. 49614,485 3:46 50m. S. & S. Ltd.
54126/4/46
C. O.
Mr.Mayle 27/8/46
27/8/46 arma
aininas dras.
Mr..
Mr.
Mr.
Permt. U.S. of S.
Parly. U.S. of S.
Secretary of State.
No.
•
214
DRAFT.CODE TELEGRAM!
GOVER OR,
HONG KONG.
My telegram No.600 paragraph 4.
Crown Agents for the Colonies are
prepared to finance special expenditure
temporarily by advances from Joint Colonial
Fund at bank rate varying on security of
appropriate loan ordinance and assurance
that they will be allowed to issue a loan in-
London at any time if they find it necessary`
to retire the advances
2.
hole question of loan has been
further discussed with Treasury, Bank of
England and Crown Agents. Prospects of
Hon Kon being able to raise a loan here on
as favourable terms as other Colonial
indefinite
Governments cert
hi
a to
political veasclis
uncertainties and ale Colony's present fina..cial position.
FURTHER ACTION.
Crown Agents will therefore require an
assurance to the effect that if required
funds will be forthcoming from other
hexe
sources than loan to retire alvances/from
Joint Colonial Fund for Hong Kong special
expenditure.
3. This, of course, involves U.. funds
and the Treasury will not feel able to agree
to any assurance on above lines unless they
are satisfied (1) that every effort is being
made to raise additional revenue and (2)
that