α
an(alternative means of temporary
finance to advances from the Joint
cento
-4-
Colonial Funds would have to be found
Audit Finally
we have to decide whith 4. We think it is necessary at this
stage to define exactly the items which
would be included in the loan schedule.
K1
Our preliminary view is that if loan
is made a general recors truction and
rehabilitation loan then the details of
Can
225
In fact it seeme
に
to boil down 13 an
alterative of
providing the money from W.K. funds;
、
the items to be included thrould be agreed sable, want?
whitecatont
between the Hong Kong Government and the
S. of S. (in consultation with theTreasury)
admanse need
a
and that the loan should therefore not have
a detailed schedule. An understanding would
have to be reached, however, as to the kind
of expenditure which would be financed by
loan.
We are inclined to think that
having regard to the size of the prospective
loan and to the somewhat complicated is sues
involved, it would be best to try and settle
the above points by a meeting of all
concerned. We would therefore like to suggest
an early meeting, say on Thursday or Friday
next. We should wish to bring along a
representative from the Crown Agents as well
as our Finance Department and you will
doubtless wish to arrange for representatives
of the Home finance side of the Treasury and
of the Bank of England to be present.
Would
you please let me know whether the suggestion
is agreeable to you.
Yours sincerely,
Page 220Page 221