would next he mat by the Glony bining the mesent
一直
375
p
$2
loan
`by the gate of
making
would best be met if you approved a further lcan
of £9,375, to be interest free if repaid not later
Ley continuing
than the end of 1955, and agreed that the present loan also continuing
might continue to be interest free beyond 1952, if
repaid on the same date as the proposed
loan.
This would reduce the drain on, Hong Kong's
reduce
C.D. and W. allocation, since a total of £18,750 ghly
would be used, whereas under the Governor's
suggestion, the total issued would be £28,125,
We should be grateful-fer any comments
frad
ستر
you may wish to make, and for your approval of the
theone this motor
action proposed. -
Yours sincerely,
(A2) WJH. Toomey f (JN.A. Armitage - Smith)