better
facilities for this type of education.
It seems to me therefore
approve this loan.
2. The
assume
that we
should
only point about which I at all doubtful is the questions of guaranteeing the loan. The Governor proposes to agree the Salesian Society quaranteeing the loan themselves. I
that by this he means that "The Proenvator in Horny Hory of the Salesian Society", who is Kong by Cramance No. 9 of 1931 constituted a comporation sole, should
I
guarantee The loan. I assume also that the effect
of thi
this would be that if the Salesian "Society in Hong Kong should fold up financially the H.K. Gout would
only be able to claim for repayment of
I do not think
we
need
the
loan, along with other creditors, against the assets of this corporations. However
cory unduly about this contingency for the following reason. The Salesian Society has
world-wide spread and
to engaged
inn
educational activities in mansable
countries; it must have considerable
assets behind it and
و
cannot believe
that the religions order (which is what the Salesian Society is)"
would repudiate
3
NJ