uchde

this

will

the

F.S. KK

we propose

discussion

The position

agrears

to be as follows: ~

Advances.

From H.K. £140,000

Ex Jun

140,670

"6

V.K £ 555,øre

469500

285,000

€425,000

Bolance £ £70, oro;

At the time of the Emencial Settlement H.M.6. might here expected to

recom for H.K. £ 555 000 which had her advanced to the Red X. Нешв If euch a scenery ximry

hat can mode, H.K. cold her expected to neeve

the £270,000, if when it is remued for the Red X.

As, konus,

the settlement wiped the slate clean, I do not this. H.K, can now

our inued from U.K. funds.

lay claim to the £270,000 which was our

2

had human

of this at the time the lettlement was made I fuel cestare it uould have her takes int account. The last

centives of the statement quotish in pasa 3 of (1) opposite supposto

this, as I read it that untince mans that

newed

any money

in spayment of the Loans made should be an ARGE

H.K. Admuttedly it refers to "stores" but,

not more

I here already sand, in

of any one inne of puds to the Redx.

by sims I pod difficulty in understanding para 5 of (1).

"

I do not see where the question of "breaking farth

in a nor do I

+ that because a proportion of the total amant

follow the argu

remutted through the bed & come from prewar Hit funds, all

semiries for the had x

He had & accrue to H.Kag.

I agree with the Palmer that this might be included

in the discuring with the F.S. H.K in April. I am bun,

also inclined to go back to H.K, & ask them to clarify pass.

5-

of (!! 20

although the rearning may for, it isn't to me.

"

4 " perfectly

clear

chen" to the

Inule 20/2

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