CO129-394 - Governor Sir May & Public Offices - 1912 [12] — Page 293

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to Hong Kong ainst the scourily of the rereymonth of the Wachang Toan, and when that scoprit,

1 :

ethrusted

we can make further storess 1. security of the

power to Awa tonds.

will, it seens to us, be

the beet arrangement for the Government of ang Tong, which will then be in a Position to repay at any time the amounts borrowed, if it desires to do so, While the delay in issuing bonds will ene?te it to be seen whether the borrowing should be of a move permanent

or not.

"aracter

4. We do not ertleipate that it will be nunens PL.

fr the course of the next 5 or 4 Leare for us to have

to think of making an issue of bonds, but, if the balances

i cu hands should run short, we could then consider in

what form it would be best to make an issue and for Tow

much.

I are the onoa so be,

sir,

Your oberiert Servand

R. Antrobus.

$