CO129-444 - Governor Sir May & Acting Governor Claud Severn - 1917 [10-12] — Page 181

177

Lov

7

1917

3512

Nov

HONG KONG

63744

C

63744

REC

REG S DEC17]

was Loan Ordinances.

Last previous Paper.

ca

45608

Anad tel.

مهلها

corres

3. Ayto 11 Jan 18 102

to

A,

specified. hervest approval

by tel.

In Collins

Crown Agents

May we have your observations on

this, please ?

AUC

1.1.18

The Government has already the power to purchase and

Cancel bonds at any time after 31st.October 1921 (See

Sec.13 of Ordinance 12 of 1916. Sec. 2 (2) of Ordinance 17

of 1917. This proposal is therefore to take power to redeem a proportion of the loan at an earlier date than the 31st. October 1921 by means of purchase in the market and

unless we do not see that it can be open to objection,

98,

the bondholders are willing to sell, the Government could

Next subsequent Paper,

not buy the bonds, and consequently

(19677—1 b.) Wt. 989412. 25,000 10017.

8. @ 122: 41.

could