CO129-510-1 Correspondence concerning securities held against note issues by various banking corporations 28-2-1928 - 16-10-1928 — Page 22

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When these bonds fill due for cefagment

I may 1926, the Ift afferved

of the

subalitution

them of

5% Debenture Stock

г

The Singapore

Iunicipality of the

Jame

face value.

however,

In the present case.

The security which it in purposed &

replace by the

new

Municipal Loan

ما

the S. Fallo 51⁄2%% was Loan 1818/1828,

which

tu Amey

in

was

juaranteed by me fort.

wil be glad to know whether

T.K's opinion the proposal made

the for. If Hhong way

п

whether

it

wash

be accepted,

desirable

to consult

the for. of the J. Sells

the security offered.

antä

cyard

(Signed) G. GRINDLE