CO129-539-12 Loans for public works- military finances 26-2-1932 - 7-3-1933 — Page 85

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ordinance has recently been drafted by us for the

consideration of the Government of Trinidad, and we

enclose a copy of it which may be of interest to the

Government of Hong Kong. If this proposal is adopted,

the specific ordinance authorising the actual loan or

loans might be in such a form as will permit of the

money being raised either in the Colony or in this

country as may be found most advantageous at the time

Any part raised in London would be issued

under the provisions of the General Loan and Inscribed

Stock Ordinance and any part issued in the Colony

would be under the provisions of the new General Local

Loans Ordinance.

of issue.

We should be glad to receive copies

of any fresh legislation which may be enacted to provide

for the raising of loans in the Colony.

I have the honour to be,

Sir,

Your obedient Servant,

Shubies

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