CO129-543-12 Loans for public work 29-3-1933 - 20-12-1933 — Page 12

11

for the sinking funds worth be repaid

available) the starting loan would be repaid, the balance being

used

to reimburse surplus balances.

It is considered that the

disadvantage of having to pay 31⁄2%, or whatever his rate may be, for the money borrowed at a time when it is not actually wanted o / while lying would eam considerably

might well be set off against the advantage? obtaining long term

on deposit

money

M?

less h

at the present low rate.

present

4? Taylor is available for discussion at any

time. Hes address

is 22 Porchester Mews W2 Thus telephone

Paddington 0946.

I suggest that in the first

place Sir J. Campbell's news might be obtained on the general question of raising the loun

9 on the

michiods of raising it which are proposed

M. Theylor

was ancious that if

Possible nocive to redeem the loan should be given on the 15th for 1934 when is the date halfway between two interest

Fewramero

1342-33