CO129-543-12 Loans for public work 29-3-1933 - 20-12-1933 — Page 17

M? fameson 18/12/33

M? löwell is.

это

18 CONFIDENTIAL.

مله

in). Shting 18/12/33

DRAFT TELEGRAM,

THE GOVERNOR

HONG KONG,

atoo

16

13789/33

18

www.8.0/19/12/33.

Codedosent

ho.111

Confidential.

2.

20

Proposals for rising

ne loan and for repaying 3) Stock

1918/43 have been under discussion b-

Auso

a

33706

Crown Agents

n

're surer,

3

Lonn

issued here now

De M

at just

under par en presnt time may be

regarded as favourable for raising low219.

Treasurer thinks equally good teres

oso be obtained in Hong Kong snc

recommends local is-ue through the

cedium of the Hong Kong lank. Crown

take

вору

to b. A (1)

Copy to en

'LE Conf 2°F Dey (17)

Agents think that/zás might b

firm of

by inviting tenders for a 3. issue

Λ

redeemable by snusl drevins et par.

With

a currency of 20 yaura 3:

95) is equivalent to 3 at nar

( assuming

Bum anclied mach year

for interest and drawings combined)

and with a currency of 30 years 3°

at 94 is likewise equivalent.

Iznder: