CO129-543-12 Loans for public work 29-3-1933 - 20-12-1933 — Page 24

Aura (16)

22

15

4, MILLBANK,

WESTMINSTER,

LONDON, S. W. 1.

(VICTORIA 7730)

13th December 1933.

Dear Gent,

As agreed by telephone yesterday, I am writing

to Taylor saying that you are amending as follows the

draft telegram about a Hong Kong Loan which he left with

you in the morning :-

For the sentence beginning in line 10 with the

words "with a currency of 20 years" substitute

the following sentence :- " with a currency of

20 years 3% at 95% is equivalent to 3% at par

Iassuming that the same sum is applied each year

for drawings and interest combined) and with a

currency of 30 years 3% at 94 is likewise

equivalent.

On the question of urgency which you also

mentioned, it may be well to point out that if the point

put for immediate consideration near the end of the

telegram is not settled within the next few weeks and if

G.E.J.Gent, Esq. D.S.O.

/the