CO129-543-12 Loans for public work 29-3-1933 - 20-12-1933 — Page 25

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the Government's approval of the proposals generally

is consequently delayed for some months, some of the

figures given on page 2 may not be correct. Such delay

might mean our losing the opportunity of disposing of

sinking fund investments at the present favourable market

prices and Hong Kong losing the opportunity of raising

money locally on the present favourable terms.

Yours sincerely,

ператот