CO129-546-1 Loans for public works 6-1-1934 - 14-8-1934 — Page 2

1. Four. - Tel W.5 Conf

16th Jany 1934

(Acks N° 18 on 13789/33- local bankers stress community's need of local gell- edged investment issue at 4%. boncurs + recommends local loan for $25 millions be authorised but only $15 millions be raised in first mistance balance n' 44 years. time, if necessary. Conference seeno objection redemption of existing sterling stock)

2

We had bette

send

the CA

"N" Taylor

That

сору ? что

9 say

ام

the JYS

w' be glad of

their

свой

the Gov's popsal

ñ

the Tall sembrance of

the opport

relyram

Viz to defer considering the

otification of the existing

Stack for the present

and

20

await

the Commer

further

recommendations after

been

the

propinals han

discursed in Hong Kong on

1 Taylor's return.

CINE

ammys

ý

ж

cessary

for Tay in r

1 Exechiel to

disincs here

notice).

Sm J. Campbell

M Verm

to see after

alore achin

come

at any

Lat-

B.Vent.

9/1

10