CO129-546-1 Loans for public works 6-1-1934 - 14-8-1934 — Page 5

5

4.

Govr. 594

5th Dec. 1933

Acko N° 9 on 13789/33, requests Army Council be informed regarding disposal any ultimate surpluses of sinking fund raised under the Ordce not bing subject to assessment to military contribution.

5. brown Agents (A/1138)

5 Dec. 1933.

Acko N. 7, agrees that in the cres, advisable defer consideration of esire of a notion of redemption of existing sterling stock & dixcisses proposal of

rasive local loan at 4 for cent mitérest

M' Taylor and not

fú

loan

R

redemption

suppose

That

sterling

w" be likely to form part

mary emmets

finally be decided upon

which may

under

the

Bauher

/

proposals for

Pocal

borrowing; but

the

You's elegan with (i)ite frure

の

f 15-mmtion

as the amount

I be raised in the first instance

(2) its supportion to defer por

Sex months

sterling loan

the redemption of the

10 Suggest

Seems

To me

and

That they do still.

contemplate associating the two operations

Of bel. herewith which we the follow up by a despatch

putting the

comment

No 4.

Trown Agents.

in para 3 & NES.

Reens for letter h Nar