CO129-554-1 Loans for public works 13-3-1935 - 30-11-1935 — Page 16

C. O.

Mr. Costar. 6/8/35. Mi Gent. 6

Mr.

Sir C. Parkinson.

Sir G. Tomlinson.

Sir C. Bottomley.

53593/35. Hong Kong.

if

And in

لا

Downing Street.2"

13

August, 1935.

15

Sir,

Sir J. Shuckburgh.

Permt. U.S. of S.

Parly. U.S. of S.

Secretary of State.

(5)

DRAFT.

HONG KONG.

NO. 317.

Q.A.G. Governor.

FURTHER ACTION.

I have etc. to acknowledge

the receipt of your despatch No. 387

of the 19th of June, 1935, forwarding

copies of three kesolutions regarding

Loan Works which were passed by the

Legislative Council on the 16th of

May, 1935, and to convey my approval

of the financial adjustments involved.

2.

As regards the increase from

$3,400,000 to $3,864,943 under Item 7

of the first kesolution, I should be

obliged if you would inform me, in due

course, how it came to be overlooked

that the proceeds of the sale of the

Inverterents on account - Surplus funds would

steek held in the Sinking Funds of the

Sterling Loan needed to be credited to

Investments when the Loan Ordinance

No. 11 of 1934 was introduced into the

Legislative