CO129-561-10 Estimates 1938 2-9-1937 - 23-9-1938 — Page 43

C. O.

43

Mr.

Mr.

Mr.

Sir H. Moore.

Sir G. Tomlinson.

Sir C. Bottomley.

Sir J. Shuckburgh.

Permt. U.S. of S.

Parly. U.S. of S.

Secretary of State.

DRAFT.

amin mutil there is

of frostreet of

a che so

how the present woufhat is limit to affet South China".

FURTHER ACTION.

It would appear that the margin of

available surplus funds is therefore

very narrow, and if, as is estimated,

the surplus of assets were to fall to

approximately $9,000,000 by the end of

1938, tais method of finance could not

be continued. I would accordingly

suggest that consideration should be

given to the possibility of making a

further issue of the loan as soon as

fr forrowing

an opportune moment, arrives, though it

is possible that in the existing otate

may

of uncertainty this moment has not yet

gont

annived. The matter should, however,

should

be kept in view and I anall be glad to

have your observations upon it at an

early date.

I have, etc.

(Signed) W. ORMSBY GORE.

(*801-150) Wt. 13952-47 10,000 6/37 T.S. 695 (*1426-150) Wt. 27532-64 15,000 ir/37 T.S. 695