CO129-571-16 New Territories 13-4-1938 - 12-12-1938 — Page 61

party to the lease is not to be aroused). I understand

that the Colony's Exchange Fund at present produces a

surplus income of £200,000, and that the question whether

that surplus income should be set aside for this purpose

has already been discussed orally between Clauson and

Young.

Yours sincerely,

Ettale