bay
17 Is So Long, dong - tel N. 11. Borf - 11/1/40
18 To la
lig To Treas
{colo
17) B126.
20. Lot. Klang. Conf. 2. (Wers). Alle.
Seen
Jarenin
19/140
M.
Martin
شما
ore
15.1.40
19
पि.
you
fel. 33 conf.
19.1.40.
Sechs authority is proceed will issue of balance of coans producing $11,000,000 41.95 on 17% commission
The proposes are:-
(4) H. Kong & Shanghai Bank wie und writi a local come sufficient to produce $11,140,000 at 95%.
(b) The Bank to receive commission at the rate do 1% except on such portion (the Sr. Suggsdó
about are
itself.
half)
as may be taken up by Sat.
(C) The finds so round toter placed on a
withdrawal
year's
defort (Subjut" is 2 mouthof notice) with the Banda
@3%.
This represents
effective rate of mintirest
of
about 41% - but we can assume that it is the best offer that can be obtémmed for a local loan.
However we shild. presumably
consulento c'cegs
rafter sheaking torgon I submit aff
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