CO129-576-4 Loans for public works 3-7-1939 - 4-1-1940 — Page 3

3

the $25,000, 500 authorised by

the 1934 Dollar hoan

will have been spent, of which $11, 140,000 mich have

veen met from surplus funds, $13,860 500

having

been raised

ry

the issue of

34% Wollar Bondo in

1934 to a nominal value

of $140, 500,000 at 99%.

According

To ''À' in enclos. 2 to (1)

If any

further credits are

received

they

will go

to reduce

the total amount of the hear which must be raised

in due course in water to make ourplus balanus

fully liquid.

The Fow. promises a further telepair in cure

course regarding

the issue of the valance

of this

this loan.

? Wait.

A. N. Salow.

by

19/11

(1)- The last two reallocation-resolutions under the 2934 Loan will be found at (12)

tat end. 4to (4)

on 53652 / 38. The

53652,

first of these does not affect the new resol- utions Prevsions ones (passed in (937) are ende. to (3) on 53652/37.

The deductions under Items &

total to

sa

The Sammy.

under Item 8.

486

¿

The increase

Mr Galsworthy and I have, however, had considerable difficulty in finding how the sum in the second of these resolutiong becomes available under iten &

The position

Chowever