CO129-591-7 Estimates for 1946-1947 12-12-1945 - 14-3-1947 — Page 74

164126/4/46

Code

OUTWARD TELEGRAM

DIY

DAKINAK REGISTERED ONY

54126/4/46 (16.13).

TO HONG KONG (Sir M. Young)

FROM S. OF S.

COLONIES.

41 Th

うむ

Sent 2nd September, 1946, 18,45 hrs.

IMMEDIATE No. 811

My telegram No. 600 paragraph 4.

Crown Agents for the Soldates are propared to finance apecial expendituro temporarily by adverses from Joint Colonial Fund at bark rate varying on esovelty of appropriate loan ordinance, They would also require assurance that in the event of the advance rom JoinT Colonial Fund having to be repaid and prospects of market loan in London, being unfavourable, senary will undertake to provide necessary Jundu,

2. This of course involves assistance from U.K. funde and Treasury will not Tesl able to purez to say assurance on above lines unless they are satisfied (1) that every ellort is being made to Paleo masinum adat qui. Tovemie whether from now taxation oF OF LYCreano Of

D

existing taxes: (2) that bezɔre recourse da bad to London, possibilities of a local loan should be hausted on tests mentioned in paragraph 4 of my talegren 30. 300, namely that the terms should not be appreciably less favourable than those obtainable in London,

3, I should accordingly be glad of any information and assurances you can give me on the dient point,

Copies sent to:-

Treasury

1$

Grown Agents

༈་་

/particularly

Mins M. R. Ashe, Mr. Owen,

Mv. A.H, Hicks, Mr. Goldburg.