CO129-597-3 Estimates 1950 22-2-1949 - 3-11-1950 — Page 277

No. 357 of 1948, viz:-

(a)

reducing pressure on loan funds

(b) creating substantial`reserves against

possible leaner

(c) checking inflation

years

(d) reducing any demands on F..G.

C

(sti]

still hold, (c)`possibly with even greater

cogency than last year in view of recent

considerable refugee influx from China.

4. As regards further borrowing, f

I am

!

see my telegram No,,...

telegraphing separately in near future.

(5)

1948 file

Lav

para of of your telegrarn

:

273