CO129-598-2 Tai Lam Chung Reservoir Project 24-6-1948 - 3-3-1949 — Page 74

which will appeal primarily to Chinese

investors.

As regards the general question we should prefer, however, to reserve our position having in mind not only the case of the Hong Kong Brewery but also the fact that we have under consideration a circular telegram to all the Colonies explaining the subject of securities control in the light of the Exchange Control Act.

I am sending a copy of this letter to

Marshall.

Yours sincerely,

(Sgd.) T. Portemore.

:

•

81