CO129-598-3 Tai Lam Chung Reservoir Project 17-3-1949 - 7-10-1949 — Page 16

two

assistance from the U.K. The cost is much too

large to be provided from C.D. a. funds;

the 3.5.0. are not interested;

and it

is very doubtful whether in present circums tances

Hong Kong would be able to float a loan on the

London market on reasonable terms, even were

the approval of the Treasury and the Capital

Issues Committee to be obtaind,

?

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