CO129-605-4 Government loans 12-7-1946 - 6-1-1948 — Page 206

Suggested amendments to Colonial Office draft

telegram to Hong Kong enclosed with Mr.Mayle's

letter 54126/4/46, 27.8.46.

211'

Para.1 Line 1.

Line 4

Para. 2 Line 5

Lines 7-10

Para. 3

For "are" substitute "were"

After "

ndinance

aseurance" insert full stop and proceed "They also asked for an

assurance.

For "indefinite" substitute "are at present not promising".

From "assurance" to the end of the paragraph substitute "assurance that in the event of the advance from the Joint Colonial Fund having to be repaid and prospects of market loan being still unfavourable, Treasury will undertake to provide necessary funds"

Recast as follows:-

"This, of course, involves assistance from U.K. funds which could not easily be justified in face of persistent reports of existence of considerable wealth in the Colony. Treasury according- ly will not feel able to agree to any assurance on the above lines unless they are satisfied

-

(1) that every effort is being made to raise maximum additional revenue whether from new taxation or by increase of existing taxes;

(2) that before recourse is had to

/London