Wt. 49614/485 3/46 50m. S. & S. Ltd.
54126/4/46.
C. O.
Mr. lmer 18/8.
My Emanuel 15/8
Mr Mayle
178
M.Jam 17.
Mr
Mr..
{
7.8/7
Permt. U.S. of S.
Parly. U.S. of S.
Secretary of State.
hayle's
Desp. 19/8
19th August, 1946.
For Mr. Palmer's signature
DRAFT.
222
R.L.M. JAMES, ESQ.,
(3)
TREASURY.
FURTHER ACTION.
Copy for mr Goldburg, Crown Agents.
Torri Emanuel
M7.08. Niaus 15 m. Gylating (draft (for)
Dear James,
to Palous
λ
Many thanks for your letter
S.52892/04 of the8th August about the
Hong Kong Government loan. We note
your assurance that from the capital
issues standpoint the Treasury would
raise no objection to the raising of
a market loan in London. We note also
however that you are advised that in
view of the prevailing uncertainty about
the political and economic future in the
Far East, it would be improbable that,
for the present at any rate, the Colony
creat
could raise money on its own at any
rate on terms likely to be consistent with
the general basis of similar issues. We
are not sure whether this is intended as
a qualification of your assurance, a c.e.
hether it implies that no guarantee can
now that
be given but when it becomes necessary to
raise the loan, permission would be with- fnotre coming
held if the probable terms were out of
line with those for "similar" issues,
by which I assume is meant other loans
raised by Colonial Governme
Government.
If
/such
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