CO129-605-4 Government loans 12-7-1946 - 6-1-1948 — Page 220

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an(alternative means of temporary

finance to advances from the Joint

cento

-4-

Colonial Funds would have to be found

Audit Finally

we have to decide whith 4. We think it is necessary at this

stage to define exactly the items which

would be included in the loan schedule.

K1

Our preliminary view is that if loan

is made a general recors truction and

rehabilitation loan then the details of

Can

225

In fact it seeme

に

to boil down 13 an

alterative of

providing the money from W.K. funds;

、

the items to be included thrould be agreed sable, want?

whitecatont

between the Hong Kong Government and the

S. of S. (in consultation with theTreasury)

admanse need

a

and that the loan should therefore not have

a detailed schedule. An understanding would

have to be reached, however, as to the kind

of expenditure which would be financed by

loan.

We are inclined to think that

having regard to the size of the prospective

loan and to the somewhat complicated is sues

involved, it would be best to try and settle

the above points by a meeting of all

concerned. We would therefore like to suggest

an early meeting, say on Thursday or Friday

next. We should wish to bring along a

representative from the Crown Agents as well

as our Finance Department and you will

doubtless wish to arrange for representatives

of the Home finance side of the Treasury and

of the Bank of England to be present.

Would

you please let me know whether the suggestion

is agreeable to you.

Yours sincerely,

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