A/1796
4, MILLBANK,
WESTMINSTER,
6/ 69
LONDON, S. W. 1.
(ABBEY 7730)
16th August, 1947.
(58)
Dear Mayle,
Thank you for the copy of your tter to Serpell, No. 54126/4/47 of 9th August, regarding the Hong Kong loan proposals.
We see no objection in principle to the suggestion in your last paragraph that one ordinance might cover both the tap issue and the premium bonds, but we think that there would possibly be considerable drafting difficulties, inasmuch as ordinances and regulations providing for premium bonds tend to be somewhat complicated. As it is in any case largely a formal point, we incline to the view that it would be simpler to enact two ordinances with limits such as you suggest.
On this last point, however, we think it worth considering whether it would not make the scheme more elastic
N.L. Mayle, Esq.
/ if
No comments yet.
Private notes are available after approval.