CO129-605-4 Government loans 12-7-1946 - 6-1-1948 — Page 68

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if each ordinance had a limit of $150,000,000, the second ordinance carrying a proviso that the total issued under both must not exceed $150,000,000 in all. This would have

ti advantage that, if one method proved considerably more popular than the other, the Hong Kong Government would not be faced with the possibly insurmountable task of having to raise the minimum of $50,000,000 by the less popular means.

Yours sincerely,

A. Amm

Vinden

RECEIVED

19 AUG 947

CO REGY