CO129-605-5 Government loans 4-2-1948 - 8-1-1949 — Page 25

that it would be possible to provide in the terms of woul of the bounds that 25 they should only be issued to residents

this would in effect be locking the

stable

never

door

a

there. It

a

hose that was

might perhaps be

argued that there is still advantage

in providing that

monies

interest and redemption

should be paid outside the

to persons

who

were

Colony only resident here when they bought the

bonds but would this in practice be much different from permitting

present arrangements

Continue?

4

in this respect to

euggest that

continue to

borers for general acceptance of the fact

that unrestricted hears bonds are the only form which it is practicable to issue in Hong Kong.

3 of M Wallace

would

bond

inethod

chung

*

As

minute of 17/11/48,

recorded in para

tus

premium

perhaps the only feasible

enable us to suggest

issue

as

of financing the Tai ham

project.

[Copies of ☹

17

are

distributed

35/12

benig prepared and

J

will

be

31/12

I aque We win Chack In

31 xu

indicated on

on 14