CO129-606-4 Hong Kong Loan- government grant 1-4-1947 - 2-3-1948 — Page 80

54126/6/47

Wt. 29446/552 9/48 50m. S. & S. Lid.

C. O.

Mr. Palmer 9/4

2875

29

May

11/4

Mr. Boss

27/5 V. Himale.

Permt. U.S. of S.

Mr.

Mayle

6

Mr..

DRAFT. DESPATCH

HONG KONG

Parly. U.S. of S.

Secretary of State.

14.1.47

see now. 4

FOR TREASURY APPROVAL BEFORE ISSUE.

CONFIDENTIAL

NO

452

GOVERNOR

oals.

Sir,

I have the honour to refer to paragraph 11 For Mark Young (51/54126/1/46) of your despatch No.164 of 4th November 1946 and (38654126/1/46) to paragraphs 16 to 18 of your despatch No.48

Le

(36/54126/1/46)

FURTHER ACTION.

Copy for

(1)55358/46 (Assce

to.E. Cols) (ii) 36550/29/47

(Cost of H.M. Volunteers)

(iii) 55081/18/46 (War

Damage Compn. finances

(iv) 55077/2/47

(Macao)

Treasury (D.K. Serpelly

exclisme To

his

AS

of 24th July 1946 in which you raisesthe

question of H. M. G. making a free grant to

Hong Kong to assist the Colony in meeting the expenses of rehabilitation which have arisen as a result of the Japanese occupation of the

Colony in view of the assistance given by H.M. G.

to the Government of Malta. As you are aware

H.M.G. has already made advances to the

Hong Kong Government amounting in all to

£3,250,000 up to 31st March, 1947.

indicated in the correspondence, of which EXE

copies were enclosed in my savingram No.107 of 31st July 1946, these advances have been

treated as loans although no terms of interest

have yet been agreed upon and the terms of

repayment have so far been confined to the

amounts received from the sale of supplies

purchased with the assistance of the advances (see paragraph 4 of Treasury letter of 22nd

November 1945 referred to in paragraph 2 of the telegram from the Commander in Chief C.A. 2210

of 22nd February 1946).

95178 for to Celter, drags hinawith -)

/2. In

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