CO129-606-6 Hong Kong Loan- Financial settlement 7-3-1949 - 23-12-1949 — Page 75

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Fencing an indication of your views on the matter generally, I turuoer from collant un tue detallo of the «eport, cave to add tlust an the vent of the Colony being obliged to meet any part of these clame from 108 cen recourees, i co little prospect as paymont being possible during two procent financial year 11 a deficit on the ycor's workingo is not to be incurred.

I have the honour bu 20,

Your mout ubodzont, DILLAC BOIvaut,

A. G. GRANTHAM

OLVERACR.