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(c) FG are prepared to make an interest-Free loan to Hong yong up to a maximum of £3,500,000 to supplement * and available to Hong Kong for the construction of the projacted international airport at Deep Rey. (For your information
1.) "the funds available to Bong Kong would include the sun riccived by Hong Kong 11 Kai Tak sorodroms gera sold plea Me $500,000 to be met from H.I. loan funds, referrod to la magraph 25 of your despatch No.292.
(11) The teams of the loan will need to form
de cubject of further discusalole and in particular H.M.G. would require repayment of the loan in an appreciably shorter period than the 50 years suggçeted by you).
(4) B.M.Q. are prepandd to make a free grant of 1400,000 2o the liong Kong University. The mecine use bo which that any ta to be applied would be the subject of Zuziber Lisesion between the two Governments.)
As regards expanditure incurred on goods suppiled o Wong Kong by 1.M.G. after the civil government had been romus trbliohad, ea you are aware hitherto arrangements have only been nede for the Hong Kong Govezament to pay over to H. M. 0. She cash ceipts from sale of the stores. H.M.C. Dow feel
uhonga thug awe not repsat not disposed to adopt ap Lacomproniaing attitude in the matter) that the time has comp to coatiday farther the apportionment between Bong Kong and V.M.G. of total expenditure ipourred. They therefore consider that parkber discussions should take place between E. M. G. and Hong Kong on the matter and a further communication on this sanieok will be sent as soon as possible,
The proposals in your despatch No.292 for assumption br F.A.G. of certain liabilities were fally considered but in cile chcumstances referred to in gerograph 2 H.44.0. regret that they did not feel able to meet your requsas that they should take new the responsibilities listed in your despetoh.
K Genet that you will be able to infora me in the 49ar future of your acceptance of His Majesty's Government's offer which I should emphasise z regard as generous in present ctzcurs tapcoe. It is in my vies escential and you will BD doubt agree that the public announcement du Hong Kong as to the details of the settlement should be issued to coincide with
bat in malaya which as you will observe from my telegram No.457 must be made before April 27tb. This telegram is therefore being followed by another setting out a draft public announcement for Hong Kong on which I should be grateful for your early obaanyatjone.
that I can rely on you to make every effort to ensure that H. M. G. 's adtlon in those difficult times (the gravity of which have not parhape always been fully appreciated) shall be taken by the population of Hong Kong an evidence of good-will which 15 is in fact intended to be.
I AM BUDO
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