CO129-629-13 Salesian Society activities 1-2-1951 - 31-3-1951 — Page 6

OUTWARD TELEGRAM

FROM THE SECRETARY OF STATE FOR THE COLONIES

3

mc

6

53702/12/51

Code

No. 395.

TO HONG KONG (Sir A. Grantham)

Sent 21 st March, 1951. 19.15 hrs.

Confidential.

Your savingram No. 256 of 6th March.

St. Louis Industrial School.

I approve grant of interest-free loan of $600,000 for rebuilding school and repayment over period of eight years from January, 1952. Provided you and Finance Committee are satisfied it is prudent I agree Salesian Society may guarantee lean but I suggest that guarantee should be so drawn that it binds Society as a whole and not merely "The Procurator in Hong Kong of the Salesian Society" (see Ordinance No. 9 of 1931).