Quite a long delay, I fear, has occurred in connection with the decision of the Home Government.
I should be inclined therefore to send him a statement of the proposal (rather perhaps to write a whole letter) confidentially and to obtain his views as well.
Especially in view of the mode of giving effect to the proposed change, with reference to the four points on which I have no instructions.
It will be known that abetting the demonetization of the dollar practically involves an alteration.
Further, it is legally begged in certain foreign countries (to the gain of the Campaign & Co. of the Govt?) — With the contracts now made it can be practically discharged in dollars.
The amount of gold to be found in connection with this is to be noted.
333 — What are the brakes on Elsass in H.K.? — whether there are any objections to the suggestion (pencil note in the first draft) of a Foreign currency.
I can't help hoping that the Gold currency has turned so unsatisfactory as to facilitate its obsolescence in H.H. and materially its demonetization.
Bit. Regens
1/10/89.
I am sorry Chan kept this until now, without sending it by the last Mail. Do you think it can wait until the next?
Ch. 26.