L Shanghae Bank is boone

testimony to in the memorial in 8777/177

(ii) Iunderstand that you are not indisposed towards a Gout

Secure

trene

hott issue becured by suvestments

in England. The only danger that

could arise in such a

be a

case would

rise in the gold price of silver coincident with a run upon

the local Treasury for the redemption

notes. At Against this chance, however, is to be placed the

on the investimento (would

interest

An hearwy object to this as a source

Mprofit " ?) which would,

Cassati Went of

Love remittancers tothin's county,

フィ

7117

With regard to the answer

117

to the Hong Kong & Shaughne Bank.

I do not see why it should wait

the q settlement of the whole

may

currency question which

Love

long deferred. We met at all Events wait the answer optio

of th

Chartered Mercantile Bank to our

letter On 5492/2 (Ptraits, before

خوصه

dushingwatt tom taking any

definite step.

an

regard coin.

at mee

We might, however, perceed at tand with the proposal to issue Gost notes, though I do not See what difference there is between saging to the Bank that the shall have permission to set up a branch in Singapore on condition of thins

giving up their dollar notes,

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