of course

we the measure

will do nothing until the formal

cause of the Bank

has been

ascertained. But

send this to

them in the meantime,

295

306

it by telegraph,

as the Bank

is

suffering inconvenience owing to the

delaying of the question within Singapore Branch.

We should also ask the

Branch

to let us have the views of there

for information

on

this

point,

And

also

reopening the

question of the Japanese Yen. For

J.

Hennessy says

he

has not yet

replied to

the Govt note

to come. He does not

say why

but I have little doubt it is

because

he is

keen on the

legalization of the yen, which I have

always been inclined to [14116/18 et seq.]

If we

do not receive the

formal reply of the Bank by next

mail,

we should I think send a

telegram to

say we are in the

dark and they can act on it to telegraph.

Draft reply to the Govt on

this

paper

to the Year at hand

Little

a convenient

discussion as early

as

24.

Supposed

about

the heads

of

date

of despatch.

RE 31 Dec

3/1

minute at the top

of this page. One paper has been

overlooked. Shall we

enquire by post? 24.5 March 84

etc.

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