TA

*

Bank.

I have considered the arguments of this despatch from Jace. There is no reason for altering the decision to which I had previously arrived on this subject. I accordingly telegrapher to Bzm that guarantors should Carry then 30 per cent... should be held.

and the instructions in the matter given in my telegram of the 12th of April last. You will some have by this time received my despatch... Em 1590, 86234, 5234, 527.

ww. 69of the 18 April last, which explains at length the grounds on which those instructions were given.

In regard to the last para. of the letter from the Manager of the H. & Shanghai Bank Enclosed in your despatch under acknowledgement, I observe from Sir W. Des Voeux' despatch no. 381 of 19th Dec.

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