him in the dangerous rôle of prophet!

As to objection 7,

perhaps

we might

?: Ask G. of Straits to report whether any Japanese subsidiary (nickel) has ever or got into circulation in the Straits (silver).

Since the You Wa whether any legalized danger of it is anticipated,

he

Before replying to these despatches

they no

rusenich & not copp circulat

? Wait for reply from S.O. to letter drafting asking further as to their being able to mint these British Dollars.

I meanwhile print these two despatches for the Committee.

Ju96/3 C.P.2.67.

It is very probable that Japan will cut into India's trade with this part, because the effect of the Indian currency legislation is at once to enhance the cost of production (by artificially depreciating the exchange) in India and potentially reduce the cost of production in a silver-using country like Japan. But the legalization of the British dollar has little to do with it. If the thay Kory people spent less time worrying about currency nostrums, they would try and establish useful trade with them using cheap Chinese currency.

Mr.

857 713.94

Do you really think it necessary to print this Vanags of nonsense? I should be ashamed for the Committee to be,

Britisle dollar in

If it is legalized it will be on different grounds.

Sin R. Meadé

RUN 18/3

ar

was

wholly

th

The only part that I thought really essential to print. Report (Enclosure 6 in 3995) of the

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