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of the English Banks. The Japanese Specie Bank ... their Silver minted ... This is not a correct ... into you by the Government at 1/2% less than foreigners do, which gives them a very ... advantage.

... decided ... over British Banks ... was further ... according ... erinf ... M RIG ... the per ... appare free to the ... Why have ... the not ... ... in conducting Exchange operations, find her ... and ... wilde ... therefore British Banks ... would suffer seriously if the Yen were legalized.

2. Apart from that the Specie Bank controls vast amounts of Government Funds for which they are ... ann ... only charged 3% per ... and ... tam den ... This is ... ar ... item to be taken into consideration with the ... for ... Ven ... R ... the ... Las ... Seem ... with the fact that the Specie Bank is only waiting for you to be a legal tender in ... to open Branches at Songhong and probably Singapore and Penang. In such a case British Banks would be at a decided disadvantage in competing with them; in short they would not be able to do so ... successfully, they would be heavily handicapped.

3. The present temper of the Japan Government is extremely hostile to British trading interests. They ... are attempting to oust us in every possible way and it would not ...

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