M.Graham We had better send a
Treasury
to the
:copy I ask for an Expression of
then news.
In the Straits where there is about to be
a government note issue, the bank, as for as I understand, should not be
allowed to issue notes
will see
In Hongtong the case is different. There is no government issue contemplated there. from 27426197 that in addition to the two banke now issuing Notes in Hougtong is. the Hongtong d Shanghai
and the Chartered Bank, there
is a third bank the National Bank
proposal
{
I know little or
of China-kisin to issue notce & the
seems at present to hang fire. nothing about the subject, but it seeme to me that the main point
first in to decide in the
Whether this successor
instance is
the Chartered
Mercantile bank which has branches
both in the Straits & in Hongkong
confined
can be
in its note issue to
the latter colony. Would you feel inclixed
to interviews the chairman on
ai he sa
bepre
Fearan
suggests Laggers C.P.L
west the
14. Sept
See munites
the
subjec
127
an 22579.
1.F·19/10
The dift. bewith to the Mercantile Bank as first written & ells.
Fiddian was based on a
similar aft to the National
Bank of China
on 27426 Aka
97
but we need not, at present at !
ا کر یا ترمیم
the 14 th
any rate, ask the questions beford because the Manager called fanc exflamed to
intention
of the
(1) that they had no of issuing except at #. Kay
notes
S.S.; and
they
(3) that
dy
bo
issue notes anywhere
Comfany
to obtain the consent of the shanks ders who under the Hets would be subject to unlimited liability in respect of such notes.
A