341(1)-50554-3000-12-01.

54040---3000-3-02

536

enquiries and discussions before taking any fur-

ther steps with regard to the currency of Hong Kong,

and that he does not consider that a case has yet

been made out for an enquiry contemplating the possi-

bility of a gold standard for the Colony while

China remains upon the present basis.

If this view is accepted I could draft for conson

going into the matter more fully. We should get

Treasury concurrence in our reply.

ASC

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