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In view of the reasons given by the Government
of India in the former of those letters for raising
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of British dollars from 1 to 2 per cent, and of the
strong objections expressed by them in the second
letter to a reconsideration of the increased charge
Mr. Secretary Brodrick would hesitate to press them
to revert to the 1 per cent rate, which was arranged
with the Hongkong and Shanghai Banking Corporation
and the Chartered Bank of India &c., in 1894 under
circumstances which have since entirely changed. He
would have no objection however to forwarding Sir E.
Gorst's letter and its enclosures to the Goverment
of India for report, should the Marquess of Lansdowne
still desire this.
have &c.,
(Signed)
Horace Walpole.