Governor.
No.
Conf.
1906 Dec
HONG KONG
No.165809
Note issue
(Subject.)
272
DESPATCH.
C.O. 1658
12 JAN 07
Rational Bank of China.
Last previous Paper.
He does not consider that state of the bank
MO 41087 justifies acceptance of its notes by Govt.
Says at this stage Treas cons to be informed.
J
Feb
This
**£(78) – A2097-811
01427-4302-70-3
art subsequent Paper.
Mr. Free Lucas
(Minutes.)
Copy to Treas. I say that with their concurrence we propose to inform the Bank that their requests cannot be complied with. Point out that it is scarcely worth while from the Bank's point of view that an extension of their issue should be conceded against a deposit of coin or bullion to the full amount of the excess, as Govt. decline to accept the bank's notes it is scarcely desirable that the Govt. should hold the sums deposited against excess issue. Kupinuthsë the Govt. had better have nothing to do with the concern.
DA.16
CPL:16
at once