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their redemption in defiance of the Regulations issued by the
Ministry of Finance with the sunstion of the Chinese Government
on the 29th July, 1909. The following privato Chinese Banks have
to my knowledge failed recently owing to their being unable to
cash their own notes issued by them without proper security:-
The
eh Boan Choang Bank, Satow,
The Ewo Bank, Swatow,
and it is possible that other Banke in other parts of china have
failed for the same reason. Chinese and Foreigners alike are
affected by the financial crisis thus crouted and in the interests
of the trade of the Colony I would ask you to draw the most serious
attention of the chinese Government to the disastrous consequences
of the blind disregard of regulations the observance of which
prudence, if nothing else, should have dictutod,
I have the honour to be,
sir,
Your Excellency'a obedient servant,
AJ FIton ay
Officer Administering the
Govom pont.