ONFIDENTIAL.
(
Sir,
City
0
330
15294
(Rrot 5 MAY 13
GOVERNMENT HOUSE,
HONGKONG. 12th. April, 1913.
2217
17/2-13
With reference to my Despatch Confidential of the
27th. December last on the subject of the prohibition of circula-
-tion of foreign notes in the Colony, I have the honour to trans.it for your information the enclosed translation of an extract from a Chinese newspaper published here from which it may be gathered that the Canton Government is taking steps to establish a Bank in
Hongkong.
2. As the principal object of such an institution
would undoubtedly be the promotion of the circulation of the notes
of that Government I would urge that a decision on the matter of
taking powers to prohibit the circulation of notes other than those
of the authorised Banks of issue may be arrived at, in order to prevent as early as possible any attempt to force on the Colony a paper circulation of exceedingly doubtful value.
I have the honour to be,
Sir,
Your most obedient,
humble servant,
Amag
Governor,&c..
HE RIGHT HONOURABLE
LEWIS HARCOURT, M.P.,
&c.,
&c.,
&c...