135
Mr. Griffin
Yes, please do. Say we suppose
that British does not include Colonial (nont:
guaranteed ) stocks, and that the one third
and two thirds run, so to speak, concurrent-
It will be seen from 34328/12
1y.
that the Treas. agreed to the acceptance of
Bombay Trust Deb., which are not Trustee
securities nor guaranteed by the
Govt.)
7/10/13 In Collins
Tuasay
A
Arc
1. 10. 13
Cancun
w th
авит
British "
Interpectation. I have added to app
Cuadrigh to # CA
k mate
th
prition
clar
Rup
AVC
2.10.13
2/10/13
the reply to this Letter the following
Number should be quoted.
18367
13.
TREASURY CHAMBERS.
25th
September 1913.
C.O
sir,
F
33383
I have laid before the Lords Commissioners of His
Majesty's Treasury Sir H. Just's letter of the 6th instant (30053/1913) enclosing a copy of a letter from the Crown Agents for the Colonies relative to the securities held in respect of the note issue of the Chartered Bank of India, Australia and China. In reply I am to request you to inform Mr. Secretary Harcourt that the proposed release of £25,000 India 2% Stock Certificates and £160,000 Transvaal 3%
Guaranteed Stock Certificates would eliminate from the list
the last representatives of British and Indian Government Stocks. As a general principle My Lords are of opinion that in a list of securities such as this at least one third of the whole should consist of British (including securities guaranteed by the British Government) and Indian Government Securities and at least two thirds of Trustee stocks or
bearer bonds of borrowers whose stocks are Trustee Stocks.
In these circumstances My Lords regret to be unable to approve the proposed exchange of securities.
I and,
Sir,
Your obedient Servant,
2. L. #L
The Under Secretary of State,
Colonial Office.
Am