A&A

435

Juo galitow Isoitosną odt tait baeinos jaum I

-alatasez odt beititiuta vingual and exedos edt to

bas stedto das lionym yd bied yinvolverą awelv alt

„BGRITETOR yasa bedaidzot sad

10 ajamitne odd to yoazuoda evitarsquos adt

yď bedałazoi moitaivozio al astoa to zedawa edý

modd yɗ saw zedawa eft „Jnemazevog fatsalvoze odt

OOH MED BAG Ra sai on jbna 000,008,38‡ ta bussig piekli era 000,000,852 madt szón Jom „Joonezą ta

Josxe evig of sidianoqmi at #I

so pe bzosen po q*

-kiger est dotide no yah odt,d8 yirt Ilias sexuali

.bebola pilanit ed of eza ninii aɔltant

qu Jadi yatesa,beton begrot

to Đặt da

358‡ bezavosmib yin and zeldass tekdo odð stað og

ocenido e ,000,000, TI‡ zavo to latot a to tuo

of bene‡dgiti eza bus seizezzok daudeb yilisez QAD

oved yedt eɔiì10 sołtymebel ed‡ ‡a jaa,meid toenerg

Beizegzo) edz .aolasesɛoq tiedt zot tauosos of

Jani tadgasdë si betainą neton I‡ edt at pitnoa eta

add to Jung edt ao seasonstupos ybaez adi

Isool eat at afastorg yæsnimilong nodia,uzeblod 10 off hơi boxil anandoan lo alla ed) af Bang

.zoviekzeit betsubnos yodi doldw at reaasa yine b

edd yď baysIquid ythonod bus ytkoagas oft

dguodtia,odv,gosī .TM yd begɛzmo listu snertio

bevozq salt 'ayab wol a at,beaterðan tilaĴOS

bio as to listu eit to alaupe adt zevleamedt

.aoljutitaat gatlasd bedezidatee

The fact that all imputations to which ex-

pression may previously have been given with re-

gard to the aetion of the Banque de l'Indo-Chine

From

and the Bank of Taiwan have to be withdrawn.

reports which reached me, and which I had every

reason to consider trustworthy, I was given to

understand that they were large holders of old

notes for speculative purposes. It turns out, how-

that prior to the commencement of redemption

the French Bank disposed of its entire holdings and the Japanese Bank had only $20,000 left. way in which the local agent of the Banque de

l'Indo- Chine, H. Gaudiot, who also acts for the

Russo-Asiatie and Yokohama Specie Banks, has car- ried out the spirit of the Finance Miniter's memorandum, forming enclosure in your despatch

The

lo. 19 of May 26 and the loyal manner in which he

:

has supported Mr. Boyd are beyond praise.

6.

It

The attitude taken up by the representatives

of the Hongkong & Shanghai Bank, who originally only held $450,000 of Canton-Kowleon Railway earn- ings, and of the Deutsch-Asiatische Bank. would appear that they are taking advantage of their position as delegates to further their in- terests as bankers, inasmuch as when redemption started, they proceeded to collect and make ad- vances on large parcels of notes, held by Chinese banks and others, and then sought to set off the

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