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Enclosure H.
35
Chartered Bank of India, Australia & China,
Hongkong, 19th October, 1914.
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Dear Severn,
As I do not see eye to eye with my confreres, I enclose a separate memo. which I shall be obliged by your laying before His Excellency the Governor.
In this connection I would venture to draw
attention to the following extract from "The Economist" of
29th August.
W x x x x German Banks in London and London Banks in *Germany are being allowed to wind up their affairs, and "there is no reason why a principle which applies to "Banking should not apply to ordinary commercial con- "tracts, subject of course, to the conditions laid down "by the Chancellor of the Exchequer".
The Honourable
Mr. Claud Severn,
Colonial Secretary.
Yours sincerely,
Sd.
Wm. Dickson