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Your Excellency in holding, as we are gratified to
read:
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•gnognol mOTİ YIJAPOo 'enetis eit of
"that it is all very well to talk about silling the
enemy's trade and depleting his treasury", but "that
we want to keep our treasury full and that, in cutting
off many channels of trade, we may find ourselves,
instead of being the richer, a great deal the poorer"
has condensed into a few words the exact views held by manu-
facturers and merchants on this side; and we trust that no
obstacles will be put into the way of the liquidators in carrying
out their important work in accordance with Your Excellency's
views, and particularly that the Banks will grant all necessary
and usual facilities to that end.
Although some of our Banks, particularly the Hong-
tong & Shanghai Banking Corporation, in their desire to safe-
guard Hongkong's trade with Great Britain, have done a great
deal towards upholding ordinary banking facilities, others,
although benefitting by the protective attitude of H.M.Govern-
ment, have shown little desire to help the trader. It is
unfortunately the case that all measures for carrying out your
Excellency's views are impotent if the Banks do not co-operate
by granting adequate facilities.
Your Excellency evidently shares the views, held on
this side, that, much as we think it to be our duty to assist
our armed forces by weakening the enmuy economically, it
should not be done so as to injure British trade, which after
all supplies the wherewithal for carrying on the War,
Quite two score of the manufacturers with whom we
are dealing, and in whose interests we write, agree in hoping