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force to the suggestion which has been made to Mr. Lloyd George that an arrangement for pooling the resources of Anglo-French tropical Colonies would be desirable.
Were the export restrictions now in force in British Colonies and Protectorates to be applied to the re-export of goods, not of British Imperial origin, it would appear probable, in Mr. Lloyd George's opinion, that the trade of entrepots such as Hong-Kong in such goods would in large part be transferred elsewhere with no corresponding benefit to the British Empire.
I am,
Sir,
Your obedient Servant.
Allewellyn
butt