the wd be a
great
inducement
for such
extension. have this word divert silver from
China to India, to the benefit of
might be
a sound policy hereafter.
Lunch extenter
beaus
A
India, and
P.S.
But
any
lokey requiring further
It and be accessary to mathe it clean
to the Bank from the start that they
must not expect any
sach extension.
If we agreed to thong silver
might math
to India.
we
going conditions in the interests of ss. Ceylon,
but I do not think this wel be dessinth. It wd be better to acgine ment' with
The D.D. in a
always
fugt
sucral way
Mem
b we can.
power of requining the
Exteven of the silver within faello
leven if recessary for securing fair
سا
A¬ a
Mr. Beckett hankers after our obtaining for the
Govt. of I. Kong some part of the profit on the sug-
gested loan of silver. I sympathize, Wy and have little
doubt that the Bank would be ready to give us a share i
But I don't see how we could ask for it unless we gave:
some sort of quarantee by the . Kong Govt. with regard
267
to the note issue of the Bank left uncovered by the silver
withdrawn. Under ay scheme.K. Govt. notes would
.
have been issued to the Bank against silver withdrawn
from their reserve.
"thick this
Are
14.6.18
scheme is preferable
diecity involving the credit of the It. Kong
apart from the benefits to mndia, Coscutially to allow
fourt
the showzar
the Banks to deposit
the "promise thing
silver coin, & for H. Kons
as secrets for them notes
mishead of
fach the provise
superflunes
9.9.14.6.15
Moor Hewin
Ion? like strieurs with gen
T
K
ince twent
бил
Expre using Colonies
(unless the It. clif our wrings by a change in
from of the suffected quarante I
...... le
when for have had this.
I doin Lay but.
but a dul
with J.O. is not possible; but the proposal as
presented her
busines.
we discussed in 16 an
به
as I understand
យ
an opiny