that this is

Confidence

your

sufficient for maintaining

on the part of the holders of

arto in China.

Under the provisions of the present

4 Kong

Fide

me entitled t

you

antidraws 7 million dollars and replace tem

with securities. Ir and caffest that you

ghd, inreeed under this cathority

and send

to China such amounts within kat tuist

Qure

by

will satirty your vecestay requirements the Son of Athong being sequented, of permit Exports from time to time up to that limit.

to aegards provisions for fuckin

expansion of currency

annd

wr

wsk

afree

in China, the

Reasury

hat so

long

as 10 and.

dollars are defisited with the HK. Erst

you make excess not issues agot the deposit of British Gost securities with the C.A. up a

may

seich amounts as

authorised

way from War S. JJJ. and ther

time to time be

heasury.

5 millions. This of

the first place we and after to an

Ordce in H Kong

course and require an

additional

ausserding

you says

I not that her Stabb in his mestaje

367

that the present moreting

Situation in

trong ng

quili satisfactory.

C Addin

Last we

S

I agree work

in being you

being math to se

A hand

Low this view can

Aft

be acceplet wrkout

reserve having regard to the intimate

قسام

connection of othong.. with China

it in

scarcely be expected to remain

sahifactory

xuy Low

TRADEWA

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