Any reply to this letter should be addressed to
THE SECRETARY,
TREASURY,
WHITEHALL, LONDON, S.W. 1, and the following number quoted:
TREASURY CHAMBERS
291
腐
ila
7619.
Treas
20513
196
6106
19
SLF.
11703
REC? [REC FEB 19
2 February 1919.
ne
I have laid before the Lords Commissioners
of His Majesty's Treasury Mr. Grindle's letter of the 8th instant (7619/1919) andits enclosures relative to the deposit by the Hong Kong and Shanghai Bank of certain Chinese and Japanese securities on account of their note issue.
In reply I am to request you to inform Viscount Milner that They do not in present circumstances feel able to authorise a departure from the principle adopted in 1896 (T.L.14391/96)
of 2nd October 1896) that Chinese Government
securities should not be accepted for this purpose. They think the same principle should apply to Japanese Municipal Stocks,
I a
Sir,
The Under Secretary of State,
Colonial Office.
Your obedient Servant,
H. Bradling