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deposited in Shanghai.
The procedure in this matter should be quite simple &
Once we have should involve very little extra detail work. decided what amounts of coin should be held at the various points, we shall make arrangements to place these amounts under control of the Trustees, and I would suggest that they should furnish you with certificates of the amounts so held & that they should take your
It instructions only as to releasing any part of these reserves.
is very possible that such reserves will remain undisturbed for years as has been the case in Hongkong.
You will doubtless inform me in due course of the
Secretary's final decision in this matter.
I am şir,
Your obedient servant,
(sa.) A. Stephen
Chief Manager.