MINUTES.

MINUTES NOT TO BE WRITTEN

ON THIS SIDE.

|∙

270

1 $20,077,000 him required,

sceminis

Ec.

must be deprinted to

A

corn 32 1

the 141 $10,mca,

9 temaning $10,000 of wast

be fully cured by schuities etc.

the custoction scheme im

Para 7.

shrin

has not get

bu settled

? Cory deep: I rachition to FO

asking whether

Piz

caulay reply

could be gir

708 of dep.

>

com

ar

Pressing

deep and and. h Try

pointing out as at A alos,

on regards

asking for show propiral in para 6

that Fo

B

AS

paar

for early reply

> raying buy complied 718 *

arking

Yes, but in putting point . to the Treas.

say that in the corresp. with Sir C. Addis

it was not contemplated that the Bank should

be relieved from its present obligation to

keep a proportion of its note issue in coin

or bullion in its own Treasuries for its own

purposes, an obligation which it will be noted

EM has not hitherto be held to extend to its

A

exces. note issue, which is fully covered

by coin or bullion deposited with the Govt.

Ask if T.L. attach importance to the strict

continuance of the existing obligation or

would be favourable to its relaxation or to

the adoption of the alternative in par. 6 of

desp.

Ask also if they have any obsons on last

sent. of par. 8 of desp.

Let me see drafts

At once

A.5.C.

2.1.22

fr N. Stable called yesterday. I promised

to jig 29. Shawn written to be

Sydney Tumer aceranigh

DB

17./20/

Share This Page