20/03/1923.
430
TELEGRAM From the Secretary of State for the Colonies
to the Governor of Hong Konɛ.
(3ent 7.20 p.m. 30th June, 1925)
Friority. Your telegram W9th June. Feilure of native banks cannot be nutter f indifference to Britis Banks and in thoir can interasts they sight well be expected to take some risk say one third. This would give them a direct interest in ocreful a sinistration, Faili, Buch ar angement I approve your pro-osels subject to following conditions.
(1) Imperial Goverment not prepared to accept any liability contingent or otherwise and this should
be sede clear to banks.
(2) Guarantee to be confined to cocaitz ents ·
in the Colony only.
AVERY.