1925
Jour
死
122/12
Clementi 7.15am
CIRCULATION ---
4. Beudet 31
Ir.
ast. U.S. of S.
Sin 9. Mr.
ern U.S. of S.
art U.S. df 8.
cretary of State.
Previous Paper
Hate 54931
22/2/1/2
Coby to ft x 32h. Banking Comp. tons of 6 this 1846- X and sel
น
ca.
Capy of x above to CA. - 7 JAN: 1928
Subsequent Paper
CA
Ch 633
HONG KONG
DATE
Ig Dec 2
IREC
Co
56228
657
RE 20 DEC 25!
Loan Requirements.
Asks that gold equivalent f
be deposited with C
$5.000,000 may
Ato
as security for excess note issue of VK. x Shanghai Bant: two similar further siems will probably
required at short intervals.
be
MINUTES
I went out to see Mr.Collins about
thie yesterday afternoon and on his
instructions I rang up Sir Newton Stabb who
had already inquired by telephone what was
being done about this matter. I explained to
Sir Newton Stabb that the £3,000,000 which has
been promised to Hong Kong will be made up as
follows:
From the Straits Settlements
From the Hongkong and
Shanghai Bank
From the West African
.£1,000,000
£500,000
Currency Board (if necessary)
,500,000.
I then read this telegram to Sir
Newton Stabb and told him (after explaining
that it is necessary for the loan to be
expressed in sterling and not in dollars) that
the Crown Agents were being asked to instruct
the Bank of England to transfer a alam of
£600,000 (which is roughly the equivalent of
WL 17813/38 Gp. 140 50000 12.24 W & S Ltd.
the